QEP Resources (QEP) Receives Coverage Optimism Rating of 0.16

News stories about QEP Resources (NYSE:QEP) have been trending somewhat positive this week, Accern reports. The research firm rates the sentiment of press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. QEP Resources earned a news sentiment score of 0.16 on Accern’s scale. Accern also gave news coverage about the pipeline company an impact score of 45.358368290839 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

Here are some of the media stories that may have impacted Accern Sentiment Analysis’s rankings:

QEP Resources (NYSE QEP) opened at $8.83 on Wednesday. QEP Resources has a fifty-two week low of $7.02 and a fifty-two week high of $19.52. The company has a current ratio of 1.55, a quick ratio of 1.54 and a debt-to-equity ratio of 0.52.

QEP Resources (NYSE:QEP) last announced its earnings results on Wednesday, October 25th. The pipeline company reported ($0.10) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.21) by $0.11. QEP Resources had a negative net margin of 0.90% and a negative return on equity of 3.48%. The company had revenue of $390.10 million for the quarter, compared to analysts’ expectations of $393.87 million. During the same period last year, the firm earned ($0.21) earnings per share. The business’s revenue for the quarter was up 2.0% on a year-over-year basis. sell-side analysts forecast that QEP Resources will post -0.44 earnings per share for the current year.

Several equities research analysts have issued reports on QEP shares. BMO Capital Markets set a $11.00 price objective on shares of QEP Resources and gave the stock a “buy” rating in a research report on Tuesday, October 10th. Piper Jaffray Companies restated a “buy” rating and set a $12.00 price objective on shares of QEP Resources in a research report on Sunday, October 22nd. Stifel Nicolaus cut their price objective on shares of QEP Resources from $26.00 to $23.00 and set a “buy” rating for the company in a research report on Tuesday, September 26th. KLR Group restated a “buy” rating and set a $14.00 price objective (down from $15.00) on shares of QEP Resources in a research report on Wednesday, September 27th. Finally, Cowen set a $12.00 price objective on shares of QEP Resources and gave the stock a “buy” rating in a research report on Friday, August 25th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $13.76.

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About QEP Resources

QEP Resources, Inc is an independent crude oil and natural gas exploration and production company. The Company focuses on two regions of the United States: the Northern Region (primarily in North Dakota, Wyoming and Utah) and the Southern Region (primarily in Texas and Louisiana). The Company conducts exploration and production activities in North America’s hydrocarbon resource plays.

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