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QEP $4.08

QEP target price
4.08
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Questar Corporation
Type
Subsidiary
Traded as NYSE: STR
Industry Natural Gas
Founded 1928
Headquarters Salt Lake City, Utah, United States
Products Natural Gas
Number of employees
Increase 1,725 (2014)
Parent Dominion Energy
Website www.questar.com

Coordinates: 40°46′N 111°53′W / 40.767°N 111.883°W / 40.767; -111.883

Questar Corporation is a natural gas-focused energy company based in Salt Lake City, Utah in the Rocky Mountains. Questar's three major lines of business — retail gas distribution, interstate gas transportation and gas production — are conducted through its principal subsidiaries: Questar Gas, Questar Pipeline and Wexpro. Wexpro is an oil and natural gas producer in the Rocky Mountains.

Previously known as Mountain Fuel Supply Company the company reorganized under a holding company in 1984 and is publicly traded as Questar Corporation. Mountain Fuel Supply formally changed its name to Questar Gas Company in 1998.

Questar Corporation's origins began in 1928, as a holding company named Western Public Service Corporation. That company was formed to bring natural gas to the Salt Lake City region of northern Utah from fields across the state border to the east in southwestern Wyoming. Mountain Fuel Supply Company was at that time the name of the holding company's oil and gas exploration and production affiliate.

In 1935, the shareholders voted to reorganize Western Public Service Corporation as a single company. Mountain Fuel Supply Company (MFS) then became the name of the reorganized consolidated company, which was publicly traded on the New York Stock Exchange under that name from then until 1984. Beginning in 1935, it also paid a cash dividend to shareholders every year since that time.

In 1963, the company began to use a new trademark logo, in the shape of a trapezoid. That logo remained in use until becoming Questar Gas in 1998.

In 1984, Mountain Fuel Supply Company shareholders voted to return to the holding-company structure, and chose the name Questar Corporation as the new parent holding company name. Questar Corporation continues to trade on the NYSE, under its stock symbol STR.

Construction began in August 2010 on a new $45 million 6-story building at 333 South State Street in downtown Salt Lake City, Utah. The new facility was completed and opened in March 2012. The 170,000-square-foot (16,000 m) building replaces Questar's former headquarters located at 180 East 100 South. The new Questar Center building is one of the first LEED Silver energy-efficient buildings in downtown Salt Lake. The new headquarters accommodates some 600 Questar employees in a floor plan that is 20 percent smaller than Questar's former headquarters. Employees working at Questar's D.N. Rose operation center in Salt Lake City will continue to operate from that location as well.

On January 1, 1998, Mountain Fuel Supply Company was renamed Questar Gas Company, bringing all of Questar's divisions under the single Questar brand name. The move was prompted by new deregulation in the energy industry, which allowed the company to offer wider choices to customers, and to venture into new lines of business. The old Mountain Fuel Supply name had been primarily associated with natural gas delivery up until that time. In 1998 the Questar Corporation also began to use its newly reworked version of the traditional trapezoid logo throughout the organization.

At the time, R. D. Cash was chairman, president and chief executive officer of Questar Corporation.

Other Questar affiliates were already moving into newly available energy market areas, such as Questar Energy Trading, which had begun to market electricity on the wholesale level, and Questar Energy Services, which had begun selling retail products including earthquake braces and carbon-monoxide monitors, and providing home-security and appliance-maintenance services. Also, Questar InfoComm began selling information technology and telecommunications.

By 1998, Questar Corporation had become one of the largest companies headquartered in Utah, with 2,500 employees and about US$1.8 billion in assets. The company had two major divisions:

In April 2003, D. N. "Nick" Rose, president and chief executive officer of Questar Regulated Services, retired and Alan K. Allred, who served as executive vice president and chief operating officer of the QRS group, succeed Rose.

By 2006, the Regulated Services segment had been subdivided instead into segments named Questar Gas and Questar Pipeline, for a total of three primary subsiary companies within Questar, with four major lines of business:

In 2005, Knox Lawrence International acquired Consonus Inc., a Questar subsidiary which was formed 5 years ago and had housed and managed computer data centers for dozens of businesses. Questar Corp. was getting out of the data center management business.

On July 1, 2010, Questar Market Resources (QMR) exploration and production business was spun off to form a new publicly traded company, QEP Resources, Inc. (NYSE: QEP). QEP established its company headquarters in Denver, Colo. Questar Corporation's board of directors elected Ron W. Jibson as president and CEO.

On October 19, 2014 Tesoro Logistics LP agreed to buy QEP Resources Inc.’s natural-gas pipeline and processing business for $2.5 billion in cash to expand its business in the Rocky Mountains and North Dakota.

It was announced on February 1, 2016 that Dominion Resources, an energy company based in Richmond, Virginia, would be purchasing Questar Corporation for $25 dollars a share (about $4.4 billion).

