$0.07 EPS Expected for QEP Resources Inc (NYSE:QEP) This Quarter

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Equities analysts expect that QEP Resources Inc (NYSE:QEP) will post earnings of $0.07 per share for the current quarter, Zacks reports. Six analysts have made estimates for QEP Resources’ earnings, with estimates ranging from $0.02 to $0.10. QEP Resources posted earnings per share of ($0.13) in the same quarter last year, which indicates a positive year-over-year growth rate of 153.8%. The firm is expected to announce its next earnings report on Wednesday, February 19th.

According to Zacks, analysts expect that QEP Resources will report full year earnings of $0.23 per share for the current fiscal year, with EPS estimates ranging from $0.18 to $0.26. For the next fiscal year, analysts forecast that the firm will post earnings of $0.57 per share, with EPS estimates ranging from $0.43 to $0.75. Zacks’ EPS calculations are a mean average based on a survey of research analysts that follow QEP Resources.

QEP Resources (NYSE:QEP) last issued its earnings results on Wednesday, October 23rd. The pipeline company reported $0.05 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.05. The business had revenue of $307.50 million during the quarter, compared to analysts’ expectations of $295.03 million. QEP Resources had a negative net margin of 47.59% and a positive return on equity of 0.30%. The company’s revenue for the quarter was down 45.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.17 EPS.

A number of equities research analysts recently weighed in on the stock. ValuEngine raised shares of QEP Resources from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Raymond James lowered QEP Resources from a “strong-buy” rating to a “market perform” rating in a report on Thursday, August 8th. Stephens upgraded QEP Resources from an “equal” rating to an “overweight” rating and set a $7.00 target price on the stock in a research report on Wednesday, October 30th. Williams Capital raised QEP Resources from a “hold” rating to a “buy” rating and set a $5.00 target price for the company in a report on Thursday, October 24th. Finally, Piper Jaffray Companies raised QEP Resources from a “neutral” rating to an “overweight” rating and upped their target price for the company from $3.50 to $6.00 in a research report on Monday, October 28th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $7.67.

A number of institutional investors have recently modified their holdings of the business. FMR LLC raised its holdings in shares of QEP Resources by 1.8% in the first quarter. FMR LLC now owns 2,252,517 shares of the pipeline company’s stock valued at $17,547,000 after buying an additional 40,383 shares during the last quarter. Retirement Systems of Alabama increased its position in QEP Resources by 0.6% in the 2nd quarter. Retirement Systems of Alabama now owns 309,622 shares of the pipeline company’s stock valued at $2,239,000 after acquiring an additional 1,930 shares during the period. Nisa Investment Advisors LLC acquired a new position in QEP Resources in the 2nd quarter valued at about $262,000. CWM Advisors LLC raised its stake in QEP Resources by 36.7% during the 2nd quarter. CWM Advisors LLC now owns 29,951 shares of the pipeline company’s stock valued at $217,000 after acquiring an additional 8,046 shares during the last quarter. Finally, CAPROCK Group Inc. purchased a new stake in QEP Resources during the 2nd quarter valued at approximately $72,000. 99.77% of the stock is currently owned by institutional investors.

NYSE:QEP traded up $0.22 during midday trading on Friday, hitting $3.38. 7,668,624 shares of the company were exchanged, compared to its average volume of 6,000,370. The company has a fifty day simple moving average of $3.33 and a 200 day simple moving average of $4.75. QEP Resources has a fifty-two week low of $2.58 and a fifty-two week high of $9.01. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.75. The company has a market capitalization of $777.58 million, a PE ratio of -19.88 and a beta of 2.02.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be paid a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 2.37%. The ex-dividend date of this dividend is Thursday, November 14th. QEP Resources’s dividend payout ratio is currently -47.06%.

QEP Resources Company Profile

QEP Resources, Inc operates as a crude oil and natural gas exploration and production company in the United States. The company conducts exploration and production activities in the Permian Basin in Western Texas; and Williston Basin in North Dakota. As of December 31, 2018, it had estimated proved reserves of approximately 658.2 MMboe.

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