Qep Resources (NYSE:QEP) shares traded 2.89% up during most recent session to reach at the closing price of $7.83. The stock exchanged hands 3.18 Million shares versus average trading capacity of 6.62 Million shares, yielding a market cap of $1.9 Billion. Wall Street analysts covering the stock are projecting that the stock will reach $10.46 within the next 52-weeks. The mean target projections are based on 17 opinions.
Taking a broader look brokerage firms’ analysts on the street with an expectant view have Qep Resources (NYSE:QEP) high price target of $20 and with a conservative view have low price target of $8.
PiperJaffray “Maintained” Qep Resources (NYSE:QEP) in a research note issued to investors on 11/21/18 to Neutral with price target of $13.
Additionally on 11/20/18 Credit Suisse “Upgrades” Qep Resources (NYSE:QEP) to Neutral setting price target at $0 and on 11/07/18 Tudor Pickering “Upgrades” the stock to Buy at $0. Furthermore on 10/24/18 Wells Fargo “Downgrades” the stock to Market Perform at $14.
On the other hand the company has Relative Strength Index (RSI 14) of 48.34 along with Average True Range (ATR 14) of 0.28, Consequently Qep Resources (NYSE:QEP)’s weekly and monthly volatility is 3.57%, 3.46% respectively. The company’s beta value is at 2.15.
In terms of Buy, Sell or Hold recommendations, Qep Resources (NYSE:QEP) has analysts’ mean recommendation of 2.5. 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 $-0.1 and can go high up to $0.15. The consensus mean EPS for the current quarter is at $0.01 derived from a total of 12 estimates from the analysts who have weighed in on projected earnings. However the company reported $-0.2 earnings per share for the same quarter during last year.
Previously Qep Resources (NYSE:QEP) reported $-0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by $-0.16. The company posted an earnings surprise of -533.3%.
Qep Resources (NYSE:QEP)’s revenue estimates for the current quarter are $301.02 Million according to 7 number of analysts, for the current quarter the company has high revenue estimates of $342.4 Million in contradiction of low revenue estimates of $267.05 Million. For the current year the company’s revenue estimates are $1.24 Billion compared to low analyst estimates of $1.04 Billion and high estimates of $1.37 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 0%. However the six-month change in the insider ownership was recorded 0%, as well as three-month change in the institutional ownership was recorded 5.04%.
Qep Resources (NYSE:QEP)’s trailing twelve month revenues are $1.93 Billion, whereas its price to sales ratio for the same period is 0.98. Its book value per share for the most recent quarter is $11.62 while its price to book ratio for the same period is 0.67, as for as the company’s cash per share for the most recent quarter is $0, however its price to cash per share ratio for the same period is 0. The stock has 5 year expected PEG ratio of 0 whereas its trailing twelve month P/E ratio is 0.