In the latest trading session, 2,880,598 QEP Resources, Inc.(NYSE:QEP) shares changed hands as the company’s beta touched 5.26. With the company’s most recent per share price at $2.63 changing hands around $0.17 or 0.07% at last look, the market valuation stands at $645Million. QEP’s current price is a discount, trading about -78.33% off its 52-week high of $4.69. The share price had its 52-week low at $0.26, which suggests the recent value is90.11% up since then. When we look at QEP Resources, Inc.’s average trading volume, we note the 10-day average is 5.03 Million shares, with the 3-month average coming to 5.14 Million.
Analysts gave the QEP Resources, Inc. (QEP) stock a consensus recommendation rating of Overweight, calculated at a mean rating of 2.6. If we narrow down to specifics, the data shows that none out of 9 analysts rate the stock as a Sell, with a further none assigning it an Overweight rating. Of the remaining, 6 recommended QEP as a Hold, 3 felt it is a Buy and none rated the stock as Underweight. QEP Resources, Inc.’s EPS for the current quarter is expected to be $0.05.
Instantly QEP is in green as seen in intraday trades today. With action 6.71%, the performance over the past five days has been green. The jump to weekly highs of $2.62- on Tuesday, Jan 05 added 1.91% to the stock’s daily price. The company’s shares are showing year-to-date upside of 0.08%, with the 5-day performance at 0.08% in the green. However, in the 30-day time frame, QEP Resources, Inc. (NYSE:QEP) is 0.19% up. Looking at the short shares, we see there were 3.26 Million shares sold at short interest cover period of 0.63 days.
The consensus price target for the stock as assigned by Wall Street analysts is $2.58, meaning bulls need a downside of -1.9% from its recent market value. According to analyst projections, QEP’s forecast low is $1.5 with $3.1 as the target high. To hit the forecast high, the stock’s price needs a +17.87% upsurge from its latest level, while the stock would need to tank -42.97% for it to hit the projected low.
QEP Resources, Inc. (QEP) estimates and forecasts
Data shows that the QEP Resources, Inc. share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot +75.71% over the past 6 months. Moreover, analysts have looked to higher expectations by upgrading its fiscal year 2021 revenue estimates. The rating firms predict current quarter revenue for QEP Resources, Inc. will rise +150%, while the growth in revenue is estimated to hit -142.9% for the next quarter. Year-over-year growth is forecast to reach -38.2% down from the last financial year.
Consensus estimates given by 5 financial analysts project the company’s revenue in the current quarter to hit an average of $216.98 Million. 6 analysts are of the opinion that QEP Resources, Inc.’s revenue for the quarter ending March 01, 2021 will be $201.87 Million. The company’s revenue for the corresponding quarters a year ago was $321.9 Million and $225.8 Million respectively. According to analysts, the company will likely register a drop in its current quarter sales, forecast at -32.6%. The estimates for the next quarter sales put growth at -10.6%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 29.1%. The 2021 estimates are for QEP Resources, Inc. earnings to increase by 90.4%, but the outlook for the next 5-year period is at 0% per year.
QEP Resources, Inc. is expected to release its next quarterly earnings report around February 24 – March 01, 2021. The 3.25% annual yield figure for the share gives it an annual dividend of 0.08. It is important to note, however, that the 3.25% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision.
QEP Resources, Inc. (NYSE:QEP)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 8.99% of QEP Resources, Inc. shares while 60.06% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 65.99%. There are 203 institutions holding the QEP Resources, Inc. stock share, with Blackrock Inc. the top institutional holder. As of Sep 29, 2020, the company held 9.66% of the shares, roughly 23.4 Million QEP shares worth $21.12 Million.
Vanguard Group, Inc. (The) holds the second largest percentage of outstanding shares, with 5.73% or 13.88 Million shares worth $12.53 Million as of Sep 29, 2020.
Among Mutual Funds, the top two as of Nov 29, 2020 were iShares Core S&P Smallcap ETF and Fidelity Low-Priced Stock Fund. With 15401293 shares estimated at $24.8 Million under it, the former controlled 6.36% of total outstanding shares. On the other hand, Fidelity Low-Priced Stock Fund held about 3.3% of the shares, roughly 8Million shares worth around $11.76 Million.
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