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QEP Resources

NYSE:QEP
Snowflake Description

Reasonable growth potential and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
QEP
NYSE
$1B
Market Cap
  1. Home
  2. US
  3. Energy
Company description

QEP Resources, Inc. operates as a crude oil and natural gas exploration and production company in the United States. The last earnings update was 53 days ago. More info.


Add to Portfolio Compare Print
  • QEP Resources has significant price volatility in the past 3 months.
QEP Share Price and Events
7 Day Returns
-7.8%
NYSE:QEP
-1%
US Oil and Gas
0.5%
US Market
1 Year Returns
-47.6%
NYSE:QEP
-17.7%
US Oil and Gas
0.8%
US Market
QEP Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
QEP Resources (QEP) -7.8% -21.2% -23.7% -47.6% -68.6% -82.5%
US Oil and Gas -1% -6.3% -7.8% -17.7% -7.1% -40.8%
US Market 0.5% 0.2% 1.1% 0.8% 37.4% 37.5%
1 Year Return vs Industry and Market
  • QEP underperformed the Oil and Gas industry which returned -17.7% over the past year.
  • QEP underperformed the Market in United States of America which returned 0.8% over the past year.
Price Volatility
QEP
Industry
5yr Volatility vs Market

Value

 Is QEP Resources undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of QEP Resources to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for QEP Resources.

NYSE:QEP Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 9 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 12.7%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NYSE:QEP
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Oil and Gas Unlevered Beta Simply Wall St/ S&P Global 0.91
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.908 (1 + (1- 21%) (152.67%))
1.673
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.67
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.673 * 5.96%)
12.7%

Discounted Cash Flow Calculation for NYSE:QEP using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for QEP Resources is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NYSE:QEP DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 12.7%)
2019 -113.79 Analyst x7 -100.96
2020 55.55 Analyst x11 43.73
2021 121.25 Analyst x4 84.71
2022 185.37 Est @ 52.88% 114.91
2023 255.51 Est @ 37.84% 140.55
2024 325.28 Est @ 27.31% 158.76
2025 390.11 Est @ 19.93% 168.95
2026 447.74 Est @ 14.77% 172.06
2027 497.71 Est @ 11.16% 169.71
2028 540.66 Est @ 8.63% 163.58
Present value of next 10 years cash flows $1,116.01
NYSE:QEP DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $540.66 × (1 + 2.73%) ÷ (12.7% – 2.73%)
$5,571.74
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $5,571.74 ÷ (1 + 12.7%)10
$1,685.81
NYSE:QEP Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $1,116.01 + $1,685.81
$2,801.82
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $2,801.82 / 238.05
$11.77
NYSE:QEP Discount to Share Price
Calculation Result
Value per share (USD) From above. $11.77
Current discount Discount to share price of $5.91
= -1 x ($5.91 - $11.77) / $11.77
49.8%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price QEP Resources is available for.
Intrinsic value
50%
Share price is $5.91 vs Future cash flow value of $11.77
Current Discount Checks
For QEP Resources to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • QEP Resources's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • QEP Resources's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for QEP Resources's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are QEP Resources's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:QEP PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $-4.54
NYSE:QEP Share Price ** NYSE (2019-06-14) in USD $5.91
United States of America Oil and Gas Industry PE Ratio Median Figure of 102 Publicly-Listed Oil and Gas Companies 12.63x
United States of America Market PE Ratio Median Figure of 3,091 Publicly-Listed Companies 17.68x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of QEP Resources.

NYSE:QEP PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:QEP Share Price ÷ EPS (both in USD)

= 5.91 ÷ -4.54

-1.3x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • QEP Resources is loss making, we can't compare its value to the US Oil and Gas industry average.
  • QEP Resources is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does QEP Resources's expected growth come at a high price?
Raw Data
NYSE:QEP PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -1.3x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts
48.1%per year
United States of America Oil and Gas Industry PEG Ratio Median Figure of 78 Publicly-Listed Oil and Gas Companies 0.36x
United States of America Market PEG Ratio Median Figure of 2,125 Publicly-Listed Companies 1.52x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for QEP Resources, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on QEP Resources's assets?
Raw Data
NYSE:QEP PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $11.07
NYSE:QEP Share Price * NYSE (2019-06-14) in USD $5.91
United States of America Oil and Gas Industry PB Ratio Median Figure of 196 Publicly-Listed Oil and Gas Companies 0.97x
United States of America Market PB Ratio Median Figure of 5,244 Publicly-Listed Companies 1.79x
NYSE:QEP PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:QEP Share Price ÷ Book Value per Share (both in USD)

