QEP

QEP Resources Inc.

Energy


Presented:02/28/2013
Price:$30.88
Cap:$5.51B
Current Price:$4.08
Cap:$0.97B

Presented

Date02/28/2013
Price$30.88
Market Cap$5.51B
Ent Value$8.77B
P/E Ratio4.85x
Book Value$23.23
Div Yield0.4%
Shares O/S178.55M
Ave Daily Vol1,650,000
Short Int6.34%

Current

Price$4.08
Market Cap$0.97B
QEP Resources, Inc., through its subsidiaries, operates as an exploration and production company. The company acquires, explores, develops, and produces natural gas, oil, and natural gas liquids (NGLs) primarily in the Pinedale Anticline in western Wyoming; the Williston Basin in North Dakota; the Uinta Basin in eastern Utah; the Permian Basin in western Texas; the Haynesville/Cotton Valley in northwestern Louisiana; and other proven properties in Wyoming, Utah, and Colorado. As of December 31, 2014, it had estimated proved reserves of 3,931.9 Bcfe. The company markets and sells its products to various customers, including gas-marketing firms, industrial users, local-distribution companies, crude oil refiners, and remarketers. In addition, it markets and sells affiliate and third-party gas, oil, and NGLs in the Rocky Mountains and Midcontinent areas; and owns and operates an underground gas-storage reservoir in southwestern Wyoming. QEP Resources, Inc. is headquartered in Denver, Colorado.

Highlights

Our presenter is bullish on QEP’s recent announcement (January, 2013) to carve out its midstream business as a MLP (the s1 is expected in the second quarter). With the stock trading at ~$30, he sees upside to $39-$40 based on a number of factors, including:

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Idea Discussion

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