QEP Resources (NYSE:QEP) Given Media Impact Score of 0.10

News headlines about QEP Resources (NYSE:QEP) have been trending somewhat positive this week, Accern reports. The research firm identifies negative and positive press coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. QEP Resources earned a news impact score of 0.10 on Accern’s scale. Accern also gave news coverage about the pipeline company an impact score of 46.64790317774 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

Here are some of the news articles that may have effected Accern’s rankings:

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Shares of NYSE QEP traded down $0.01 during mid-day trading on Wednesday, hitting $9.85. 3,442,143 shares of the company’s stock traded hands, compared to its average volume of 6,767,832. The company has a current ratio of 0.29, a quick ratio of 0.28 and a debt-to-equity ratio of 0.57. The stock has a market capitalization of $2,318.12, a price-to-earnings ratio of 12.79 and a beta of 1.53. QEP Resources has a 1 year low of $7.02 and a 1 year high of $13.15.

QEP Resources (NYSE:QEP) last issued its quarterly earnings results on Wednesday, February 28th. The pipeline company reported $1.13 EPS for the quarter, beating the consensus estimate of ($0.07) by $1.20. The company had revenue of $429.00 million for the quarter, compared to the consensus estimate of $392.01 million. QEP Resources had a net margin of 16.59% and a return on equity of 5.06%. The firm’s revenue was up 7.3% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.15) EPS. equities analysts predict that QEP Resources will post -0.61 EPS for the current fiscal year.

QEP Resources declared that its Board of Directors has approved a share buyback program on Wednesday, February 28th that authorizes the company to repurchase $1.25 billion in outstanding shares. This repurchase authorization authorizes the pipeline company to repurchase shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its shares are undervalued.

A number of equities research analysts have commented on the stock. Zacks Investment Research raised shares of QEP Resources from a “hold” rating to a “buy” rating and set a $12.00 target price for the company in a research report on Friday, January 12th. Mizuho set a $15.00 price objective on shares of QEP Resources and gave the company a “buy” rating in a research report on Tuesday, January 16th. Piper Jaffray reissued a “buy” rating and set a $14.00 price objective on shares of QEP Resources in a research report on Tuesday, January 9th. ValuEngine downgraded shares of QEP Resources from a “hold” rating to a “sell” rating in a research report on Monday. Finally, JPMorgan Chase cut their price objective on shares of QEP Resources from $11.00 to $10.00 and set a “neutral” rating for the company in a research report on Monday, March 5th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $13.10.

In related news, Director David A. Trice bought 10,000 shares of the company’s stock in a transaction on Thursday, March 8th. The shares were acquired at an average cost of $9.00 per share, for a total transaction 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 document filed with the SEC, which is available through the SEC website. 1.36% of the stock is owned by corporate insiders.

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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.

Insider Buying and Selling by Quarter for QEP Resources (NYSE:QEP)

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