QEP Resources, Inc. (QEP) up 8.91 per cent in the past week, is under coverage of 17 analysts who collectively recommend a hold rating on stock. 11 of the analysts have a buy or better rating; the 0 sells versus 0 underperforms. The 16 equity analysts who rate the stock have an average target price at $21.56, with individual targets ranging between $13 and $29. The shares closed last trade at $20.29, implying that analysts see shares rising about 6.26 per cent in 12 months’ time.
Insider Activity: Insiders look pessimistic about the prospects of the company that they seem to offload shares while they are 51.42 up so far this year. A VP, GC, and Corp Secretary at QEP Resources, Inc. (QEP) sold shares in the company in a transaction completed on Tuesday March 08, 2016. Woosley Christopher K offloaded 1,717 shares in the company at an average price of $10.24 and ended up generating $17,580 in proceeds. Woosley Christopher K retains 87,790 shares in the company after this transaction. A VP and General Counsel in the company, Woosley Christopher K, on Thursday September 10, 2015 collected $2,080 from the sale of 158 shares at $10.24 each. Insiders are expected to know better about the health and prospects of their company, which is why insiders’ move deserves attention.
Earnings to Watch: Investors considering QEP stock at the going market price of $20.29/share should know the stock will next release quarterly results for the June 2016 quarter. For the reporting quarter, analysts expect the company to deliver -$0.39 in earnings per share (EPS). That would represent a -533.33% year-over-year decrease. Revenue for the same period is expected to arrive at $350.55M.
Earnings Roundup: In the last fiscal quarter alone, QEP Resources, Inc. generated around $261.3M in revenue and net income of -$0.53/share. That compares with the consensus estimate $369.58M and -$0.6/share, respectively. For the prior quarter revenue for the company hit $468.3M, with earnings at -$0.01/share.
Analyst Coverage: Raymond James has been a brokerage house following shares of QEP Resources, Inc. (QEP), so its rating change is noteworthy. The stock was upgraded to Strong Buy from Outperform, wrote analysts at Raymond James, in a note issued to clients on Friday April 29, 2016. There was another key note issued by JP Morgan on Tuesday April 12, 2016. The firm launched coverage on QEP at Overweight.
Price Momentum: Despite the 0.9% increase in value, the stock’s new closing price represents a 0.55% rise in value from company’s one year high of $20.47. The stock is currently holding below its 50 day moving average of $23.12 and above its 200 day moving average of $17.68. Over the last three months and over the last six months, the shares of QEP Resources, Inc. (QEP), have changed 46.29% and 13.78%, respectively.