Digging Up the Facts on QEP Resources, Inc. (QEP)

QEP Resources, Inc. (QEP) is an interesting player in the Basic Materials space, with a focus on Oil & Gas Pipelines. The stock has been active on the tape, currently trading at $9.43, down from yesterday’s close by -0.63%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.

Fundamental Analysis

QEP Resources, Inc. (QEP) currently trades with a market capitalization of $2.27 Billion. That value represents a market adjusting for revenues that have been growing by 7.33 % on a quarterly year/year basis as of the company’s last quarterly report.

You can get a sense of how sustainable that is by a levered free cash flow of -$1.03 Billion over the past twelve months. Generally speaking, earnings are expected to hold steady in coming quarters. Analysts are forecasting earnings of -$0.17 on a per share basis this quarter. Perhaps, that suggests something about why 1.10% of the outstanding share supply is held by institutional investors.

Technical Analysis

We’ve taken a serious look at this stock from a fundamental perspective, but the tale of the tape may offer more hints about what lies under the surface. Looking at the stock’s movement on the chart, QEP Resources, Inc. recorded a 52-week high of $13.67. It is now trading 4.24% off that level. The stock is trading $9.48 its 50-day moving average by 0.050000000000001%. The stock carved out a 52-week low down at $7.02.

In recent action, QEP Resources, Inc. (QEP) has made a move of +20.90% over the past month, which has come on Strong relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 16.68, and it’s gotten there by action that has been more volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 10.25% with $238.61 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of QEP.

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