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

Brokerages expect that QEP Resources Inc (NYSE:QEP) will report earnings per share (EPS) of $0.07 for the current quarter, according to Zacks Investment Research. Six analysts have provided estimates for QEP Resources’ earnings. The lowest EPS estimate is $0.02 and the highest is $0.10. QEP Resources posted earnings per share of ($0.13) during the same quarter last year, which would indicate a positive year-over-year growth rate of 153.8%. The firm is expected to announce its next earnings results on Wednesday, February 19th.

On average, analysts expect that QEP Resources will report full-year earnings of $0.23 per share for the current financial year, with EPS estimates ranging from $0.18 to $0.26. For the next fiscal year, analysts expect that the business will post earnings of $0.57 per share, with EPS estimates ranging from $0.43 to $0.75. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that cover QEP Resources.

QEP Resources (NYSE:QEP) last announced its quarterly earnings results on Wednesday, October 23rd. The pipeline company reported $0.05 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.05. The company had revenue of $307.50 million for 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 business’s quarterly revenue was down 45.2% compared to the same quarter last year. During the same period last year, the firm posted $0.17 earnings per share.

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

QEP traded up $0.04 during trading on Friday, hitting $3.27. The company had a trading volume of 48,777 shares, compared to its average volume of 5,774,829. The firm’s 50-day moving average price is $3.32 and its 200 day moving average price is $4.84. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.75. QEP Resources has a one year low of $2.58 and a one year high of $9.01. The company has a market capitalization of $777.58 million, a PE ratio of -19.53 and a beta of 2.02.

The business 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 $0.02 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $0.08 dividend on an annualized basis and a yield of 2.45%. QEP Resources’s dividend payout ratio (DPR) is currently -47.06%.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Retirement Systems of Alabama grew its stake 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 buying an additional 1,930 shares during the last quarter. Meeder Asset Management Inc. boosted its holdings in QEP Resources by 2.0% in the 2nd quarter. Meeder Asset Management Inc. now owns 132,942 shares of the pipeline company’s stock valued at $962,000 after purchasing an additional 2,596 shares during the period. US Bancorp DE boosted its holdings in QEP Resources by 13.7% in the 2nd quarter. US Bancorp DE now owns 23,596 shares of the pipeline company’s stock valued at $170,000 after purchasing an additional 2,839 shares during the period. Arizona State Retirement System boosted its holdings in QEP Resources by 1.8% in the 2nd quarter. Arizona State Retirement System now owns 172,767 shares of the pipeline company’s stock valued at $1,249,000 after purchasing an additional 3,042 shares during the period. Finally, Marshall Wace LLP boosted its holdings in QEP Resources by 1.3% in the 2nd quarter. Marshall Wace LLP now owns 250,495 shares of the pipeline company’s stock valued at $1,811,000 after purchasing an additional 3,152 shares during the period. Institutional investors and hedge funds own 99.77% of the company’s stock.

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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Earnings History and Estimates for QEP Resources (NYSE:QEP)

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