QEP - QEP Resources, Inc.

NYSE - NYSE Delayed Price. Currency in USD
4.3000
+0.1700 (+4.12%)
At close: 4:06PM EDT

4.3000 0.00 (0.00%)
After hours: 5:16PM EDT

Stock chart is not supported by your current browser
Previous Close4.1300
Open4.1800
Bid4.1100 x 3100
Ask4.3000 x 1800
Day's Range4.1300 - 4.3300
52 Week Range3.3400 - 12.0500
Volume8,994,338
Avg. Volume6,707,757
Market Cap1.023B
Beta (3Y Monthly)2.05
PE Ratio (TTM)N/A
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & Yield0.08 (1.93%)
Ex-Dividend Date2019-08-19
1y Target EstN/A
Trade prices are not sourced from all markets
  • QEP Resources (QEP) Down 2.7% Since Last Earnings Report: Can It Rebound?
    Zacks

    QEP Resources (QEP) Down 2.7% Since Last Earnings Report: Can It Rebound?

    QEP Resources (QEP) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

  • GuruFocus.com

    Weekly CFO Buys Highlight

    Insiders invest in KLX Energy Services, QEP Resources Continue reading...

  • Thomson Reuters StreetEvents

    Edited Transcript of QEP earnings conference call or presentation 7-Aug-19 1:00pm GMT

    Q2 2019 QEP Resources Inc Earnings Call

  • GuruFocus.com

    Qep Resources Inc (QEP) EVP, CFO Richard J Doleshek Bought $87,500 of Shares

    EVP, CFO of Qep Resources Inc (30-Year Financial, Insider Trades) Richard J Doleshek (insider trades) bought 25,000 shares of QEP on 08/23/2019 at an average price of $3.5 a share. Continue reading...

  • QEP Resources (QEP) Posts Q2 Loss, Resumes Dividend, Ups View
    Zacks

    QEP Resources (QEP) Posts Q2 Loss, Resumes Dividend, Ups View

    QEP Resources (QEP) delivers lackluster Q2 performance amid weak commodity price realizations.

  • GuruFocus.com

    Qep Resources Inc (QEP) President & CEO Timothy J. Cutt Bought $60,600 of Shares

    President & CEO of Qep Resources Inc (30-Year Financial, Insider Trades) Timothy J. Cutt (insider trades) bought 15,000 shares of QEP on 08/09/2019 at an average price of $4.04 a share. Continue reading...

  • QEP Resources (QEP) Q2 2019 Earnings Call Transcript
    Motley Fool

    QEP Resources (QEP) Q2 2019 Earnings Call Transcript

    QEP earnings call for the period ending June 30, 2019.

  • QEP Resources, private equity firm reach deal over restructured oil company
    American City Business Journals

    QEP Resources, private equity firm reach deal over restructured oil company

    Denver-based QEP Resources reached a deal Wednesday with a private equity firm that tried to buy the oil and gas company, in a cooperation agreement that will keep the company independent. “As we evaluated opportunities, it became apparent that none of the transaction proposals recognized the intrinsic value of our assets,” said Tim Cutt, president and CEO of QEP Resources (NYSE: QEP). “We believe, with our new strategy, we can deliver long-term value to our shareholders from those assets.” The deal between QEP and Elliott Management Corp. will keep the New York City-based private equity investor from increasing its stake in QEP or trying to take control of the business until after June 30, 2020.

  • Reuters

    UPDATE 1-Elliott scraps bid for QEP, to help identify independent directors

    Hedge fund Elliott Management Corp has scrapped its bid for Denver-based QEP Resources Inc and will instead work with the company to identify two board nominees, the oil and gas producer said on Wednesday. Elliott, which owns about 4.9% in QEP, in January offered to buy the company for $2.07 billion, saying QEP remained undervalued despite its focus on the lucrative Permian Basin, the largest U.S. shale oilfield. QEP said it will create a five-person operations committee, chaired by Chief Executive Officer Tim Cutt, that will include two current independent directors and two new board members as part of the agreement with Elliott.

  • QEP Resources (QEP) Reports Q2 Loss, Tops Revenue Estimates
    Zacks

    QEP Resources (QEP) Reports Q2 Loss, Tops Revenue Estimates

    QEP Resources (QEP) delivered earnings and revenue surprises of -233.33% and 0.55%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?

  • Reuters

    QEP Resources to stay independent, to work with Elliott on board

    QEP Resources Inc said on Wednesday it will remain an independent company and will work with Elliott Management Corp to identify two board nominees, several months after the hedge fund offered to buy the Permian-focused oil and gas producer. Elliott, which owns about 4.9% stake in the company, in January offered to buy QEP for $2.07 billion. QEP said it will also create a five-person operations committee, chaired by Chief Executive Officer Tim Cutt, that will include two current independent directors and two new board members as part of the agreement with Elliott.

