QEP Resources Inc (NYSE:QEP) – Analysts at SunTrust Banks boosted their FY2018 earnings estimates for QEP Resources in a research note issued to investors on Tuesday, November 27th. SunTrust Banks analyst N. Dingmann now forecasts that the pipeline company will post earnings of $0.11 per share for the year, up from their previous estimate of $0.10. SunTrust Banks also issued estimates for QEP Resources’ FY2019 earnings at $0.53 EPS and FY2020 earnings at $1.11 EPS.
QEP has been the subject of a number of other research reports. Williams Capital set a $15.00 price objective on QEP Resources and gave the company a “buy” rating in a research note on Monday, August 20th. Oppenheimer initiated coverage on QEP Resources in a research note on Wednesday, October 3rd. They issued an “outperform” rating and a $15.00 price objective for the company. Tudor Pickering raised QEP Resources from a “hold” rating to a “buy” rating in a research note on Wednesday, November 7th. ValuEngine cut QEP Resources from a “sell” rating to a “strong sell” rating in a research note on Thursday, November 8th. Finally, Wells Fargo & Co cut QEP Resources from an “outperform” rating to a “market perform” rating and set a $14.00 price objective for the company. in a research note on Tuesday, October 23rd. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the stock. QEP Resources has a consensus rating of “Hold” and a consensus target price of $13.66.
Shares of QEP Resources stock opened at $8.50 on Friday. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.73. QEP Resources has a 52 week low of $7.04 and a 52 week high of $13.77. The company has a market capitalization of $2.03 billion, a price-to-earnings ratio of 7.39, a PEG ratio of 44.64 and a beta of 1.35.
QEP Resources (NYSE:QEP) last announced its quarterly earnings data on Wednesday, November 7th. The pipeline company reported $0.17 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.01) by $0.18. QEP Resources had a positive return on equity of 7.86% and a negative net margin of 11.89%. The firm had revenue of $560.80 million during the quarter, compared to analysts’ expectations of $497.45 million. During the same quarter last year, the firm posted ($0.10) earnings per share. The company’s revenue for the quarter was up 43.8% compared to the same quarter last year.
Several large investors have recently made changes to their positions in QEP. CastleArk Alternatives LLC purchased a new position in shares of QEP Resources during the second quarter valued at approximately $113,000. Tower Research Capital LLC TRC boosted its position in shares of QEP Resources by 298.0% during the third quarter. Tower Research Capital LLC TRC now owns 10,550 shares of the pipeline company’s stock valued at $119,000 after buying an additional 7,899 shares during the last quarter. Cubist Systematic Strategies LLC boosted its position in shares of QEP Resources by 80.4% during the second quarter. Cubist Systematic Strategies LLC now owns 13,142 shares of the pipeline company’s stock valued at $161,000 after buying an additional 5,858 shares during the last quarter. Iberiabank Corp purchased a new position in shares of QEP Resources during the third quarter valued at approximately $182,000. Finally, Dynamic Technology Lab Private Ltd purchased a new position in shares of QEP Resources during the second quarter valued at approximately $225,000.
QEP Resources Company Profile
QEP Resources, Inc, through its subsidiaries, operates as a natural gas and crude oil exploration and production company in the United States. The company conducts exploration and production activities in the Permian Basin in western Texas, Williston Basin in North Dakota, Haynesville/Cotton Valley in northwestern Louisiana, Uinta Basin in eastern Utah, and other proven properties in Wyoming, Utah, and Colorado.
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