Johnson Rice Downgrades QEP Resources (QEP) to Accumulate

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Go back to Johnson Rice Downgrades QEP Resources (QEP) to Accumulate

Tudor Pickering Downgrades QEP Resources (QEP) to Hold

July 26, 2018 8:06 AM EDT

Tudor Pickering downgraded QEP Resources (NYSE: QEP) from Buy to Hold.

For an analyst ratings summary and ratings history on QEP Resources click here. For more ratings news on QEP Resources click here.

Shares of QEP Resources closed at $11.92 yesterday.

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QEP Resources (QEP) Tops Q2 EPS by 18c, Beats on Revenues

July 25, 2018 4:15 PM EDT

QEP Resources (NYSE: QEP) reported Q2 EPS of $0.06, $0.18 better than the analyst estimate of ($0.12). Revenue for the quarter came in at $532.4 million versus the consensus estimate of $441.02 million.

"Our record Permian Basin oil production performance in the second quarter demonstrates the quality of our assets and underscores the continued success of our 'tank-style' completions," commented Chuck Stanley, Chairman, President and CEO of QEP. "We continue to put more wells on production than originally forecast in the Permian Basin due to operational efficiencies, such as faster drill times and a 33% quarter-over-quarter increase... More