  • Implied Volatility Surging for QEP Resources (QEP) Stock Options
    Zacks

    Implied Volatility Surging for QEP Resources (QEP) Stock Options

    Investors need to pay close attention to QEP Resources (QEP) stock based on the movements in the options market lately.

  • Despite Occidental's deal for Anadarko, oil and gas M&A is in the doldrums
    American City Business Journals

    Despite Occidental's deal for Anadarko, oil and gas M&A is in the doldrums

    Dealmaking in oil and gas has tailed off in 2019, and it’s not clear what might kick the industry’s mergers and acquisitions back to life. Oil and gas producers have not been clinching deals at their historic rate, despite the $57 billion deal of Occidental Petroleum (NYSE: OXY) buying The Woodlands, Texas-based Anadarko Petroleum Corp., the biggest oil and gas producer in Colorado’s Denver-Julesburg Basin. Leaving out the Anadarko (NYSE: APC) deal, the $9.2 billion in mergers and acquisition activity so far this year amounts to less than a quarter of the $38 billion people could expect over that time based on quarterly averages the past two years, according to Drillinginfo.com.

  • Only Natural Gas Prices Can Save Southwestern Energy Stock
    InvestorPlace

    Only Natural Gas Prices Can Save Southwestern Energy Stock

    By any fundamental measure, Southwestern Energy (NYSE:SWN) looks ridiculously undervalued. Based on consensus 2019 EPS of $0.67, the Southwestern Energy stock price is just 3.3x earnings. Asset-based valuations, too, look favorable: Southwestern Energy trades at just 0.4x tangible book value.Of course, the reason SWN stock looks so cheap is not that earnings or book value are growing. Rather, the price keeps dropping. Southwestern Energy stock touched a 15-year low last week. Even after a bounce driven by either short-covering, bottom-timers, or both, shares still have fallen 56% over the past year. They've lost nearly 95% of their value in the last five years.InvestorPlace - Stock Market News, Stock Advice & Trading TipsShareholders and traders might see next week's earnings report as a chance for SWN stock to reverse that trend. That seems unlikely to happen. There is an interesting case for Southwestern Energy stock at these levels, as a high-risk play. But SWN stock hasn't fallen because of earnings, and it's not likely to rise because of them, either. * 7 A-Rated Stocks Under $10 The Natural Gas Problem for Southwestern Energy StockThe problem for SWN is reasonably simple: natural gas prices are plunging. Futures hit a 3-year low last month. Henry Hub spot prices are flirting with decade-long lows reached in early 2016.And as a producer leveraged mostly to those natural gas prices, Southwestern Energy is going to feel the pressure. The stock is cheap looking at 2019 (and 2018) earnings, but that's not what drives the valuation of a stock. It's forward-looking performance that matters, and right now the market sees pressure continuing for some time to come.Indeed, the declines of late aren't confined to SWN. Antero Resources (NYSE:AR) has performed even more poorly over the past year. Range Resources (NYSE:RRC) has been worse over the past three. Larger gas-heavy plays like QEP Resources (NYSE:QEP) and EQT Corporation (NYSE:EQT) have declined sharply as well, showing that even greater scale can't offset lower prices.To be sure, those companies haven't helped their cause, either. Shale players in the U.S., until recently, focused on drilling over profits. As former EQT CEO Steve Schlotterbeck argued last month, the fracking revolution has "been an unmitigated disaster for any buy-and-hold investor in the shale gas industry with very few limited exceptions."Like gold miners, producers theoretically should have the leverage to affect underlying commodity prices. Like gold miners, the effect in practice has been even worse. The Earnings Problem for SWN StockOne quarter simply isn't going to fix that problem for Southwestern Energy. There's a clear lack of trust toward the space. Investors have fled shale gas plays in recent months: SWN has declined by more than half just since mid-April.And even an earnings beat relative to the consensus EPS estimate of $0.10 is unlikely to fix that. Again, earnings are backward-looking; stock prices are forward-looking. Investors see more pressure ahead.Most notably, the natural gas currently being "flared" likely will join the supply once pipeline capacity is put into place. That could force shale gas plays to either pull back on production or face even lower prices.Investors expecting too much from earnings should look at Southwestern Energy's recent history. The stock in fact has beaten consensus EPS expectations in five of the last six quarters. It's obviously done nothing to stop the decline in Southwestern Energy stock. The Case for Timing the BottomEven if earnings are unlikely to be the catalyst, there is a case for SWN stock in the low $2 range. Any optimism toward natural gas can lead to a rally; indeed, modest gains in the commodity led to a nice rally in the past few sessions.After the company's sale of its acreage in the Fayetteville Shale, the balance sheet is in reasonably good shape. The declines aren't necessarily over, but traders and more aggressive investors could bet on a bounce here.I'm not ready to take that bet quite yet, though. We've seen with stocks like Chesapeake Energy (NYSE:CHK) that even "cheap" energy stocks can fall further. Natural gas supply pressure seems unlikely to abate. It might seem like the worst is over for Southwestern Energy, but that's likely not the case.As of this writing, Vince Martin has no positions in any securities mentioned. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 A-Rated Stocks Under $10 * 8 Monthly Dividend Stocks to Buy for Consistent Income * 7 Disruptive Biotech Stocks to Buy for 2025 The post Only Natural Gas Prices Can Save Southwestern Energy Stock appeared first on InvestorPlace.

