QEP Resources, Inc. (NYSE:QEP) dropped -0.35% in recent trade and currently has a stock-market value of $2.02B. The shares finished at $8.51, after trading as low as $8.34 earlier in the session. It hit an intraday high Friday at $8.635. Trading activity significantly improved as the volume at ready counter increased to 11,722,924 shares versus 9,885,460 in average daily trading volume over the past 20 days. So far this year, the volume has averaged about 13,285,588 shares. The stock is now 70.2% above against its bear-market low of $5 on December 26, 2018. It has retreated -61.81% since it’s 52-week high of $13.77 reached in July. Now the market price is down -19.49% on the year and up 51.15% YTD.
QEP’s 50 day simple moving average (SMA 50) price is $7.78 and its 200-day simple moving average (SMA 200) price is $10.37. The company’s stock currently has a total float of 234.69M shares. Its weekly volatility is hovering around 5% and felt 6.25% volatility in price over a month. On the upside, the share price will test short term resistance at around $8.65. On a downside, the stock is likely to find some support, which begins at $8.36. The failure to get near-term support could push it to $8.2.
Separately, it has been reported that multiple insider activity took place at QEP Resources, Inc. (QEP). Director Trice David A acquired 10,000 shares for $50,000 in transaction occurred on 2018/03/08. After making this transaction, the Director owns a direct stake of 90,000 shares, worth $425,500, as per the last closing price. On 2017/08/17 Trice David A, Director at QEP, purchased 25,000 shares at an average price of $7.2 per share. The new stake is valued at $340,400.
Director, Baker Phillips S Jr had invested in 7,000 shares for $28,897 through a trade on 2017/07/28. Following this activity, the insider holds 58,030 shares worth $245,914 as of recent close. Wall Street’s most bullish QEP Resources, Inc. (NYSE:QEP) analysts are predicting the share price to blow past $20 per share during the next 12 months. The current median share price forecast by them is $10, suggesting that the stock could increase 17.51% in that time frame. The average price target of $10.74 calls for a nearly 26.2% increase in the stock price.
It had seen a negative analyst call from CapitalOne, which downgraded the stock from Overweight to Equal Weight on December 20. Analysts at Stephens, started covering the stock on December 06 with a Equal-Weight rating. The stock won favor of Credit Suisse analysts who expressed their confidence in it using an upgrade from Underperform to Neutral on November 20.
Moreover, it trades for 18.83 times the next 12 months of expected earnings. Also, it is trading at rather inexpensive levels at just over 0.6x price/book and 1.04x price/sales. Compared to others, QEP Resources, Inc. is in a different league with regards to profitability, having net margins of -11.9%. To put some perspective around this, the industry’s average net margin is 11.4%. QEP’s ROE is -6.5%, which is also considerably worse than the industry’s ROE of 13.05%. It’s also not liquid in the near term, with a current ratio of 0.4. The stock has a debt/capital of 0.73.
Shares of QEP Resources, Inc. (QEP) have dropped -13.2% since the company’s Mar-19 earnings report. Over the past 12 fiscal quarters, QEP Resources, Inc. (NYSE:QEP) has topped consensus earnings estimates in 11 quarters (91%), missed earnings in 1 quarters (8%), whereas at 0 occasion EPS met analyst expectations. QEP last reported earnings on November 07, 2018 when it released Sep-18 results that exceeded expectations. The company raked in $0.17 per share, -100.02% change on the same period last year. That was better than consensus for -$0.02. Revenue for the recent quarter stood at $560.8 million, up 44% on last year and above the $498.38 million predicted by analysts. For this quarter, Wall Street analysts forecast revenue in a range of $342 million to $575 million, which should be compared with $473.27 million generated last year. EPS is seen in a range of -$0.04 to $0.32, against the -$0.06 reported a year ago.