Insider Trading Update: QEP Resources Inc (NYSE:QEP)

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QEP Resources Inc (NYSE:QEP) insider have most recently took part in a trading activity. On Jun 30, 2016 Stanley Charles B, President and CEO bought 16,763 shares having total worth of $299,220 at the price of $17.85 per share, following the transaction a total of 759,116 shares owned by Stanley Charles B.

Furthermore, over the past 12 months , the stock was traded 2 times by insiders. In 2 of these trades, the insider was a seller .

Shares of QEP Resources Inc (NYSE:QEP) traded up 2.88% on Jun 29, 2016, hitting $18.23. 6,754,500 shares of the company’s stock traded hands. QEP Resources Inc has a 52 week low of $9.29 and a 52 week high of $23.76. The company’s market cap is $3,950 million.

QEP Resources Inc (NYSE:QEP) last announced its earnings results on Apr 27, 2016. The company reported -0.53 earnings per share (EPS) for the quarter, higher than the consensus estimate of -0.59 by $0.06. The company had revenue of $261 million for the quarter, compared to the consensus estimate of $423 million. During the same quarter in the previous year, the company posted -0.32 earnings per share. The company’s revenue for the quarter was down 47% on a year-over-year basis.

2016-04-27 2016-02-24 2015-10-28 2015-08-03 2015-04-29 2015-02-24 2014-11-05 2014-08-06 2014-05-07 2014-02-25
earnings per share -0.53 -0.01 0.01 0.09 -0.32 0.22 0.41 0.38 0.38 0.17
Revenue(M) 261.3 468.3 536.7 608.6 491.6 799.6 910 936.7 883.9 715.5

QEP Resources Inc has been the subject of a number of recent research reports. Analysts at Piper Jaffray Upgrades shares of QEP Resources Inc from a Neutral rating to an Overweight rating in a research note.

QEP Resources, Inc. is incorporated in the state of Delaware. The company is an independent natural gas and oil exploration and production company. QEP is a holding company with three major lines of business – gas and oil exploration and production, midstream field services, and energy marketing – which are conducted through three principal subsidiaries: QEP Energy Company (QEP Energy) acquires, explores for, develops and produces natural gas, oil, and natural gas liquids. It operates in two core regions – the Rocky Mountain region and the Midcontinent region.QEP Energy, both directly and through QEP Marketing, sells natural gas production to a variety of customers, including gas-marketing firms, industrial users and local-distribution companies. QEP Energy operations are subject to various government controls and regulation at the federal, state and local levels; QEP Field Services Company (QEP Field Services) provides midstream field services including natural gas gathering, processing and treating services for affiliates and third parties. Its Field Services generated approximately 27% of the Company’s operating income in 2010; QEP Marketing Company (QEP Marketing) markets equity and third-party natural gas and oil, provides risk-management services, and owns and operates an underground gas-storage reservoir and generated approximately 1% of the Company’s operating income in 2010. QEP Marketing concentrates on markets in the Rocky Mountains, Pacific Northwest and Midcontinent that are either close to affiliate reserves and production or accessible by major pipelines. QEP Marketing contracts for firm-transportation capacity on pipelines and firm-storage capacity at Clay Basin, a large baseload-storage facility. QEP Marketing, through its subsidiary Clear Creek Storage Company, LLC, operates an underground gas-storage reservoir in southwestern Wyoming. The company operates in the Rocky Mountain and Midcontinent regions of the United States and is headquartered in Denver, Colorado. It faces intense competition from: large multi-national, integrated oil companies; United States independent oil and gas companies; service companies engaging in oil and gas exploration and production activities; private oil and gas equity funds. The company through Clear Creek Storage Company, LLC, operates an underground gas-storage facility under the jurisdiction of the Federal Energy Regulatory Commission (FERC). The FERC establishes rates for the storage of natural gas. The FERC also regulates, among other things, the extension and enlargement or abandonment of jurisdictional natural gas facilities.

William White

William White is a financial writer. He graduated with a degree in Economics. He has contributed to major financial websites and print publications for over 8 years. He handles much of this site's news coverage for corporate insider activity, and occasionally cover other areas of financial sector.

About the Author

William White
William White is a financial writer. He graduated with a degree in Economics. He has contributed to major financial websites and print publications for over 8 years. He handles much of this site's news coverage for corporate insider activity, and occasionally cover other areas of financial sector.