Media stories about Qep Resources (NYSE:QEP) have been trending somewhat positive on Sunday, according to Accern Sentiment. The research firm identifies positive and negative press coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Qep Resources earned a daily sentiment score of 0.04 on Accern’s scale. Accern also assigned news articles about the pipeline company an impact score of 47.1156114372365 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the news articles that may have impacted Accern’s rankings:
- Why Is QEP Resources (QEP) Up 5.8% Since Its Last Earnings Report? (finance.yahoo.com)
- Investors are Unsure How to React (Brief Analysis) – QEP Resources (NYSE:QEP) (nasdaqjournal.com)
- Earnings Yield in Perspective for QEP Resources, Inc. (NYSE:QEP) (derbynewsjournal.com)
- Active Mover – QEP Resources Inc (NYSE: QEP) (stocksmarketcap.com)
- Relative Strength Index (RSI 14) to Keep Your Eyes on: QEP Resources, Inc. (NYSE:QEP), TTM Technologies, Inc … (stocksnewspoint.com)
Several equities analysts have issued reports on the company. ValuEngine cut Qep Resources from a “sell” rating to a “strong sell” rating in a research report on Friday, February 2nd. Stifel Nicolaus set a $19.00 target price on Qep Resources and gave the stock a “buy” rating in a research report on Tuesday, April 24th. Zacks Investment Research upgraded Qep Resources from a “hold” rating to a “buy” rating and set a $8.75 target price on the stock in a research report on Tuesday, February 13th. B. Riley assumed coverage on Qep Resources in a research report on Monday, February 5th. They set a “neutral” rating and a $10.50 target price on the stock. Finally, Deutsche Bank assumed coverage on Qep Resources in a research report on Thursday, February 1st. They set a “hold” rating and a $11.00 target price on the stock. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the company’s stock. Qep Resources currently has an average rating of “Hold” and a consensus target price of $12.48.
Shares of NYSE:QEP opened at $12.16 on Friday. The company has a market cap of $3.10 billion, a PE ratio of 15.79 and a beta of 1.51. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.24 and a current ratio of 0.24. Qep Resources has a 12 month low of $7.02 and a 12 month high of $13.74.
Qep Resources (NYSE:QEP) last announced its quarterly earnings results on Wednesday, April 25th. The pipeline company reported ($0.20) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.19) by ($0.01). The firm had revenue of $428.90 million for the quarter, compared to analysts’ expectations of $369.94 million. Qep Resources had a return on equity of 4.66% and a net margin of 8.51%. Qep Resources’s revenue was up 2.1% compared to the same quarter last year. During the same period last year, the firm earned ($0.14) EPS. analysts expect that Qep Resources will post -0.54 EPS for the current fiscal year.
Qep Resources announced that its Board of Directors has approved a stock buyback program on Wednesday, February 28th that permits the company to buyback $1.25 billion in outstanding shares. This buyback authorization permits the pipeline company to buy shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.
In other news, Director David A. Trice purchased 10,000 shares of the firm’s stock in a transaction dated Thursday, March 8th. The shares were acquired at an average price of $9.00 per share, with a total value of $90,000.00. Following the purchase, the director now directly owns 50,000 shares of the company’s stock, valued at $450,000. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. 1.60% of the stock is owned by insiders.
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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