QEP Resources Inc (NYSE:QEP) – Piper Jaffray Companies issued their FY2018 earnings per share estimates for QEP Resources in a note issued to investors on Wednesday, January 9th. Piper Jaffray Companies analyst K. Harrison anticipates that the pipeline company will post earnings per share of $0.06 for the year. Piper Jaffray Companies currently has a “Hold” rating and a $13.00 target price on the stock. Piper Jaffray Companies also issued estimates for QEP Resources’ Q4 2018 earnings at $0.03 EPS, Q1 2019 earnings at $0.02 EPS, Q2 2019 earnings at $0.13 EPS, Q3 2019 earnings at $0.10 EPS, Q4 2019 earnings at $0.15 EPS, FY2019 earnings at $0.41 EPS, Q1 2020 earnings at $0.20 EPS, Q2 2020 earnings at $0.21 EPS, Q3 2020 earnings at $0.23 EPS, Q4 2020 earnings at $0.25 EPS and FY2020 earnings at $0.89 EPS.
QEP Resources (NYSE:QEP) last posted its earnings results on Wednesday, November 7th. The pipeline company reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.18. QEP Resources had a negative net margin of 11.89% and a positive return on equity of 7.86%. The firm had revenue of $560.80 million for the quarter, compared to the consensus estimate of $497.45 million. During the same period in the previous year, the firm posted ($0.10) EPS. The business’s quarterly revenue was up 43.8% on a year-over-year basis.
Several other brokerages also recently commented on QEP. Williams Capital set a $15.00 price target on shares of QEP Resources and gave the company a “buy” rating in a report on Monday, November 19th. Oppenheimer reiterated a “buy” rating on shares of QEP Resources in a report on Friday, October 19th. Tudor Pickering upgraded shares of QEP Resources from a “hold” rating to a “buy” rating in a report on Wednesday, November 7th. Zacks Investment Research upgraded shares of QEP Resources from a “hold” rating to a “buy” rating and set a $10.00 price target on the stock in a report on Thursday, November 22nd. Finally, Stephens started coverage on shares of QEP Resources in a report on Thursday, December 6th. They set an “equal weight” rating and a $12.00 price target on the stock. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and six have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $13.12.
QEP Resources stock opened at $8.51 on Friday. QEP Resources has a twelve month low of $5.00 and a twelve month high of $13.77. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.35 and a current ratio of 0.35. The stock has a market capitalization of $2.01 billion, a PE ratio of 11.12, a price-to-earnings-growth ratio of 1.74 and a beta of 1.61.
Hedge funds have recently modified their holdings of the business. Schwab Charles Investment Management Inc. lifted its position in shares of QEP Resources by 2.4% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 1,113,904 shares of the pipeline company’s stock worth $13,657,000 after purchasing an additional 25,958 shares during the period. Cubist Systematic Strategies LLC lifted its position in shares of QEP Resources by 80.4% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 13,142 shares of the pipeline company’s stock worth $161,000 after purchasing an additional 5,858 shares during the period. Walthausen & Co. LLC purchased a new stake in shares of QEP Resources in the 3rd quarter worth approximately $13,496,000. Trexquant Investment LP lifted its position in shares of QEP Resources by 81.4% in the 3rd quarter. Trexquant Investment LP now owns 144,444 shares of the pipeline company’s stock worth $1,635,000 after purchasing an additional 64,829 shares during the period. Finally, Mackenzie Financial Corp lifted its position in shares of QEP Resources by 1.7% in the 3rd quarter. Mackenzie Financial Corp now owns 2,907,500 shares of the pipeline company’s stock worth $32,913,000 after purchasing an additional 50,000 shares during the period. Institutional investors and hedge funds own 99.20% of the company’s stock.
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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