QEP Resources Inc (NYSE:QEP) – Stock analysts at Capital One Financial dropped their Q1 2019 earnings estimates for QEP Resources in a research note issued on Tuesday, January 8th. Capital One Financial analyst B. Velie now expects that the pipeline company will post earnings per share of $0.07 for the quarter, down from their prior forecast of $0.24. Capital One Financial currently has a “Equal Weight” rating on the stock. Capital One Financial also issued estimates for QEP Resources’ Q2 2019 earnings at $0.08 EPS, Q3 2019 earnings at $0.16 EPS, Q4 2019 earnings at $0.17 EPS and FY2019 earnings at $0.48 EPS.
QEP Resources (NYSE:QEP) last posted its earnings results on Wednesday, November 7th. The pipeline company reported $0.17 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.01) by $0.18. QEP Resources had a positive return on equity of 7.86% and a negative net margin of 11.89%. The firm had revenue of $560.80 million for the quarter, compared to analyst estimates of $497.45 million. During the same quarter in the prior year, the company earned ($0.10) EPS. QEP Resources’s revenue was up 43.8% on a year-over-year basis.
QEP opened at $8.51 on Thursday. QEP Resources has a 12-month low of $5.00 and a 12-month high of $13.77. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.73. The stock has a market cap of $2.01 billion, a P/E ratio of 11.12, a PEG ratio of 1.74 and a beta of 1.61.
Several institutional investors and hedge funds have recently added to or reduced their stakes in QEP. CastleArk Alternatives LLC purchased a new position in shares of QEP Resources in the 2nd quarter valued at about $113,000. Tower Research Capital LLC TRC increased its holdings in shares of QEP Resources by 298.0% in the 3rd quarter. Tower Research Capital LLC TRC now owns 10,550 shares of the pipeline company’s stock valued at $119,000 after acquiring an additional 7,899 shares during the last quarter. Cubist Systematic Strategies LLC increased its holdings 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 valued at $161,000 after acquiring an additional 5,858 shares during the last quarter. Iberiabank Corp acquired a new stake in shares of QEP Resources in the 3rd quarter valued at about $182,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of QEP Resources in the 2nd quarter valued at about $225,000. 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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