Media stories about QEP Resources (NYSE:QEP) have trended somewhat positive recently, according to Accern. The research group identifies negative and positive press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. QEP Resources earned a media sentiment score of 0.13 on Accern’s scale. Accern also assigned news headlines about the pipeline company an impact score of 45.6144663389821 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the news headlines that may have impacted Accern Sentiment’s scoring:
- Stock Views And Recommendations: QEP Resources, Inc. (NYSE:QEP) – Market Breaking Point (press release) (journalfinance.net)
- Illiquidity and stock returns: QEP Resources, Inc. (NYSE:QEP), Arena Pharmaceuticals, Inc. (NASDAQ:ARNA) – The Stock Street (press release) (thestreetpoint.com)
- Is the sentiment expressed is pleasing? QEP Resources, Inc. (QEP), Walgreens Boots Alliance, Inc. (WBA) – Market Movers (financialqz.com)
- Stock Watch Evaluation: QEP Resources Inc (NYSE: QEP) – Alpha Beta Stock (alphabetastock.com)
- Hot Stock under Review – QEP Resources, Inc. (NYSE: QEP) – Alpha Beta Stock (alphabetastock.com)
QEP Resources (NYSE QEP) opened at $10.47 on Friday. The company has a current ratio of 1.55, a quick ratio of 1.54 and a debt-to-equity ratio of 0.52. The firm has a market cap of $2,520.00, a P/E ratio of -174.50 and a beta of 1.73. QEP Resources has a 1 year low of $7.02 and a 1 year high of $18.92.
QEP Resources (NYSE:QEP) last posted its quarterly earnings data on Wednesday, October 25th. The pipeline company reported ($0.10) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.21) by $0.11. The firm had revenue of $390.10 million during the quarter, compared to analysts’ expectations of $393.87 million. QEP Resources had a negative net margin of 0.90% and a negative return on equity of 3.48%. The firm’s quarterly revenue was up 2.0% on a year-over-year basis. During the same quarter last year, the company posted ($0.21) EPS. analysts expect that QEP Resources will post -0.44 earnings per share for the current fiscal year.
QEP has been the subject of several analyst reports. ValuEngine cut shares of QEP Resources from a “sell” rating to a “strong sell” rating in a research note on Friday, September 8th. Piper Jaffray Companies dropped their price target on shares of QEP Resources from $20.00 to $12.00 and set an “overweight” rating for the company in a research note on Monday, September 18th. Stifel Nicolaus dropped their price target on shares of QEP Resources from $26.00 to $23.00 and set a “buy” rating for the company in a research note on Tuesday, September 26th. Barclays dropped their price target on shares of QEP Resources from $9.00 to $8.00 and set an “overweight” rating for the company in a research note on Tuesday, September 26th. Finally, KLR Group reissued a “buy” rating and issued a $14.00 price target (down previously from $15.00) on shares of QEP Resources in a research note on Wednesday, September 27th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $13.76.
About QEP Resources
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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