News coverage about QEP Resources (NYSE:QEP) has trended somewhat negative recently, according to Alpha One Sentiment. Alpha One, a unit of Accern, rates the sentiment of media coverage by reviewing more than 20 million news and blog sources in real-time. Alpha One ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. QEP Resources earned a news impact score of -0.04 on Alpha One’s scale. Alpha One also gave news coverage about the pipeline company an impact score of 63 out of 100, indicating that recent media coverage is somewhat likely to have an effect on the company’s share price in the next few days.
These are some of the news articles that may have effected AlphaOne Sentiment Analysis’s scoring:
- QEP Resources, Inc. (QEP) Earns Market Perform Rating from Analysts at Wolfe Research (americanbankingnews.com)
- QEP Resources, Inc. (QEP) Upgraded by BidaskClub to “Sell” (americanbankingnews.com)
- Fed’s Meeting Could Drive Crude Oil Prices This Week (finance.yahoo.com)
- Head-To-Head Survey: Kimbell Royalty Partners (KRP) vs. QEP Resources (QEP) (americanbankingnews.com)
- QEP Resources Inc (QEP) Expected to Post Quarterly Sales of $420.38 Million (americanbankingnews.com)
QEP has been the topic of a number of research reports. Stifel Nicolaus initiated coverage on shares of QEP Resources in a research note on Wednesday, April 12th. They set a “buy” rating and a $21.00 target price on the stock. Mizuho lowered shares of QEP Resources from a “buy” rating to a “neutral” rating and set a $13.00 price target on the stock. in a report on Tuesday, March 21st. KLR Group lifted their price target on shares of QEP Resources from $22.00 to $23.00 and gave the stock a “buy” rating in a report on Friday, April 28th. Barclays PLC reiterated an “overweight” rating and set a $16.00 price target (down previously from $20.00) on shares of QEP Resources in a report on Saturday, April 22nd. Finally, Deutsche Bank AG cut their price target on shares of QEP Resources from $22.00 to $18.00 and set a “buy” rating on the stock in a report on Tuesday, March 7th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $21.46.
Shares of QEP Resources (NYSE:QEP) traded down 0.33% during trading on Friday, hitting $9.06. 10,166,616 shares of the stock traded hands. The firm’s market cap is $2.18 billion. QEP Resources has a 12 month low of $8.78 and a 12 month high of $21.12. The company has a 50 day moving average price of $10.70 and a 200 day moving average price of $14.54.
QEP Resources (NYSE:QEP) last posted its quarterly earnings results on Wednesday, April 26th. The pipeline company reported ($0.14) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.21) by $0.07. The firm had revenue of $420.10 million for the quarter, compared to analysts’ expectations of $402.16 million. QEP Resources had a negative net margin of 19.81% and a negative return on equity of 4.78%. The business’s revenue for the quarter was up 60.8% on a year-over-year basis. During the same period in the prior year, the business posted ($0.53) earnings per share. Analysts anticipate that QEP Resources will post ($0.70) earnings per share for the current fiscal year.
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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.
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