QEP Resources, Inc. (QEP), a Energy Oil & Gas Integrated business, saw its stock trade 2.9250 shares, a pullback against to its 10-day trading volume of 9.08M.
QEP Resources, Inc. (QEP) stock is quoted at $3, up 0.20 cents or +7.3% on the day.
On Oct. 23, 2019 QEP Resources, Inc. (NYSE:QEP) reported third quarter 2019 financial and operating results.
- Increased full-year production guidance for crude oil, natural gas and NGL
- Lowered mid-point of capital expenditure guidance by approximately $15 million, down $65 million year-to-date
- Reduced G&A expense to 2020 target run-rate, down approximately 40% from third quarter 2018 to third quarter 2019
- Greater than 60% of projected 2020 oil production hedged at $58.31 per barrel
- Ended the quarter with $92.4 million of cash and cash equivalents and no borrowings under credit facility
Total Revenue for QEP Resources, Inc. (QEP) is $1.29B, Gross Profit is $1.35B and the EBITDA is $1.07B.
QEP Resources, Inc. (QEP) Technical Figures:
The average 10-day trading volume of QEP Resources, Inc. (QEP) is 9.08M compared to 6.55M over the last 3 months which indicates a greater amount in trading activity. At the time of writing this article, QEP Resources, Inc. (QEP) has a 50-day moving average of $3.9224 and a 200-day moving average of $3.7828. These moving averages are popular technical indicators that investors use to analyze price trends of QEP Resources, Inc. (QEP).
Approximately 9.99% of the shares of the company are sold short from traders betting the shares might trade lower. The beta value on QEP Resources, Inc. (QEP) stock is 2.15, indicating its 7.79% to 5.94% more volatile than the overall global market.
Technically, QEPs short term resistance levels are $4.98, $4.78 and $4.19 on the upside.
Based on technical analysis, QEP has short term rating of Bearish (-0.41), Intermediate rating of Neutral (-0.17) and the long-term rating of Neutral (0.01) giving it an overall rating of Neutral (-0.19).
QEP is trading 12.79% off its 52 week low at $2.58 and -65.66% off its 52 week high of $8.48. Performance wise, QEP stock has recently shown investors -14.11% a pullback in a week, -40.68% a pullback in a month and -20.45% a pullback in the past quarter.
Furthermore, QEP Resources, Inc. (QEP) has shown a return of -37.78% since the first of the year.
QEP Resources, Inc. (QEP) Key Evaluation:
QEP Resources, Inc. (QEP) is a small-cap company with a market cap value of $695.542M. QEP insiders hold roughly 1.10% of the shares.
On Oct-24-19 Williams Capital Group Upgrade QEP as Hold → Buy at $5. On Oct-28-19 Piper Jaffray Upgrade QEP as Neutral → Overweight at $3.50 → $6 and on Oct-30-19 Stephens Upgrade QEP as Equal-Weight → Overweight at $7.
There are currently 235.18M shares in the float and 247.54M shares outstanding. There are 9.99% shares short in QEPs float.
The industry rank for QEP Resources, Inc. (QEP) is 111 out of 255 ranking it at the Top 44% .
QEP Resources, Inc. (QEP) Fundamental Data:
QEP last 2 years revenues have decreased from $1,932,600 to $1,294,800 showing a downtrend.
Wall Street expects QEP Resources, Inc. (QEP) to report an EPS next Qtr profit of 0.08 and a profit of 123.83% next year.
The growth rate on QEP this year is 229.41 compared to an industry -15.80. However, QEPs next year’s growth rate is 159.09 compared to an industry 5.20.
The book value per share (mrq) is 11.64 and cash per share (mrq) is 0.37. Giving them a price/book (mrq) of 0.24 compared to an industry of 0.69 and QEPs price/cash flow (mrfy) is 0.81 compared to an industry of 1.83.
QEP fundamental ratios shows an EPS growth vs. previous year 0.22 and EPS growth vs. previous quarter 0.06.
About QEP Resources, Inc. (QEP):
Denver, CO-based QEP Resources Inc. is a leading independent energy company engaged in the exploration, development and production of natural gas, crude oil and natural gas liquids. The company, in its current form, came into existence following the May 2010 spin-off of Salt Lake City, UT-based Questar Corporation’s unregulated exploration and production unit, as well as its gas gathering and marketing operations into a separate, independent and publicly traded entity.QEP Resources’ operations are currently focused on the Northern Region (primarily in North Dakota) and the Southern Region (primarily in Texas) of the United States. As of Dec 31, 2018, QEP Resources had proved reserves of 658.2 million barrels of oil equivalent (MMboe) of which more than 62% were crude oil and liquids. QEP Resources’ output totaled 51,857.9 thousand barrels of oil equivalent (Mboe) in 2018 (55% liquids).QEP Resources continues to make strides to transform into a pure-play Permian player. As part of that goal, management has not been shy of divesting assets either, particularly those that do not fit into the company’s long-term growth plan. The company has already jettisoned its assets in Pinedale (in third-quarter 2017) and sold its Uinta Basin assets (in Utah) in 2018. During January 2019, QEP Resources sold its Haynesville/Cotton Valley properties in Louisiana. While the company also entered into a deal to sell its Williston Basin assets in November 2018, QEP Resources terminated the sale in February citing lower commodity prices.QEP Resources currently owns roughly 114,100 net acres in the Williston Basin and 49,250 acres in the Permian Basin. During the most recent quarter, the upstream operator churned out 4,082.3 Mboe (71% oil) from Permian Basin and 3,377 Mboe (64% oil) from Williston Basin.QEP Resources’ exploration and production capital expenditures were $1,176.6 million for the twelve months ended Dec 31, 2018, while cash generated from operating activities totaled $816.2 million. QEP Resources remains committed to returning excess cash to shareholders through share buyback programs. As part of this initiative, the company repurchased $58.4 million of its common stock through 2018.