|Bid||7.70 x 1800|
|Ask||7.71 x 2200|
|Day's Range||7.57 - 7.78|
|52 Week Range||5.00 - 13.77|
|Beta (3Y Monthly)||2.71|
|PE Ratio (TTM)||N/A|
|Earnings Date||Apr 23, 2019 - Apr 29, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||10.61|
NEW YORK, March 05, 2019 -- In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors,.
The Denver-based company said it had a loss of $2.66 per share. Losses, adjusted for one-time gains and costs, were 13 cents per share. The results missed Wall Street expectations. The average estimate ...
Oil and gas producer QEP Resources Inc said on Wednesday it was not going forward with the deal to sell its Williston Basin assets to Vantage Energy Acquisition Corp, following a fall in crude prices. The company had said https://www.reuters.com/article/us-qep-resources-vantage-energy/oil-producer-qep-to-unload-williston-basin-assets-focus-on-permian-basin-idUSKCN1NC1FS in November it would sell its assets in North Dakota and Montana to Vantage for up to $1.73 billion in a bid to focus on the Permian. QEP reported a net loss of $629.3 million or $2.66 per share in the fourth quarter ended Dec. 31, compared with a profit of $150.3 million or 62 cents per share, a year earlier.
DENVER, Feb. 20, 2019 -- QEP Resources, Inc. (NYSE: QEP) (QEP or the Company) today reported fourth quarter and full year 2018 financial and operating results and provided.
QEP Resources, Inc. (QEP) (QEP or the Company) today announced that its Board of Directors has commenced a comprehensive review of strategic alternatives to maximize shareholder value, which could result in a merger or sale of the Company or other transaction involving the Company or its assets. QEP intends to engage in discussions with a variety of parties that have expressed interest in a potential transaction, including Elliott Management Corporation.
DENVER, Feb. 13, 2019 -- QEP Resources, Inc. (NYSE: QEP) announced today that it will host a teleconference and webcast to discuss its fourth quarter and full year 2018 results.
Your Energy Review for the Week Ended January 25(Continued from Prior Part)Energy stocks Between January 18 and January 25, upstream stock Carrizo Oil & Gas (CRZO) fell the most among our set of selected energy stocks, which include the following
The Zacks Analyst Blog Highlights: Gulfport Energy, Antero Resources, SilverBow Resources, Southwestern Energy and QEP Resources
EIA's inventory release shows that stockpiles of natural gas in the lower 48 states have fallen by 81 Bcf for the week ended Jan 11.
Although Q4 saw a free fall in crude price, the average monthly commodity prices for October and November were healthier than a year ago.
Upstream Review for the Week Ending January 11 (Continued from Prior Part) ## Upstream stocks On January 4–11, QEP Resources (QEP) gained the most on our list of upstream energy stocks from the SPDR S&P Oil & Gas Exploration & Production ETF (XOP). XOP rose 6.2%—the second-largest rise among the major energy ETFs that we discussed in the previous part of this series. On January 7, QEP Resources announced that it has received “a preliminary proposal from Elliott Management Corp. (“Elliott”) to acquire the Company for $8.75 per share in cash, subject to certain conditions including, among others, satisfactory completion of due diligence and negotiation of definitive documentation.” On the same day, QEP Resources rose 40.3%. ## Other outperformers Chesapeake Energy (CHK), SM Energy (SM), Matador Resources (MTDR), and Hess (HES) were the second, third, fourth, and fifth-largest outperformers, respectively, on our list of upstream energy stocks last week. On January 9, Chesapeake Energy reported its fourth-quarter preliminary results and operational details. On the same day, Chesapeake Energy rose ~12.7%. Chesapeake Energy has hedged ~16 MMbbls (million barrels) of 2019 oil production at $58.61 per barrel, which is higher than WTI’s forecast for 2019. Chesapeake Energy hedged 7 MMbbls of its 2019 forecasted production in the Eagle Ford at $6 more than WTI prices. LLS (Louisiana Light Sweet) crude oil versus WTI at Cushing, or the LLS-WTC spread, fell to $4.5 per barrel on December 27—the lowest level since August 24. LLS is the benchmark for most light sweet crude produced in the Eagle Ford region in Texas. On January 4, Hess announced that it will report its fourth-quarter earnings on January 30. Analysts’ consensus estimate suggests that Hess might report negative earnings of 21 cents per share. Last week, US crude oil January futures closed at $51.59 per barrel, while natural gas January futures closed at $3.09 per MMBtu. Next, we’ll discuss the biggest declines in the upstream energy space. Continue to Next Part Browse this series on Market Realist: * Part 1 - Upstream Sector Rose Last Week * Part 3 - Which Upstream Stocks Underperformed Last Week?
Between January 4 and January 11, upstream stock QEP Resources (QEP) gained the most among our selected energy stocks, which include the following ETFs: the Alerian MLP ETF (AMLP) the Energy Select Sector SPDR ETF (XLE) the VanEck Vectors Oil Services ETF (OIH) the VanEck Vectors Oil Refiners ETF (CRAK) the SPDR S&P Oil & Gas Exploration & Production ETF (XOP)
Dallas investment firm Aethon Energy Management has closed on a deal to buy natural gas wells from Colorado energy company QEP Resources as a large hedge fund is circling for a bigger acquisition.
DALLAS , Jan. 10, 2019 /PRNewswire/ -- Aethon Energy Management ("Aethon"), a Dallas -based private investment firm and owner-operator of onshore oil & gas assets, today announced the completion ...
QEP Resources, Inc. (QEP) (“QEP” or the “Company”) announced today that the sale of its natural gas and oil producing properties, undeveloped acreage and associated gas gathering and treating systems in the Haynesville/Cotton Valley has closed. As part of this transaction, Aethon III, an affiliate of Aethon Energy (the “Buyer”), assumed all firm gas transportation agreements related to these assets. The Company intends to use the proceeds from the divestiture to repay the outstanding balance on its revolving credit facility and to help fund a portion of its 2019 capital expenditure program.
One of them, QEP Resources Inc., got some more specific help in the form of a takeover offer from Elliott Management Corp. The nature of the bidder and the timing say a lot about where E&P stands at the start of 2019. Elliott showed up at QEP almost a year ago. Soon after, the company pledged to become a pure-play operator in the Permian shale basin and went on to announce a string of disposals and the exit of chairman and CEO Charles Stanley, who had led QEP since 2010.
Elliott Management proposed buying QEP Resources (QEP) for about $2 billion, while Transocean (RIG) announced a five-year contract award for an ultra-deepwater drillship by Chevron (CVX).