  • Earnings Preview: QEP Resources (QEP) Q2 Earnings Expected to Decline
    Zacks

    Earnings Preview: QEP Resources (QEP) Q2 Earnings Expected to Decline

    QEP Resources (QEP) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

  • Why J.C. Penney, QEP Resources, and Pacific Biosciences Slumped Today
    Motley Fool

    Why J.C. Penney, QEP Resources, and Pacific Biosciences Slumped Today

    Bad news on several different fronts held these stocks back.

  • Why QEP Resources Stock Is Plunging Today
    Motley Fool

    Why QEP Resources Stock Is Plunging Today

    A potential buyer for the oil and gas driller has reportedly cut its offer.

  • QEP Resources (QEP) Earnings Expected to Grow: What to Know Ahead of Q2 Release
    Zacks

    QEP Resources (QEP) Earnings Expected to Grow: What to Know Ahead of Q2 Release

    QEP Resources (QEP) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

  • Top Ranked Momentum Stocks to Buy for July 11th
    Zacks

    Top Ranked Momentum Stocks to Buy for July 11th

    Top Ranked Momentum Stocks to Buy for July 11th

  • QEP Resources' (QEP) Stock Spikes 16% Yesterday: Here's Why
    Zacks

    QEP Resources' (QEP) Stock Spikes 16% Yesterday: Here's Why

    After scrapping the Williston asset sale amid falling commodity prices, QEP Resources (QEP) has been exploring other strategic options like merging with other firms or selling off the company.

  • Here’s What Hedge Funds Think About QEP Resources Inc (QEP)
    Insider Monkey

    Here’s What Hedge Funds Think About QEP Resources Inc (QEP)

    Looking for stocks with high upside potential? Just follow the big players within the hedge fund industry. Why should you do so? Let’s take a brief look at what statistics have to say about hedge funds’ stock picking abilities to illustrate. The Standard and Poor’s 500 Index returned approximately 12.1% in 2019 (through May 30th). Conversely, hedge […]

  • Is the Options Market Predicting a Spike in QEP Resources (QEP) Stock?
    Zacks

    Is the Options Market Predicting a Spike in QEP Resources (QEP) Stock?

    Investors need to pay close attention to QEP Resources (QEP) stock based on the movements in the options market lately.

  • Here Are the Energy Sector’s Worst Performers Last Week
    Market Realist

    Here Are the Energy Sector’s Worst Performers Last Week

    How the Energy Sector Fared Last Week(Continued from Prior Part)Energy stocksLast week, upstream stock QEP Resources (QEP) fell the most among the stocks in the energy space. The stock is included in the following ETFs:the Alerian MLP ETF (AMLP)

