Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
Glass Lewis Joins ISS in Reaffirming Support for Pending Acquisition of QEP Resources by Diamondback Energy DENVER, March 12, 2021 (GLOBE NEWSWIRE) -- QEP Resources, Inc. (NYSE: QEP) (QEP or the Company) today issued the following statement in response to Glass Lewis & Co.’s (Glass Lewis) decision to reaffirm its previous recommendation of support for the pending acquisition of QEP by Diamondback Energy, Inc. (Nasdaq: FANG) (Diamondback). The Company is pleased to receive Glass Lewis’ continued support of its pending transaction with Diamondback Energy as evidenced by Glass Lewis reaffir...
ISS Reaffirms Recommendation FOR Pending Acquisition of QEP Resources by Diamondback Energy DENVER, March 11, 2021 (GLOBE NEWSWIRE) -- QEP Resources, Inc. (NYSE: QEP) (QEP or the Company) today announced that Institutional Shareholder Services (ISS) has reaffirmed its previous recommendation of support for the proposed acquisition of QEP by Diamondback Energy, Inc. (Nasdaq: FANG) (Diamondback), citing the transaction’s “credible strategic rationale and multiple levers for value creation.” The proposed acquisition continues to receive high levels of support from QEP shareholders and the C...
QEP Reports Fourth Quarter and Full Year 2020 Financial and Operating Results DENVER, Feb. 24, 2021 (GLOBE NEWSWIRE) -- QEP Resources, Inc. (NYSE: QEP) (QEP or the Company) today reported fourth quarter and full year 2020 financial and operating results. FULL YEAR 2020 HIGHLIGHTS Lowered 2020 average drilling and completion costs to $411 per lateral foot in the Permian BasinReduced General & Administrative expense by approximately 40% compared to 2019Generated $673.2 million of Net Cash Provided from Operating ActivitiesDelivered $225.4 million of Free Cash Flow (a non-GAAP measure)Reti...
Rating Action: Moody's reviews QEP Resources' ratings for upgrade pending acquisition by Diamondback Energy. Global Credit Research- 21 Dec 2020. New York, December 21, 2020-- Moody's Investors Service, placed the ratings of QEP Resources, Inc. under review for upgrade.
Diamondback Energy, Inc. to Acquire QEP Resources in All-Stock Transaction MIDLAND, Texas, Dec. 21, 2020 (GLOBE NEWSWIRE) -- Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback” or the “Company”) and QEP Resources (NYSE: QEP) (“QEP”) today announced that they have entered into a definitive agreement under which Diamondback will acquire QEP in an all-stock transaction valued at approximately $2.2 billion, including QEP’s net debt of $1.6 billion as of September 30, 2020. The consideration will consist of 0.05 shares of Diamondback common stock for each share of QEP common stock, represen...
QEP Resources Announces Participation in an Upcoming Investor Conference DENVER, Dec. 10, 2020 (GLOBE NEWSWIRE) -- QEP Resources, Inc. (NYSE: QEP) (the “Company”) announced today that members of the Company’s senior management will participate in the upcoming MKM Partners Virtual Conference on Wednesday, December 16, 2020, at 11:50am ET (9:50 am MT). A link to the webcast will be available at . Attendees should log in to the webcast approximately 15 minutes prior to the presentation’s start time. About QEP Resources QEP Resources, Inc. (NYSE: QEP) is an independent crude oil and natural...
QEP Resources Receives Continued Listing Notice from NYSE DENVER, Nov. 03, 2020 (GLOBE NEWSWIRE) -- QEP Resources, Inc. (NYSE: QEP) (QEP or the Company) announced that on October 28, 2020, it received written notice from the New York Stock Exchange (NYSE) that the average closing price of the Company's common stock over the prior 30-consecutive trading day period was below $1.00 per share, which is the minimum average share price for continued listing on the NYSE. QEP has notified the NYSE of its intent to cure the deficiency and return to compliance with the NYSE continued listing requi...
