QEP Resources (NYSE:QEP) Given Daily News Impact Score of 0.12
Media stories about QEP Resources (NYSE:QEP) have trended somewhat positive this week, Accern reports. Accern ranks the sentiment of news coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. QEP Resources earned a coverage optimism score of 0.12 on Accern’s scale. Accern also gave news headlines about the pipeline company an impact score of 45.8699748778496 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the headlines that may have effected Accern Sentiment’s analysis:
- Qep Resources In Has Returned 59.5% Since SmarTrend Recommendation (QEP) (mysmartrend.com)
- Alliancebernstein LP Buys A Little More QEP Resources, Inc. (QEP) Stock (wisdomsave.com)
- ETFs with exposure to QEP Resources, Inc. : August 11, 2017 (finance.yahoo.com)
- QEP Likes Its Permian Deal Despite Initial Market Reaction (finance.yahoo.com)
- EnerCom will feature Marcellus, Williston, DJ, Permian, Eagle Ford, GOM Producers at The Oil & Gas Conference(R) in Denver (finance.yahoo.com)
QEP Resources (NYSE QEP) traded up 0.83% on Friday, hitting $7.30. The stock had a trading volume of 2,961,322 shares. QEP Resources has a 52-week low of $7.14 and a 52-week high of $21.12. The firm’s 50-day moving average is $8.90 and its 200-day moving average is $11.82. The company’s market cap is $1.76 billion.
QEP Resources (NYSE:QEP) last announced its quarterly earnings data on Wednesday, July 26th. The pipeline company reported ($0.12) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.20) by $0.08. The business had revenue of $383.70 million for the quarter, compared to analysts’ expectations of $413.27 million. QEP Resources had a negative return on equity of 4.24% and a negative net margin of 3.90%. The company’s revenue for the quarter was up 15.0% compared to the same quarter last year. During the same period last year, the firm earned ($0.23) earnings per share. Equities research analysts anticipate that QEP Resources will post ($0.62) earnings per share for the current fiscal year.
A number of equities research analysts recently issued reports on QEP shares. Credit Suisse Group started coverage on QEP Resources in a research note on Thursday, June 1st. They set a “neutral” rating and a $15.00 price target for the company. KLR Group raised their price target on QEP Resources from $22.00 to $23.00 and gave the stock a “buy” rating in a research note on Friday, April 28th. Wolfe Research started coverage on QEP Resources in a research note on Thursday, June 15th. They set a “market perform” rating for the company. BidaskClub lowered QEP Resources from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 27th. Finally, Barclays PLC reaffirmed an “overweight” rating and set a $16.00 target price (down from $20.00) on shares of QEP Resources in a research report on Saturday, April 22nd. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $16.53.
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In related news, Director Julie Dill acquired 5,000 shares of QEP Resources stock in a transaction dated Friday, July 28th. The shares were acquired at an average cost of $8.49 per share, for a total transaction of $42,450.00. Following the completion of the purchase, the director now owns 5,525 shares in the company, valued at $46,907.25. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Richard J. Doleshek acquired 12,500 shares of QEP Resources stock in a transaction dated Friday, July 28th. The stock was bought at an average price of $7.91 per share, for a total transaction of $98,875.00. Following the completion of the purchase, the chief financial officer now owns 304,539 shares of the company’s stock, valued at approximately $2,408,903.49. The disclosure for this purchase can be found here. 1.36% of the stock is currently owned by company insiders.
About QEP Resources
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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