  • 3 Oil Stocks to Drop Now
    InvestorPlace

    3 Oil Stocks to Drop Now

    The stock market knows something policymakers don't: The era of oil stocks is dead.Despite Administration efforts to embargo Iran and Venezuela, and despite fracking's growing control over supply, the price of the U.S. benchmark West Texas Intermediate crude oil remains below where it was last fall. The global price, defined by Brent North Sea oil, dropped $7 per barrel in the month before May 23.A decade that began with an "energy crisis" is ending in a global glut, just as U.S. production reaches a record 12 million barrels a day.InvestorPlace - Stock Market News, Stock Advice & Trading TipsTo keep production high, the Administration is giving the oil companies everything they always wanted. Rules on safety are being abolished. Government-owned lands are being opened for drilling. The Administration is trying to open Alaska to oil exploration.Yet despite what had been the best quarter for prices in a decade and predictions from analysts of even-higher prices, stocks in the oil sector haven't risen in five years. The U.S. Oil Fund (NYSEARCA:USO), an ETF tracking the oil sector, is down 68% over that time, while the S&P 500 is up 46%.How is this possible? It's possible because oil and gas no longer represent cheap energy. Renewable energy, not just efficiency but electricity produced without oil, gas or nuclear fuel, is becoming the cheap energy.The lifetime cost of solar and wind installations, $63.20 per Megawatt-hour, is now below that of coal, and approaching that of natural gas. The solar power expansion that began early this decade in the Far West, spurred by favorable tax laws, has now spread to the heart of the U.S. oilpatch. * 10 Names That Are Screaming Stocks to Buy What should be a golden era in the oilpatch tastes like dust on Wall Street because it has come too late. Exxon Mobil (XOM)Source: Shutterstock Exxon Mobil (NYSE:XOM) stock reached its peak for the year in April, trading at over $83 per share. On May 23, it was trading below $74.At that price, the stock yielded 4.33% in dividends, $3.48 per share, and had a price-to-earnings ratio of 17 … slightly below the market. In 2018, Exxon Mobil earned $4.88 per share, but for the first quarter, it earned only 55 cents per share fully diluted, below analyst estimates.Exxon Mobil is the most diversified of the American oil majors. It produces oil around the world, refines it, and markets it through its own stations. Exxon blamed the first quarter on its refining segment. Its report highlighted a huge new oil find off the coast of Guyana, and a gas find off the coast of Cyprus. Its very diversification is hurting results.The analyst verdict on Exxon Mobil is weakening, with four analysts taking down buy orders and entering the weaker "hold" camp in the last three months. Analysts are worried about Exxon Mobil's ability to generate cash from operations. The best-run company in Houston has become the least-favorite major oil stock. If Exxon Mobil, with its global reach, diversification, yield and $279 billion in 2018 revenue, up almost 20% from 2017, isn't a great investment, what is? Schlumberger (SLB)Source: Shutterstock Oil has become a technology business, and Schlumberger (NYSE:SLB) is its master.Schlumberger technology makes it easier than ever to find oil, to drill for it, and to measure what's going on inside a well. Schlumberger pays a 50-cent-per-share dividend that was yielding 4.69% at the May 23 price of about $37.50. It generated $5.7 billion in operating cash flow last year, on a market cap of $51.4 billion.So, you think, business is great, and people are wonderful. Not so fast.Over the last five years, Schlumberger has been a disastrous investment. The shares are down 64% in that time. The dividend hasn't been increased since 2015. Profits have been falling over the last four quarters and are down 60% from their 2015 peak, when Schlumberger bought oil tools producer Cameron for $14.8 billion. Capital spending has been declining in the oil patch, and Schlumberger is suffering. Commodity oversupply means better technology for reaching that commodity isn't a good investment. Analysts, however, have yet to give up on the stock, with half keeping it on their buy lists. * 7 Marijuana Stocks to Play the CBD Trend Schlumberger management remains optimistic about international operations and there are still analysts pounding the table for it. But it's generally "out of sight, out of mind," a stock that's seldom written about, where mid-decade it was one of the hottest stocks in the market. Whiting Petroleum (WLL)Source: SarahTz Via FlickrIn 2014, Whiting Petroleum (NYSE:WLL) bought Kodiak Oil & Gas for $3.8 billion, becoming the largest producer in the Bakken oil field of North Dakota and Montana, a field opened up by fracking technologyI called Whiting the "King of the Bakken." I also told investors to "sell while you can."Since then, the stock is down 88%; its market cap is down to $1.77 billion, half what it paid for Kodiak. Growing revenues, and even a $342 million profit in 2018, failed to attract buyers. Its March report slipped back into a loss of $69 million, and the shares have resumed their march toward zero.Things are so bad that when Whiting offered to buy QEP Resources (NYSE:QEP), another big Bakken player, Whiting shares fell 10%. No thanks, investors said, we're full.Making things worse is that CEO Brad Holly, hired from Anadarko Petroleum (NYSE:APC) in 2017, was named in a sexual harassment scandal at his former employer. Holly vigorously denies the charges, but such charges have to be distracting.There remain analysts pounding the table for Whiting, and the North Dakota oilpatch.The problem is that all oil is not created equal. Transportation costs create a discount between the Bakken price and what Texas oil brings. Even if Whiting is paying $50 per barrel to bring oil up, it was only attracting $52 per barrel in February. The price for Bakken oil has been as high as $65/barrel in the last year, but as low as $38/barrel.The market's verdict is clear, and it seemed clear to me years ago. Get out of oil stocks while you can.Dana Blankenhorn http://www.danablankenhorn.com is a financial and technology journalist. He is the author of the mystery thriller, The Reluctant Detective Finds Her Family https://www.amazon.com/Reluctant-Detective-Finds-Her-Family-ebook/dp/B07FSRDR4Y/, available at the Amazon Kindle store. Write him at danablankenhorn@gmail.com or follow him on Twitter at @danablankenhorn. As of this writing, he owned no shares in companies mentioned in this article. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 5 Safe Stocks to Buy This Summer * The 5 Best Telecom Stocks to Buy Now * 6 Innovative Stocks With Big Long-Term Growth Potential Compare Brokers The post 3 Oil Stocks to Drop Now appeared first on InvestorPlace.