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QEP Resources downgraded to Underweight from Neutral at Piper Sandler » 06:12
03/31/20
03/31
06:12
03/31/20
06:12
QEP

QEP Resources

$0.31 /

-0.0764 (-19.76%)

Piper Sandler analyst…

Piper Sandler analyst Kashy Harrison downgraded QEP Resources to Underweight from Neutral with a price target of $1, down from $1.50. The analyst downgraded the shares to reflect Piper's underlying energy macro framework coupled with concerns surrounding liquidity/maturities/covenants.

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Over a week ago
Recommendations
Stephens upgrades Hess, downgrades 11 others in E&P following oil's melt down » 08:02
03/20/20
03/20
08:02
03/20/20
08:02
HES

Hess Corp.

$31.12 /

+0.77 (+2.54%)

, AXAS

Abraxas Petroleum

$0.10 /

+0.0116 (+12.55%)

, WLL

Whiting Petroleum

$1.41 /

+0.315 (+28.77%)

, XOG

Extraction Oil & Gas

$0.56 /

+0.229 (+70.03%)

, CLR

Continental Resources

$9.10 /

+1.195 (+15.13%)

, CPE

Callon Petroleum

$0.50 /

+0.0549 (+12.38%)

, SM

SM Energy

$1.39 /

+0.31 (+28.70%)

, DNR

Denbury Resources

$0.27 /

+0.0232 (+9.59%)

, QEP

QEP Resources

$0.48 /

-0.0599 (-11.09%)

, MTDR

Matador

$1.54 /

+0.36 (+30.51%)

, OAS

Oasis Petroleum

$0.42 /

+0.0512 (+14.00%)

, UNT

Unit Corp.

$0.22 /

+0.0325 (+17.09%)

Stephens analyst Gail…

Stephens analyst Gail Nicholson updated her ratings, target prices and estimates for all of the Exploration & Production stocks she covers after "coronavirus destroyed an already tenuous demand outlook and two oil behemoths have decided not to play together in the sand box." While she has a near-term bearish outlook on the energy sector, she believes a recovery, likely one with a "U-shape," will come in 2021, Nicholson tells investors. She upgraded Hess Corp. (HES) to Overweight with a price target of $56, noting that the stock is down 53% year-to-date and she sees an attractive entry point for investors looking for exposure to a low cost, high quality resource owner. Meanwhile, Nicholson downgraded Extraction Oil & Gas (XOG) to Underweight from Equal Weight with a price target of $1, downgraded Abraxas Petroleum (AXAS) to Underweight from Equal Weight with a price target of 25c, downgraded Whiting Petroleum (WLL) to Underweight from Equal Weight with a price target of $1, downgraded Continental Resources (CLR) to Equal Weight from Overweight with a price target of $12, downgraded Callon Petroleum (CPE) to Equal Weight from Overweight with a price target of $1, downgraded SM Energy (SM) to Equal Weight from Overweight with a price target of $3, downgraded Denbury Resources (DNR) to Underweight from Equal Weight with a price target of $1, downgraded QEP Resources (QEP) to Equal Weight from Overweight with a price target of $1, downgraded Matador (MTDR) to Equal Weight from Overweight with a price target of $6, downgraded Oasis Petroleum (OAS) to Underweight from Equal Weight with a price target of $1, and downgraded Unit Corp. (UNT) to Underweight from Equal Weight with a price target of 50c.

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Downgrade
QEP Resources downgraded to Equal Weight from Overweight at Stephens » 07:46
03/20/20
03/20
07:46
03/20/20
07:46
QEP

QEP Resources

$0.48 /

-0.0599 (-11.09%)

Stephens analyst Gail…

Stephens analyst Gail Nicholson downgraded QEP Resources to Equal Weight from Overweight with a price target of $1, down from $5.

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Initiation
QEP Resources assumed with a Neutral at Credit Suisse » 06:57
03/19/20
03/19
06:57
03/19/20
06:57
QEP

QEP Resources

$0.54 /

+0.0604 (+12.59%)

As previously reported,…

As previously reported, Credit Suisse analyst William Janela assumed coverage of QEP Resources with a Neutral rating and $1 price target. The company's 2021-22 debt maturities are a key concern and its liquidity runway "begins to narrow considerably" if oil prices stay under $50 per barrel, Janela tells investors.

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Initiation
QEP Resources assumed with a Neutral at Credit Suisse » 16:36
03/18/20
03/18
16:36
03/18/20
16:36
QEP

QEP Resources

$0.54 /

+0.0604 (+12.59%)

Credit Suisse analyst…

Credit Suisse analyst William Janela assumed coverage of QEP Resources with a Neutral rating and $1 price target.

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Earnings
QEP Resources says 2020 guidance 'should no longer be relied upon'  08:04
03/13/20
03/13
08:04
03/13/20
08:04
QEP

QEP Resources

$0.57 /

-0.0376 (-6.20%)

 
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Hot Stocks
QEP Resources plans to suspend 2c dividend following March 20 payment  08:03
03/13/20
03/13
08:03
03/13/20
08:03
QEP

QEP Resources

$0.57 /

-0.0376 (-6.20%)

 
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Hot Stocks
QEP Resources expects to reduce planned 2020/2021 capex by over $300M » 08:03
03/13/20
03/13
08:03
03/13/20
08:03
QEP

QEP Resources

$0.57 /

-0.0376 (-6.20%)

Expects to reduce planned…

Expects to reduce planned 2020 and 2021 combined capital expenditures by more than an aggregate $300 million, or nearly 30%; Plans to suspend completion operations in the Permian Basin from early May through at least the beginning of the fourth quarter 2020; Intends to release the intermediate drilling rig operating in the Permian Basin at the conclusion of its current operation in March 2020; Plans to suspend the refracturing program in the Williston Basin upon completion of current projects for the remainder of 2020; Expects to generate approximately $75 million of Free Cash Flow in 2020 at $35/bbl WTI, which excludes the $37.5 million tax refund expected in 2020; The adjusted plan is expected to generate Free Cash Flow in 2021 at current commodity strip prices.

