Brokerages Anticipate QEP Resources Inc (NYSE:QEP) Will Post Earnings of $0.05 Per Share

Wall Street analysts expect that QEP Resources Inc (NYSE:QEP) will report earnings per share (EPS) of $0.05 for the current fiscal quarter, according to Zacks. Six analysts have provided estimates for QEP Resources’ earnings, with the lowest EPS estimate coming in at ($0.05) and the highest estimate coming in at $0.14. QEP Resources reported earnings per share of $0.06 in the same quarter last year, which suggests a negative year-over-year growth rate of 16.7%. The company is scheduled to announce its next earnings results on Wednesday, July 24th.

According to Zacks, analysts expect that QEP Resources will report full year earnings of $0.44 per share for the current financial year, with EPS estimates ranging from $0.10 to $0.83. For the next financial year, analysts expect that the business will report earnings of $1.03 per share, with EPS estimates ranging from $0.25 to $2.84. Zacks’ earnings per share calculations are a mean average based on a survey of research firms that cover QEP Resources.

QEP Resources (NYSE:QEP) last issued its quarterly earnings data on Wednesday, April 24th. The pipeline company reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.17. QEP Resources had a negative net margin of 60.23% and a positive return on equity of 1.91%. The business had revenue of $280.60 million during the quarter, compared to analysts’ expectations of $289.23 million. During the same period last year, the company posted ($0.20) EPS. The business’s revenue was down 34.6% on a year-over-year basis.

QEP has been the subject of a number of recent research reports. Wells Fargo & Co reissued a “buy” rating on shares of SM Energy in a research note on Friday, April 12th. Zacks Investment Research lowered shares of Horiba from a “hold” rating to a “sell” rating in a report on Wednesday, May 22nd. CIBC lowered their target price on shares of Crew Energy from C$1.50 to C$1.00 in a report on Tuesday, July 9th. Oppenheimer raised their target price on shares of Valeritas from $1.25 to $12.00 and gave the stock an “outperform” rating in a report on Tuesday, July 9th. Finally, SunTrust Banks set a $75.00 target price on shares of Cimarex Energy and gave the stock a “hold” rating in a report on Tuesday, April 23rd. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $11.09.

Several institutional investors have recently added to or reduced their stakes in the company. Royal London Asset Management Ltd. bought a new stake in QEP Resources during the 1st quarter valued at about $49,000. Quadrant Capital Group LLC lifted its holdings in QEP Resources by 2,702.9% during the 1st quarter. Quadrant Capital Group LLC now owns 6,755 shares of the pipeline company’s stock valued at $50,000 after buying an additional 6,514 shares in the last quarter. Weiss Multi Strategy Advisers LLC bought a new stake in QEP Resources during the 4th quarter valued at about $67,000. CWM Advisors LLC lifted its holdings in QEP Resources by 38.3% during the 4th quarter. CWM Advisors LLC now owns 15,018 shares of the pipeline company’s stock valued at $85,000 after buying an additional 4,162 shares in the last quarter. Finally, Jane Street Group LLC lifted its holdings in QEP Resources by 107.2% during the 4th quarter. Jane Street Group LLC now owns 15,321 shares of the pipeline company’s stock valued at $86,000 after buying an additional 226,747 shares in the last quarter. Hedge funds and other institutional investors own 99.22% of the company’s stock.

Shares of NYSE:QEP traded down $0.99 on Monday, reaching $5.32. The company’s stock had a trading volume of 19,852,193 shares, compared to its average volume of 6,192,478. QEP Resources has a 52-week low of $5.00 and a 52-week high of $12.53. The company has a market cap of $1.50 billion, a P/E ratio of -31.29 and a beta of 1.93. The business has a 50-day moving average price of $6.60. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.79.

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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