= 5.91 ÷ 11.07

0.53x

* Primary Listing of QEP Resources.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • QEP Resources is good value based on assets compared to the US Oil and Gas industry average.
X
Value checks
We assess QEP Resources's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Oil and Gas industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Oil and Gas industry average (and greater than 0)? (1 check)
  5. QEP Resources has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is QEP Resources expected to perform in the next 1 to 3 years based on estimates from 9 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
48.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is QEP Resources expected to grow at an attractive rate?
  • QEP Resources's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • QEP Resources's earnings growth is expected to exceed the United States of America market average.
  • QEP Resources's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NYSE:QEP Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:QEP Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts 48.1%
NYSE:QEP Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 9 Analysts 8.7%
United States of America Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 12.4%
United States of America Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 3.9%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.9%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NYSE:QEP Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:QEP Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 1,984 1,231 408 1
2022-12-31 1,870 1,151 377 1
2021-12-31 1,578 904 225 4
2020-12-31 1,499 773 175 9
2019-12-31 1,250 569 -50 9
NYSE:QEP Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 1,784 734 -1,075
2018-12-31 1,933 816 -1,012
2018-09-30 1,951 792 -232
2018-06-30 1,780 681 -243
2018-03-31 1,632 611 139
2017-12-31 1,623 600 269
2017-09-30 1,594 614 -14
2017-06-30 1,586 740 -62
2017-03-31 1,536 732 -304
2016-12-31 1,377 667 -1,245
2016-09-30 1,446 740 -1,150
2016-06-30 1,571 704 -1,078

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • QEP Resources's earnings are expected to grow significantly at over 20% yearly.
  • QEP Resources's revenue is expected to grow by 8.7% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NYSE:QEP Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below

All data from QEP Resources Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:QEP Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31 1.71 1.71 1.71 1.00
2022-12-31 1.58 1.58 1.58 1.00
2021-12-31 0.93 1.42 0.39 3.00
2020-12-31 0.76 1.10 0.37 6.00
2019-12-31 -0.10 0.04 -0.27 4.00
NYSE:QEP Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 -4.54
2018-12-31 -4.25
2018-09-30 -0.97
2018-06-30 -1.01
2018-03-31 0.58
2017-12-31 1.12
2017-09-30 -0.06
2017-06-30 -0.26
2017-03-31 -1.30
2016-12-31 -5.62
2016-09-30 -5.58
2016-06-30 -5.67

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • QEP Resources is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess QEP Resources's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
QEP Resources has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has QEP Resources performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare QEP Resources's growth in the last year to its industry (Oil and Gas).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • QEP Resources does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare QEP Resources's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare QEP Resources's 1-year growth to the US Oil and Gas industry average as it is not currently profitable.
Earnings and Revenue History
QEP Resources's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from QEP Resources Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:QEP Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 1,784.30 -1,074.70 163.20
2018-12-31 1,932.60 -1,011.60 168.00
2018-09-30 1,951.10 -232.00 171.60
2018-06-30 1,780.40 -242.60 201.10
2018-03-31 1,631.70 138.80 185.80
2017-12-31 1,622.90 269.30 168.00
2017-09-30 1,593.60 -14.30 133.00
2017-06-30 1,585.90 -61.90 135.30
2017-03-31 1,535.90 -304.30 148.00
2016-12-31 1,377.10 -1,245.00 197.40
2016-09-30 1,445.70 -1,150.30 192.40
2016-06-30 1,570.90 -1,078.30 168.00
2016-03-31 1,811.80 -957.60 176.10
2015-12-31 2,018.60 -149.40 164.20
2015-09-30 2,228.80 -580.60 206.00
2015-06-30 2,631.20 -448.00 213.40
2015-03-31 2,943.80 -477.80 215.30
2014-12-31 3,293.20 -409.50 214.30
2014-09-30 3,235.00 -24.20 197.60
2014-06-30 3,044.50 -165.80 189.60
2014-03-31 2,806.10 69.10 168.20
2013-12-31 2,685.10 52.10 172.30
2013-09-30 2,769.70 113.50 164.70
2013-06-30 2,592.60 98.30 166.10
2013-03-31 2,443.10 -31.20 170.10
2012-12-31 2,071.70 2.40 136.50
2012-09-30 2,498.20 151.10 152.60
2012-06-30 2,835.70 255.70 140.10

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if QEP Resources has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if QEP Resources has efficiently used its assets last year compared to the US Oil and Gas industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if QEP Resources improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess QEP Resources's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Oil and Gas industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
QEP Resources has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is QEP Resources's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up QEP Resources's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • QEP Resources's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • QEP Resources's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of QEP Resources's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from QEP Resources Company Filings, last reported 2 months ago.

