Brokerages expect QEP Resources Inc (NYSE:QEP) to announce earnings of $0.01 per share for the current fiscal quarter, according to Zacks. Eight analysts have made estimates for QEP Resources’ earnings, with estimates ranging from ($0.11) to $0.15. QEP Resources reported earnings per share of ($0.10) in the same quarter last year, which would indicate a positive year over year growth rate of 110%. The business is expected to report its next quarterly earnings results on Wednesday, October 24th.

On average, analysts expect that QEP Resources will report full year earnings of ($0.15) per share for the current financial year, with EPS estimates ranging from ($0.39) to $0.06. For the next fiscal year, analysts expect that the business will post earnings of $0.27 per share, with EPS estimates ranging from ($0.47) to $0.71. 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 earnings results on Wednesday, July 25th. The pipeline company reported $0.06 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.12) by $0.18. QEP Resources had a negative net margin of 13.63% and a positive return on equity of 5.96%. The company had revenue of $532.40 million for the quarter, compared to analysts’ expectations of $434.12 million. During the same period in the prior year, the business earned ($0.12) EPS. The firm’s quarterly revenue was up 38.8% on a year-over-year basis.

Several research analysts have issued reports on the stock. KLR Group reiterated a “buy” rating and set a $14.00 target price on shares of QEP Resources in a report on Monday, August 20th. Williams Capital reiterated a “buy” rating and set a $18.00 target price on shares of QEP Resources in a report on Monday, July 23rd. Oppenheimer assumed coverage on shares of QEP Resources in a report on Wednesday, October 3rd. They set an “outperform” rating and a $15.00 target price on the stock. Johnson Rice cut shares of QEP Resources from a “buy” rating to an “accumulate” rating in a report on Thursday, July 26th. Finally, TheStreet cut shares of QEP Resources from a “c-” rating to a “d+” rating in a report on Thursday, August 9th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company’s stock. QEP Resources currently has an average rating of “Hold” and a consensus target price of $13.20.

QEP Resources stock traded up $0.09 during midday trading on Thursday, hitting $11.23. 167,177 shares of the company’s stock were exchanged, compared to its average volume of 5,135,257. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.34 and a quick ratio of 0.34. QEP Resources has a 12 month low of $7.04 and a 12 month high of $13.77. The stock has a market cap of $2.68 billion, a price-to-earnings ratio of 14.48 and a beta of 1.29.

Large investors have recently added to or reduced their stakes in the company. CastleArk Alternatives LLC bought a new stake in shares of QEP Resources in the 2nd quarter valued at about $113,000. Point72 Asia Hong Kong Ltd acquired a new stake in QEP Resources in the 1st quarter worth approximately $126,000. Cubist Systematic Strategies LLC boosted its stake in QEP Resources by 80.4% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 13,142 shares of the pipeline company’s stock worth $161,000 after purchasing an additional 5,858 shares in the last quarter. Iberiabank Corp acquired a new stake in QEP Resources in the 3rd quarter worth approximately $182,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in QEP Resources in the 2nd quarter worth approximately $225,000. Institutional investors and hedge funds own 99.19% of the company’s stock.

About QEP Resources

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

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