Revenue Update on QEP Resources Inc(NYSE:QEP)

QEP Resources Inc(NYSE:QEP) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during After-Market on Feb 22, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Company reported revenue of $399.700M. Analysts estimated a revenue of $389.900M. The revenues were 2.51% above the estimates. Earnings per share were $-0.15. The reported EPS was above estimates by 31.82%. Analysts had estimated an EPS of $-0.22.

In a different note, On Feb 10, 2017, Wells Fargo said it Upgrades its rating on QEP Resources Inc. The shares have been rated ‘Outperform’ by the firm. On Jan 3, 2017, FBR Capital said it Upgrades its rating on QEP Resources Inc. According to the research note, FBR Capital Raises the price target to $24 per share from a prior target of $20. The shares have been rated ‘Outperform’ by the firm.

QEP Resources Inc (QEP) shares turned negative on Wednesdays trading session with the shares closing down -0.33 points or -1.91% at a volume of 48,63,813. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $17.245. The peak price level was also seen at $17.245 while the days lowest was $16.73. Finally the shares closed at $16.95. The 52-week high of the shares is $21.12 while the 52-week low is $9.17. According to the latest information available, the market cap of the company is $4,061 M.

Several Insider Transactions has been reported to the SEC. On Sep 8, 2016, Charles B Stanley (CEO) purchased 16,763 shares at $17.85 per share price.Also, On Mar 9, 2016, Christopher K Woosley (VP, GC, and Corp Secretary) sold 1,717 shares at $10.24 per share price.

QEP Resources Inc. (QEP) is a holding company with two subsidiaries QEP Energy Company and QEP Marketing Company which are engaged in two primary lines of business: oil and gas exploration and production (QEP Energy) and oil and gas marketing operation of the Haynesville Gathering System and an underground gas storage facility (QEP Marketing and Other). The Company’s operations are focused in two geographic regions: the Northern Region (primarily in Wyoming North Dakota and Utah) and the Southern Region (primarily in Texas and Louisiana) of the United States. QEP Energy Company conducts exploration and production (E&P) activities in several of North America’s hydrocarbon resource plays. QEP Marketing Company provides wholesale marketing and sales of affiliate and third-party gas oil and natural gas liquids (NGL).

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