Qep Resources (NYSE:QEP) shares traded 1.5% up during most recent session to reach at the closing price of $11.48. The stock exchanged hands 3.4 Million shares versus average trading capacity of 4.96 Million shares, yielding a market cap of $2.76 Billion. Wall Street analysts covering the stock are projecting that the stock will reach $18.95 within the next 52-weeks. The mean target projections are based on 20 opinions.
Taking a broader look brokerage firms’ analysts on the street with an expectant view have Qep Resources (NYSE:QEP) high price target of $33 and with a conservative view have low price target of $13.
Stifel Nicolaus “Initiates Coverage On” Qep Resources (NYSE:QEP) in a research note issued to investors on 4/13/17 to Buy with price target of $21.
Additionally on 3/21/17 Mizuho “Downgrades” Qep Resources (NYSE:QEP) to Neutral setting price target at $0 and on 2/10/17 Wells Fargo “Upgrades” the stock to Outperform at $0. Furthermore on 1/03/17 FBR Capital “Upgrades” the stock to Outperform at $24.
On the other hand the company has Relative Strength Index (RSI 14) of 45.77 along with Average True Range (ATR 14) of 0.47, Consequently Qep Resources (NYSE:QEP)’s weekly and monthly volatility is 3.16%, 4.12% respectively. The company’s beta value is at 1.8.
In terms of Buy, Sell or Hold recommendations, Qep Resources (NYSE:QEP) has analysts’ mean recommendation of 2. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.
According to analysts Qep Resources (NYSE:QEP)’s minimum EPS for the current quarter is at $-0.31 and can go high up to $-0.1. The consensus mean EPS for the current quarter is at $-0.19 derived from a total of 16 estimates from the analysts who have weighed in on projected earnings. However the company reported $-0.23 earnings per share for the same quarter during last year.
Previously Qep Resources (NYSE:QEP) reported $-0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $-0.23 by $0.09. The company posted an earnings surprise of 39.1%.
While considering growth estimates of the company, it has next quarter growth estimates of 19% whereas during current quarter it has 17.4% estimations over growth, comparing to the estimations of 33.3% during current year and 55.7% for next year. Past 5 years growth of Qep Resources (NYSE:QEP) observed at -40.56%, looking forward for the next 5 years it has a strong prediction of 8% over growth.
Qep Resources (NYSE:QEP)’s revenue estimates for the current quarter are $430.7 Million according to 8 number of analysts, for the current quarter the company has high revenue estimates of $470 Million in contradiction of low revenue estimates of $400.85 Million. For the current year the company’s revenue estimates are $1.82 Billion compared to low analyst estimates of $1.68 Billion and high estimates of $1.95 Billion according to 8 number of analysts.
Currently Qep Resources (NYSE:QEP)’s shares owned by insiders are 0.7%, whereas shares owned by institutional owners are 95.8%. However the six-month change in the insider ownership was recorded 0.41%, as well as three-month change in the institutional ownership was recorded 3.49%.
Qep Resources (NYSE:QEP) 52-week high price stands at $21.12 and low price stands at $10.64, its price distance from 52-week high is -45.64% while its distance from 52-week low price is 7.89%. The stock hit its 52-week high on 12/12/16, and 52-week low on 05/04/17.
Qep Resources (NYSE:QEP)’s trailing twelve month revenues are $1.54 Billion, whereas its price to sales ratio for the same period is 1.84. Its book value per share for the most recent quarter is $14.92 while its price to book ratio for the same period is 0.77, as for as the company’s cash per share for the most recent quarter is $1.37, however its price to cash per share ratio for the same period is 8.36. The stock has 5 year expected PEG ratio of 0 whereas its trailing twelve month P/E ratio is 0.