QEP Resources Reports Third Quarter 2020 Financial and Operating Results DENVER, Oct. 28, 2020 (GLOBE NEWSWIRE) -- QEP Resources, Inc. (NYSE: QEP) (QEP or the Company) today reported third quarter 2020 financial and operating results. Third Quarter 2020 Highlights Received a $170.7 million Alternative Minimum Tax (AMT) credit refund, which included $5.6 million of interest incomeGenerated $329.6 million of Net Cash Provided from Operating ActivitiesDelivered $98.3 million of Free Cash Flow (a non-GAAP measure)Redeemed the remaining $275.3 million in principal amount of the 2021 Senior N...
QEP Resources Announces Third Quarter 2020 Financial and Operational Results Release Date and Conference Call DENVER, Oct. 14, 2020 (GLOBE NEWSWIRE) -- QEP Resources, Inc. (NYSE: QEP) announced today that it will host a teleconference and webcast to discuss its third quarter 2020 results beginning at 9:00 a.m. ET (7:00 a.m. MT) on Thursday, October 29, 2020. QEP will issue a news release containing third quarter 2020 financial and operational results on Wednesday, October 28, 2020, after market close. The conference call can be heard live through a link on the QEP website, . In addition,...
QEP Resources Completes Redemption of Its 6.875% Senior Notes Due 2021 DENVER, Sept. 30, 2020 (GLOBE NEWSWIRE) -- QEP Resources, Inc. (NYSE:QEP) (QEP or the Company) today announced that it completed its previously announced redemption of its 6.875% Senior Notes due 2021 (the “2021 Notes”) in the aggregate principal amount of $275.3 million. The 2021 Notes were redeemed at a redemption price equal to 102.628% of the principal amount thereof, plus accrued and unpaid interest up to, but not including, September 30, 2020. About QEP Resources, Inc. QEP Resources, Inc. (NYSE: QEP) is an in...
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of QEP Resources, Inc.. Global Credit Research- 11 Sep 2020. New York, September 11, 2020-- Moody's Investors Service has completed a periodic review of the ratings of QEP Resources, Inc. and other ratings that are associated with the same analytical unit.
QEP Resources Issues Notice of Redemption for its 6.875% Senior Notes Due 2021 DENVER, Aug. 31, 2020 (GLOBE NEWSWIRE) -- QEP Resources, Inc. (NYSE:QEP) (QEP or the Company) today announced that it has issued a notice (the “Redemption Notice”) to holders of its outstanding 6.875% Senior Notes due 2021 (the “2021 Notes”) of QEP’s intent to redeem all of the outstanding 2021 Notes on or around September 30, 2020. The redemption price for the 2021 Notes will be calculated pursuant to the formula set forth in the indenture governing the 2021 Notes. Additional information concerning the terms...
QEP Resources Reports Second Quarter 2020 Financial and Operating Results and Provides Update to 2020 Plan DENVER, July 29, 2020 (GLOBE NEWSWIRE) -- QEP Resources, Inc. (NYSE: QEP) (QEP or the Company) today reported second quarter 2020 financial and operating results and provided an update to its 2020 plan in response to current market conditions. Second Quarter 2020 Highlights Amended Credit Agreement increasing liquidity by more than $500 millionReduced capital expenditures to $36.6 million down from $178.5 million in the first quarter 2020Lowered lease operating expense by 37% compa...
QEP Resources Announces Second Quarter 2020 Financial and Operational Results Release Date and Conference Call DENVER, July 15, 2020 (GLOBE NEWSWIRE) -- QEP Resources, Inc. (NYSE: QEP) announced today that it will host a teleconference and webcast to discuss its second quarter 2020 results beginning at 9:00 a.m. ET (7:00 a.m. MT) on Thursday, July 30, 2020. QEP will issue a news release containing second quarter 2020 financial and operational results on Wednesday, July 29, 2020, after market close. The conference call can be heard live through a link on the QEP website, . In addition, yo...
The independent financial analyst theScreener just lowered the general evaluation of QEP RESOURCES INCO. (US), active in the Exploration & Production industry. As regards its fundamental valuation, the title now shows 1 out of 4 stars while market behaviour can be considered risky. theScreener believes that the title remains under pressure due to the loss of a star(s) and downgrades its general evaluation to Negative. As of the analysis date July 7, 2020, the closing price was USD 1.36 and its t...
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