In last trading session, QEP Resources, Inc. (NYSE:QEP) saw 3,577,061 shares changing hands with its beta currently measuring 4.82. Company’s recent per share price level of $1.565 trading at $0 or -0.94% at recent trade assigns it a market valuation of $381.44 Million. That current price of QEP’s stock is at a discount of -374.12% from its 52-week high price of $7.42 and is indicating a premium of 83.39% from its 52-week low price of $0.26. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 15.07 Million shares which gives us an average trading volume of 12.72 Million if we extend that period to 3-months.
For QEP Resources, Inc. (QEP), analysts’ consensus is at an average recommendation of Hold while assigning it a mean rating of 3. Splitting up the data highlights that, out of 16 analysts covering the stock, 3 rated the stock as a Sell while none recommended an Overweight rating for the stock. 11 suggested the stock as a Hold whereas 2 see the stock as a Buy. None analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -$0.01 in the current quarter.
QEP Resources, Inc. (NYSE:QEP) trade information
In the face of being in the red today for losing -0.64%, in the last five days QEP remained trading in the green while hitting it’s week-highest on Tuesday, Jun 16 when the stock touched $1.9 price level, adding 16.85% to its value on the day. QEP Resources, Inc.’s shares saw a change of -64.89% in year-to-date performance and have moved -7.06% in past 5-day. QEP Resources, Inc. (NYSE:QEP) showed a performance of 99.13% in past 30-days. Number of shares sold short was 17.54 Million shares which calculate 1.38 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of $1.43 to the stock, which implies targetted prices is already lagging behind -8.63% to its current value. Analysts have been projecting $0.4 as a low price target for the stock while placing it at a high target of $3.5. It follows that stock’s current price would jump +123.64% in reaching the projected high whereas dropping to the targeted low would mean a loss of -74.44% for stock’s current value.
QEP Resources, Inc. (QEP) estimates and forecasts
Statistics highlight that QEP Resources, Inc. is scoring comparatively higher than the scores of other players of the relevant industry. The company lessened -62.05% of value to its shares in past 6 months, showing an annual growth rate of NA% while that of industry is -28.2. Apart from that, the company came raising its revenue forecast for fiscal year 2020. The company is estimating its revenue growth to increase by 75% in the current quarter and calculating -60% decline in the next quarter. This year revenue growth is estimated to drop -27.7% from the last financial year’s standing.
11 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $199.42 Million for the same. And 11 analysts are in estimates of company making revenue of $215.74 Million in the next quarter that will end in September 01, 2020. Company posted $296.2 Million and $307.5 Million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to drop by -32.7% while estimating it to be -29.8% for the next quarter.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 29.1% during past 5 years. In 2020, company’s earnings growth rate is likely to be around 90.4% while estimates for its earnings growth in next 5 years are of 58.83%
QEP Resources, Inc. is more likely to be releasing its next quarterly report between August 05 and August 10, 2020, and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt. With an annual yield of 5.03%, the share has a forward dividend of 0.08 which implies that company’s dividend yield remained growing in trailing twelve months.
QEP Resources, Inc. (NYSE:QEP)’s Major holders
Insiders are in possession of 1.92% of company’s total shares while institution are holding 107.02% percent of that, with stock having share float percentage of 109.11%. Investors also watch the number of corporate investors in a company very closely, which is 298 institutions for QEP Resources, Inc. that are currently holding shares of the company. Blackrock Inc. is the top institutional holder at QEP for having 36.24 Million shares of worth $12.12 Million. And as of March 30, 2020, it was holding 14.97% of the company’s outstanding shares.
The second largest institutional holder is Vanguard Group, Inc. (The), which was holding about 23.77 Million shares on March 30, 2020. The number of shares represents firm’s hold over 9.82% of outstanding shares, having a total worth of $7.95 Million.
On the other hand, iShares Core S&P Smallcap ETF and SPDR (R) Ser Tr-SPDR (R) S&P (R) Oil & Gas Explor & Prod ETF are the top two Mutual Funds which own company’s shares. As of March 30, 2020, the former fund manager was holding 14391236 shares of worth $4.81 Million or 5.94% of the total outstanding shares. The later fund manager was in possession of 10.74 Million shares on March 30, 2020, making its stake of worth around $3.59 Million in the company or a holder of 4.43% of company’s stock.