Media coverage about QEP Resources (NYSE:QEP) has been trending somewhat positive on Sunday, according to Accern Sentiment Analysis. The research firm scores the sentiment of news coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. QEP Resources earned a media sentiment score of 0.13 on Accern’s scale. Accern also assigned media coverage about the pipeline company an impact score of 45.6012044198226 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the headlines that may have effected Accern’s rankings:
- Insider Investors Status Is on Critical Level : QEP Resources, Inc. (NYSE:QEP) – Wallstreet Investorplace (wallstreetinvestorplace.com)
- QEP Resources, Inc. (QEP) Given Average Recommendation of “Hold” by Analysts (americanbankingnews.com)
- Petrobras Argentina (PZE) and QEP Resources (QEP) Critical Analysis (americanbankingnews.com)
- AvalonBay Communities, Inc. (AVB) Shares Bought by Axa (wisdomsave.com)
A number of equities research analysts have weighed in on the stock. ValuEngine lowered shares of QEP Resources from a “sell” rating to a “strong sell” rating in a research note on Friday, September 8th. Cowen and Company set a $12.00 target price on shares of QEP Resources and gave the company a “buy” rating in a research note on Friday, August 25th. National Securities assumed coverage on shares of QEP Resources in a research note on Monday, July 31st. They set a “buy” rating and a $11.00 target price for the company. J P Morgan Chase & Co lowered shares of QEP Resources from an “overweight” rating to a “neutral” rating and decreased their target price for the company from $11.00 to $9.00 in a research note on Thursday, July 27th. Finally, BidaskClub lowered shares of QEP Resources from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 27th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. QEP Resources has an average rating of “Hold” and a consensus target price of $16.53.
QEP Resources (NYSE QEP) traded down 0.38% during midday trading on Friday, hitting $7.96. 7,784,052 shares of the stock traded hands. The stock’s market cap is $1.91 billion. The company has a 50-day moving average price of $7.57 and a 200 day moving average price of $10.20. QEP Resources has a one year low of $7.02 and a one year high of $21.12.
QEP Resources (NYSE:QEP) last issued its earnings results on Wednesday, July 26th. The pipeline company reported ($0.12) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.20) by $0.08. QEP Resources had a negative net margin of 3.90% and a negative return on equity of 4.24%. The business had revenue of $383.70 million during the quarter, compared to analysts’ expectations of $413.27 million. During the same quarter in the prior year, the business posted ($0.23) EPS. The company’s revenue for the quarter was up 15.0% on a year-over-year basis. Equities research analysts anticipate that QEP Resources will post ($0.60) earnings per share for the current year.
In related news, Director Julie Dill bought 5,000 shares of the stock in a transaction dated Friday, July 28th. The stock was acquired at an average price of $8.49 per share, for a total transaction of $42,450.00. Following the acquisition, the director now owns 5,525 shares in the company, valued at approximately $46,907.25. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director David A. Trice bought 25,000 shares of the stock in a transaction dated Thursday, August 17th. The stock was bought at an average price of $7.20 per share, with a total value of $180,000.00. Following the acquisition, the director now owns 40,000 shares in the company, valued at approximately $288,000. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 42,500 shares of company stock valued at $321,325. Company insiders own 1.36% of the company’s stock.
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QEP Resources Company Profile
QEP Resources, Inc is an independent crude oil and natural gas exploration and production company. The Company focuses on two regions of the United States: the Northern Region (primarily in North Dakota, Wyoming and Utah) and the Southern Region (primarily in Texas and Louisiana). The Company conducts exploration and production activities in North America’s hydrocarbon resource plays.
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