QEP Resources Inc. (NYSE:QEP) has a beta of 5.35, a 12-month trailing P/E ratio of 16.30. The stock’s Relative Strength Index (RSI) is 74.60, with weekly volatility at 12.61% and ATR at 0.15. The QEP stock’s 52-week price range has touched low of $0.26 and a $4.80 high. Its shares traded higher over the last trading session, gaining 11.39% on 12/02/20. The shares fell to a low of $1.55 before closing at $1.76. Intraday shares traded counted 12.09 million, which was -203.05% lower than its 30-day average trading volume of 3.99M. QEP’s previous close was $1.58 while the outstanding shares total 242.30M.
Investors have identified the Oil & Gas E&P company QEP Resources Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $428.77 million, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
QEP Resources Inc. (QEP) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. For QEP, the company has in raw cash 9.5 million on their books with 0.0 currently as liabilities. How the trend is over time is what investors should be concerned about. The company has a healthy balance sheet as their debt profile has been on a decline. In terms of their assets, the company currently has 230100000 million total, with 238700000 million as their total liabilities.
QEP were able to record 269.5 million as free cash flow during the third quarter of the year, this saw their quarterly net cash flow reduce by -155.9 million. In cash movements, the company had a total of 554.0 million as operating cash flow.
Potential earnings growth for QEP Resources Inc. (QEP)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the third quarter of the year, QEP Resources Inc. recorded a total of 177.8 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with -72.95% coming in sequential stages and their sales for the third quarter increasing by 32.17%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 219.9 million trying to sell their products during the last quarter, with the result yielding a gross income of -42.1 million. This allows shareholders to hold on to 242.30M with the revenue now reading -0.20 cents per share. This is a figure that is close to analyst’s prediction for their fourth quarter (0.00 cents a share).
Having a look at the company’s valuation, the company is expected to record 0.00 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on QEP sounds very interesting.
Is the stock of QEP attractive?
In related news, Director, TRICE DAVID A bought 30,000 shares of the company’s stock in a transaction that recorded on Mar 09. The purchase was performed at an average price of 0.60, for a total value of 18,000. As the purchase deal closes, the Director, TRICE DAVID A now bought 15,000 shares of the company’s stock, valued at 25,485. Also, Director, TRICE DAVID A bought 20,000 shares of the company’s stock in a deal that was recorded on Mar 04. The shares were cost at an average price of 2.07 per share, with a total market value of 41,400. Following this completion of disposal, the Director, TRICE DAVID A now holds 10,000 shares of the company’s stock, valued at 20,300. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.60%.