NYSE:QEP Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 2,636.10 2,147.90 89.90
2018-12-31 2,750.90 2,507.10
2018-09-30 3,374.90 2,451.10
2018-06-30 3,361.40 2,649.40
2018-03-31 3,696.70 2,458.10
2017-12-31 3,797.90 2,160.80
2017-09-30 3,637.50 2,024.60 782.60
2017-06-30 3,635.00 2,023.00 178.80
2017-03-31 3,583.00 2,022.40 338.40
2016-12-31 3,502.70 2,020.90 443.80
2016-09-30 3,635.10 2,019.30 1,032.20
2016-06-30 3,680.10 2,194.60 1,038.30
2016-03-31 3,457.70 2,192.90 616.40
2015-12-31 3,947.90 2,191.50 376.10
2015-09-30 3,972.10 2,218.50 495.80
2015-06-30 3,947.70 2,218.50 445.60
2015-03-31 4,019.90 2,218.30 500.40
2014-12-31 4,075.30 2,218.10 1,160.10
2014-09-30 4,000.30 3,119.80
2014-06-30 3,825.90 3,915.50 702.30
2014-03-31 3,915.70 3,923.90 3.90
2013-12-31 3,876.80 3,000.10 11.90
2013-09-30 3,924.90 2,884.80 123.00
2013-06-30 3,451.10 3,408.20 139.70
2013-03-31 3,287.80 3,373.20
2012-12-31 3,313.70 3,213.10
2012-09-30 3,377.00 3,187.40
2012-06-30 3,416.20 1,870.90 146.40
  • QEP Resources's level of debt (78.8%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (100.2% vs 78.8% today).
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • QEP Resources has less than a year of cash runway based on current free cash flow.
  • QEP Resources has less than a year of cash runway if free cash flow continues to grow at historical rates of 36.9% each year.
X
Financial health checks
We assess QEP Resources's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. QEP Resources has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is QEP Resources's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from QEP Resources dividends. Estimated to be 0% next year.
If you bought $2,000 of QEP Resources shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate QEP Resources's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate QEP Resources's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NYSE:QEP Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below
United States of America Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 67 Stocks 3.9%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2011 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NYSE:QEP Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 0.00 1.00
2020-12-31 0.00 1.00
2019-12-31 0.00 1.00
NYSE:QEP Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2017-10-25 0.000 0.000
2017-07-26 0.000 0.000
2017-04-26 0.000 0.000
2017-02-22 0.000 0.000
2016-10-26 0.000 0.000
2016-07-27 0.000 0.000
2016-04-27 0.000 0.000
2016-02-24 0.000 0.000
2015-10-26 0.080 0.634
2015-07-27 0.080 0.589
2015-05-11 0.080 0.451
2015-04-29 0.080 0.363
2014-11-04 0.080 0.373
2014-07-29 0.080 0.269
2014-05-13 0.080 0.245
2014-02-14 0.080 0.264
2013-10-29 0.080 0.256
2013-07-30 0.080 0.275
2013-05-24 0.080 0.274
2013-02-14 0.080 0.268
2012-10-31 0.080 0.273
2012-07-31 0.080 0.267
2012-05-14 0.080 0.291
2012-02-14 0.080 0.259
2011-11-04 0.080 0.262
2011-08-03 0.080 0.245
2011-05-18 0.080 0.193
2011-02-25 0.080 0.201
2010-11-16 0.080 0.213
2010-08-09 0.080 0.257

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as QEP Resources has not reported any payouts.
  • Unable to verify if QEP Resources's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of QEP Resources's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as QEP Resources has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of QEP Resources's dividends in 3 years as they are not expected to pay a notable one for United States of America.
X
Income/ dividend checks
We assess QEP Resources's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can QEP Resources afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. QEP Resources has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of QEP Resources's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Tim Cutt
AGE 58
TENURE AS CEO 0.4 years
CEO Bio

