Analysts Advise About QEP Resources, Inc. (NYSE:QEP)
QEP Resources, Inc. (NYSE:QEP) stock is presently standing at about $12.92 and lots of equity research firms seem to have a target price set on the stock. The median one-year price target of 18 analysts covering the company is $22.50, which suggests the stock could still rise over 43 percent. The highest analyst price target is $33.00, which implies a rally of -55 percent. And a quick view of analyst notes show that 9 are rating the stock a buy while 6 rate QEP a strong buy. There are 4 equity research firms advocating a Hold and 0 consider it Sell.
Wells Fargo analysts provided their view on QEP Resources, Inc. (NYSE:QEP) recently. The rating firm issued a Outperform rating to this company in a research note released on Feb 10, 2017. FBR & Co. analysts disclosed their opinion on QEP Resources, Inc. (NYSE:QEP) recently. The rating firm gave a Outperform rating to this stock in a research note published on Jan 03, 2017. According to a research note disclosed on Aug 03, 2016, analysts at Barclays have upped their rating on these shares from Equal Weight to Overweight.
QEP Resources, Inc. (NYSE:QEP) Transactions Roundup
Several insiders were part of recent insider activity for the stock. Its Director BAKER PHILLIPS S JR Purchased 7,000 company shares for 99470, in a transaction on 2017-02-24. Following the transaction, the Director is left with a stake of 21,897 shares, currently valued at $282909. Meanwhile, President and CEO STANLEY CHARLES B purchased 16,763 shares worth $299220, through a transaction dated 2016-06-30. Following the completion of the transaction, the insider is left with a stake of 779,667 shares, amounting $10073297.64. QEP President and CEO STANLEY CHARLES B also purchased 16,763 shares, at a stock price of $17.85. This transaction occurred on 2016-06-30 totals $299220. After this transaction, the insider’s stake stands at 759,116 shares, with a market value of $9807779.
Executives hold 1.04 percent of the stock. Charles B. Stanley is one of the biggest insider owners in QEP Resources, Inc. (NYSE:QEP), according to U.S. Securities and Exchange Commission (SEC) filings. The insider owns 774,007 shares which have current market value of around $10000170.44.Mr. Keith O. Rattie is another major inside shareholder in the company. The insider owns 427,247 shares as of 0.18%, currently worth $5520031.24. Richard J. Doleshek is ranked as third insider holder of the stock. This insider holds 292,039 shares with a market value around $3773143.88 as of recent close.
QEP Resources, Inc. (NYSE:QEP) Earnings Outlook
In QEP Resources, Inc. (NYSE:QEP)’s latest quarter, EPS moved to $-0.15 from $-0.21 in preceding quarter and revenues reached at $399.70M compared to $382.40M. Analysts had expected QEP Resources, Inc. (NYSE:QEP) to post net income of about $-0.22 per share on $395.90M in revenue. Looking ahead, analysts on average predict that earnings for the current quarter would come in in the range of $-0.50 to $-0.05. That is compared with the $-0.53 in EPS it reported during the same period a year ago.