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Recommendations
QEP Resources assumed with an Equal Weight at Wells Fargo » 06:21
03/10/20
03/10
06:21
03/10/20
06:21
QEP

QEP Resources

$0.59 /

-0.8402 (-58.55%)

Wells Fargo analyst Tom…

Wells Fargo analyst Tom Hughes assumed coverage of QEP Resources with an Equal Weight rating and $5 price target. Hughes tells investors in a research note that while QEP is a great operator with peer-leading metrics on almost every cost and efficiency measurement, he believes the capital structure will continue to draw a cloud over that prowess until maturities are resolved.

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On The Fly
Oil-linked stocks see mass of downgrades on potential 'Energy Armageddon' » 11:23
03/09/20
03/09
11:23
03/09/20
11:23
HAL

Halliburton

$8.50 /

-4.56 (-34.92%)

, SLB

Schlumberger

$17.38 /

-6.47 (-27.13%)

, HP

Helmerich & Payne

$21.96 /

-5.69 (-20.58%)

, HLX

Helix Energy

$3.40 /

-1.75 (-33.98%)

, CLB

Core Laboratories

$16.29 /

-7.54 (-31.64%)

, FET

Forum Energy

$0.37 /

-0.177 (-32.17%)

, WHD

Cactus

$15.07 /

-7.69 (-33.79%)

, AMNA

Alerian Midstream Energy Index

$0.00 /

+ (+0.00%)

, APA

Apache

$12.14 /

-8.555 (-41.34%)

, CHK

Chesapeake

$0.16 /

-0.0578 (-26.59%)

, DVN

Devon Energy

$9.13 /

-4.23 (-31.66%)

, OVV

Ovintiv

$4.09 /

-3.86 (-48.55%)

, EOG

EOG Resources

$39.09 /

-16.2 (-29.30%)

, MRO

Marathon Oil

$4.01 /

-2.815 (-41.25%)

, OXY

Occidental Petroleum

$17.60 /

-7.67 (-30.35%)

, CDEV

Centennial Resource Development

$0.62 /

-0.8912 (-59.02%)

, CPE

Callon Petroleum

$0.44 /

-0.8512 (-65.98%)

, ESTE

Earthstone Energy

$2.03 /

-1.4 (-40.82%)

, FANG

Diamondback Energy

$25.34 /

-23.23 (-47.83%)

, MTDR

Matador

$2.27 /

-4.27 (-65.29%)

, PE

Parsley Energy

$6.39 /

-4.07 (-38.91%)

, PXD

Pioneer Natural

$68.59 /

-36.54 (-34.76%)

, REI

Ring Energy

$0.83 /

-0.2349 (-22.06%)

, ROSE

Rosehill Resources

$0.60 /

-0.2546 (-29.68%)

, WPX

WPX Energy

$3.88 /

-2.61 (-40.22%)

, XEC

Cimarex Energy

$14.45 /

-9.99 (-40.88%)

, CLR

Continental Resources

$8.90 /

-5.95 (-40.07%)

, ERF

Enerplus

$2.65 /

-0.85 (-24.29%)

, NOG

Northern Oil and Gas

$1.01 /

-0.285 (-22.09%)

, WLL

Whiting Petroleum

$0.84 /

-0.4887 (-36.88%)

, MGY

Magnolia Oil & Gas

$4.12 /

-2.14 (-34.19%)

, WTI

W&T Offshore

$1.67 /

-0.325 (-16.29%)

, SM

SM Energy

$1.25 /

-2.575 (-67.41%)

, PDCE

PDC Energy

$8.45 /

-5.64 (-40.03%)

, NBL

Noble Energy

$8.79 /

-4.52 (-33.96%)

, BCEI

Bonanza Creek

$11.70 /

-3.83 (-24.66%)

, AXAS

Abraxas Petroleum

$0.13 /

-0.0205 (-13.67%)

, VET

Vermilion Energy

$5.34 /

-2.395 (-30.96%)

, AM

Antero Midstream

$3.81 /

-0.375 (-8.97%)

, ENLC

EnLink Midstream

$2.18 /

-0.955 (-30.51%)

, ET

Energy Transfer LP

$8.25 /

-1.97 (-19.28%)

, OKE

Oneok

$39.00 /

-22.21 (-36.28%)

, PAA

Plains All American

$8.68 /

-3.32 (-27.67%)

, PAGP

Plains GP Holdings

$8.93 /

-3.26 (-26.74%)

, TELL

Tellurian

$0.90 /

-0.3 (-25.00%)

, TRGP

Targa Resources

$15.99 /

-11.82 (-42.50%)

, BRY

Berry Petroleum

$4.23 /

-1.04 (-19.73%)

, GPOR

Gulfport Energy

$0.58 /

+0.0795 (+15.90%)

, QEP

QEP Resources

$0.63 /

-0.8081 (-56.31%)

Oil exploration and…

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