Mr. Timothy J. Cutt, also known as Tim, BS (Petroleum Engineering) has been the Chief Executive Officer, President and a Director at QEP Resources, Inc. since January 15, 2019. Mr. Cutt was the Chief Executive Officer at Cobalt International Energy, Inc. since July 2, 2016. Mr. Cutt has over 30 years of oil and gas experience. Mr. Cutt served as the President of Petroleum at BHP Billiton plc from July 2013 to February 29, 2016 where he was accountable for its global oil and gas business. Mr. Cutt served as the President of Petroleum and Potash at BHP Billiton Limited and BHP Billiton plc since July 2, 2013 until March 1, 2016. Mr. Cutt served as President of BHP Group Plc(formerly known as BHP Billiton Group) from July 2013 to March 1, 2016. Mr. Cutt served as the President of Diamonds and Specialty Products of BHP Billiton plc from June 1, 2011 to July 2, 2013. Mr. Cutt served as the President of Production at BHP Billiton's Petroleum business since 2007 until June 2011 where he was accountable for running operations in the UK, Pakistan, Trinidad & Tobago, Algeria, Australia and the US. In this time, he was instrumental in building the operating capacity for BHP Billiton’s Deepwater Business. His career in the resources industry began with Mobil Oil Corporation where he held positions in engineering, operations and senior management. Mr. Cutt held a successful 24-year career with ExxonMobil in roles of significant oil and gas responsibility, including President of ExxonMobil de Venezuela and President of Hibernia Management and Development Company. He served as Production Manager at Exxonmobil Canada Ltd. since August 2004. He has been Director of Cobalt International Energy, Inc. since July 2, 2016. He served as a Director of BHP Billiton Petroleum International Pty. Ltd. since July 01, 2013 until February 23, 2016. Mr. Cutt is a graduate of Louisiana Tech University with a Bachelor of Science Degree in Petroleum Engineering.

CEO Compensation
  • Insufficient data for Tim to compare compensation growth.
  • Insufficient data for Tim to establish whether their remuneration is reasonable compared to companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the QEP Resources management team in years:

5.2
Average Tenure
58
Average Age
  • The average tenure for the QEP Resources management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Richard Doleshek

TITLE
Executive VP & CFO
COMPENSATION
$4M
AGE
60
TENURE
9.4 yrs

Chris Woosley

TITLE
COMPENSATION
$2M
AGE
48
TENURE
7.4 yrs

Tim Cutt

TITLE
CEO, President & Director
AGE
58
TENURE
0.4 yrs

Alice Ley

TITLE
VP, Controller & Chief Accounting Officer
AGE
44
TENURE
5.3 yrs

Jamie Cutler

TITLE
Chief Information Officer & VP
TENURE
8.4 yrs

William Kent

TITLE
Director of Investor Relations

R. Ruskauff

TITLE
Vice President of Marketing

Lauren Miller

TITLE
Vice President of Human Resources
TENURE
1.3 yrs

Jeffery Tommerup

TITLE
Senior Vice President of Northern Region & HSE
AGE
64
TENURE
2.3 yrs

Bill Buese

TITLE
VP of Finance & Treasurer
TENURE
5.1 yrs
Board of Directors Tenure

Average tenure and age of the QEP Resources board of directors in years:

3.8
Average Tenure
58
Average Age
  • The tenure for the QEP Resources board of directors is about average.
Board of Directors

Dave Trice

TITLE
Chairman of the Board
COMPENSATION
$345K
AGE
70
TENURE
0.4 yrs

Tim Cutt

TITLE
CEO, President & Director
AGE
58
TENURE
0.4 yrs

Julie Dill

TITLE
Director
COMPENSATION
$290K
AGE
58
TENURE
6.1 yrs

Bob Heinemann

TITLE
Director
COMPENSATION
$325K
AGE
65
TENURE
5.4 yrs

Mary Shafer-Malicki

TITLE
Independent Director
COMPENSATION
$290K
AGE
57
TENURE
1.9 yrs

Phillips Baker

TITLE
Director
COMPENSATION
$290K
AGE
58
TENURE
9 yrs

Bill Scoggins

TITLE
Director
COMPENSATION
$303K
AGE
70
TENURE
9 yrs

Mike Minarovic

TITLE
Director
COMPENSATION
$290K
AGE
53
TENURE
2.1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess QEP Resources's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. QEP Resources has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Does QEP Resources, Inc.'s (NYSE:QEP) CEO Salary Compare Well With Others?

