Somewhat Positive News Coverage Somewhat Unlikely to Affect QEP Resources (QEP) Stock Price
Media coverage about QEP Resources (NYSE:QEP) has been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group rates the sentiment of media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. QEP Resources earned a coverage optimism score of 0.10 on Accern’s scale. Accern also assigned media coverage about the pipeline company an impact score of 47.3200107246231 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the news headlines that may have effected Accern’s analysis:
- QEP Resources, Inc. — Moody’s places QEP Resources’ ratings under review for downgrade (finance.yahoo.com)
- QEP Resources Inc to Post Q2 2018 Earnings of ($0.02) Per Share, Capital One Financial Forecasts (QEP) (americanbankingnews.com)
- Energy stock to watch: QEP Resources Inc(NYSE: QEP) – FXDailyReport.com (fxdailyreport.com)
- QEP Resources, Inc. (NYSE:QEP) – Stock’s Earnings Per Share (EPS) to Watch – Nasdaq Journal (nasdaqjournal.com)
- Why QEP Resources Inc Stock Is Soaring Today – Motley Fool (fool.com)
Shares of QEP Resources (QEP) opened at $9.63 on Friday. The company has a quick ratio of 1.54, a current ratio of 1.55 and a debt-to-equity ratio of 0.52. The stock has a market cap of $2,076.86, a price-to-earnings ratio of 8.60, a price-to-earnings-growth ratio of 10.43 and a beta of 1.70. QEP Resources has a 12-month low of $7.02 and a 12-month high of $14.31.
QEP Resources announced that its board has initiated a stock repurchase program on Wednesday, February 28th that authorizes the company to repurchase $1.25 billion in outstanding shares. This repurchase authorization authorizes the pipeline company to purchase shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.
QEP has been the topic of a number of research analyst reports. Zacks Investment Research upgraded shares of QEP Resources from a “hold” rating to a “buy” rating and set a $11.00 target price on the stock in a research note on Tuesday, December 26th. Credit Suisse Group initiated coverage on shares of QEP Resources in a research note on Monday, December 11th. They issued an “underperform” rating and a $9.00 target price on the stock. Williams Capital initiated coverage on shares of QEP Resources in a research note on Friday, December 8th. They issued a “buy” rating and a $13.00 target price on the stock. Mizuho set a $15.00 target price on shares of QEP Resources and gave the company a “buy” rating in a research note on Tuesday, January 16th. Finally, ValuEngine lowered shares of QEP Resources from a “sell” rating to a “strong sell” rating in a research note on Friday, February 2nd. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $12.84.
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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