This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. … How Does Chuck Stanley's Compensation Compare With Similar Sized Companies. … has a market cap of US$1.4b, and is paying total annual CEO compensation of US$7.2m.

Simply Wall St -

Before You Buy QEP Resources, Inc. (NYSE:QEP), Consider Its Volatility

(NYSE:QEP), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. … Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility). … A stock with a beta greater than one is more sensitive to broader market movements than a stock with a beta of less than one.

Simply Wall St -

Why QEP Resources Inc (NYSE:QEP) Delivered An Inferior ROE Compared To The Industry

and want to learn about Return on Equity using a real-life example. … QEP Resources Inc (NYSE:QEP) generated a below-average return on equity of 3.76% in the past 12 months, while its industry returned 10.61%. … Knowing these components can change your views on QEP's below-average returns.

Simply Wall St -

Is It Time To Sell QEP Resources Inc (NYSE:QEP) Based Off Its PE Ratio?

But should this larger multiple be the final verdict of QEP’s overvaluation. … This is because multiples like PE tend to overlook key company-specific factors such as future growth and capital structure … This article will cover some key aspects we should consider in order to determine the best multiple to be used for

Simply Wall St -

Is QEP Resources Inc's (NYSE:QEP) Balance Sheet Strong Enough To Weather A Storm?

With this reduction in debt, QEP's cash and short-term investments stands at US$443.80M , ready to deploy into the business. … On top of this, QEP has generated cash from operations of US$663.70M during the same period of time, leading to an operating cash to total debt ratio of 32.84%, signalling that QEP’s operating cash is sufficient to cover its debt. … Next Steps: QEP’s high cash coverage means that, although its debt levels are high, the company is able to utilise its borrowings efficiently in order to generate cash flow.

Simply Wall St -

What Does QEP Resources Inc's (NYSE:QEP) Share Price Indicate?

I find that QEP Resources’s ratio of 0.65x is trading slightly below its industry peers’ ratio of 1.36x, which means if you buy QEP Resources today, you’d be paying a relatively reasonable price for it. … Although value investors would argue that it’s the intrinsic value relative to the price that matter the most, a more compelling investment thesis would be high growth potential at a cheap price. … However, the positive outlook is encouraging for QEP Resources, which means it’s worth further examining other factors such as the strength of its balance sheet, in order to take advantage of the next price drop.

Simply Wall St -

QEP Resources Inc's (QEP) EPS Grew 98.9% In A Year. Was It Better Than Long-Term Trend?

I prefer to use the ‘latest twelve-month’ data, which annualizes the latest 6-month earnings release, or some times, the latest annual report is already the most recent financial data. … This suggests that any recent headwind the industry is experiencing, QEP Resources is less exposed compared to its peers.What does this mean? … Take a look at our free research report of analyst consensus for QEP’s outlook.

Simply Wall St -

Company Info

Description

QEP Resources, Inc. operates as a crude oil and natural gas exploration and production company in the United States. The company conducts exploration and production activities in the Permian Basin in Western Texas; and Williston Basin in North Dakota. As of December 31, 2018, it had estimated proved reserves of approximately 658.2 MMboe. The company sells its gas, oil, and natural gas liquids to various customers, including wholesale marketers, industrial users, local distribution companies, midstream service providers, and utility companies. QEP Resources, Inc. was incorporated in 2010 and is headquartered in Denver, Colorado.

Details
Name: QEP Resources, Inc.
QEP
Exchange: NYSE
Founded: 2010
$1,406,847,888
238,045,328
Website: http://www.qepres.com
Address: QEP Resources, Inc.
1050 17th Street,
Suite 800,
Denver,
Colorado, 80265,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE QEP Common Stock New York Stock Exchange US USD 16. Jun 2010
DB Q8Q Common Stock Deutsche Boerse AG DE EUR 16. Jun 2010
Number of employees
Current staff
Staff numbers
465
QEP Resources employees.
Industry
Oil and Gas Exploration and Production
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/16 00:31
End of day share price update: 2019/06/14 00:00
Last estimates confirmation: 2019/06/14
Last earnings filing: 2019/04/24
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.