On September 16, 2016 the Dominion Resources and Questar Corporation merger was officially completed. Dominion Questar becomes the official name for the Salt Lake City based subsidiary of Dominion Resources. Current CEO of Questar Corporation, Ron Jibson, is named to the board of directors at Dominion Resources following the completion of the merger.

Questar's operations consist of three major lines of business — retail gas distribution, interstate gas transportation and gas production.

Questar Gas Company (QGC) — retail gas distribution — is a public natural gas utility in Utah, southwestern Wyoming and southeastern Idaho.

Questar Pipeline Company (QPC) — interstate pipeline and storage in Utah, Wyoming and Colorado.

Wexpro Company (WEX) — develops and produces gas and oil on certain properties for affiliate Questar Gas under the terms of a long-standing comprehensive agreement with the states of Utah and Wyoming. Wexpro delivers natural gas production to Questar Gas at a price equal to Wexpro's cost of service.

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q1 2021 2021-04-27 Future report Set alerts
Q4 2020 2021-02-24 -0.04 -0.04
Q3 2020 2020-10-28 0.13 -0.20
Q2 2020 2020-07-29 -0.06 -0.76
Q1 2020 2020-04-29 0.21 1.54
Q4 2019 2020-02-26 -0.10 -0.46
Q3 2019 2019-10-23 0.05 0.34
Q2 2019 2019-08-07 -0.04 0.20
Q1 2019 2019-04-24 0.15 -0.49
Q4 2018 2019-02-20 -0.13 -2.66

Ratings

2016-07-06 Reiterated Rating Wells Fargo & Co. Market Perform
2016-06-30 Reiterated Rating KLR Group Buy $25.00 to $27.00
2016-06-22 Reiterated Rating Drexel Hamilton Buy $33.00
2016-06-22 Reiterated Rating Cantor Fitzgerald Buy
2016-06-15 Upgrade Simmons Neutral to Overweight $20.00 to $24.00
2016-06-14 Upgrade Piper Jaffray Neutral to Overweight
2016-06-14 Boost Price Target Deutsche Bank Buy $22.00 to $23.00
2016-06-14 Upgrade Piper Jaffray Cos. Neutral to Overweight
2016-06-14 Boost Price Target Deutsche Bank AG Buy $22.00 to $23.00
2016-06-07 Initiated Coverage Drexel Hamilton Buy $33.00
2016-05-22 Reiterated Rating Cantor Fitzgerald Buy
2016-05-16 Reiterated Rating Sterne Agee CRT Buy
2016-04-29 Upgrade Raymond James Outperform to Strong-Buy $27.00
2016-04-29 Upgrade Raymond James Financial Inc. Outperform to Strong-Buy $27.00
2016-04-12 Initiated Coverage JPMorgan Chase & Co. Overweight $17.00
2016-03-23 Reiterated Rating Deutsche Bank Buy $16.00 to $20.00
2016-03-16 Initiated Coverage KLR Group Buy $23.00
2016-03-12 Reiterated Rating Deutsche Bank Buy
2016-03-03 Lower Price Target BMO Capital Markets Marketperform $15.00 to $12.00
2016-02-29 Lower Price Target SunTrust Neutral $12.00
2016-02-29 Lower Price Target SunTrust Banks Inc. Neutral $12.00
2016-02-25 Reiterated Rating Cantor Fitzgerald Buy $16.00
2016-02-08 Reiterated Rating Cantor Fitzgerald Buy $16.00
2016-02-03 Boost Price Target Deutsche Bank $13.00 to $16.00
2016-01-28 Lower Price Target Barclays Equal Weight $14.00 to $11.00
2016-01-28 Lower Price Target Barclays PLC Equal Weight $14.00 to $11.00
2016-01-21 Lower Price Target Deutsche Bank Buy $17.00 to $13.00
2015-12-28 Reiterated Rating Cantor Fitzgerald Buy
2015-12-22 Initiated Coverage Cantor Fitzgerald Buy $20.00
2015-12-09 Upgrade Deutsche Bank Hold to Buy
2015-12-08 Lower Price Target Barclays Equal Weight $16.00 to $15.00
2015-12-08 Reiterated Rating Deutsche Bank Hold to Hold $18.00
2015-11-19 Upgrade Goldman Sachs Neutral to Buy $19.00
2015-11-19 Upgrade Goldman Sachs Group Inc. Neutral to Buy $19.00
2015-11-03 Boost Price Target Deutsche Bank $17.00 to $18.00
2015-11-02 Boost Price Target SunTrust Neutral $16.00 to $17.00
2015-11-02 Boost Price Target Barclays Equal Weight $13.00 to $16.00
2015-10-30 Boost Price Target Raymond James $17.00 to $18.00
2015-10-30 Boost Price Target Cowen and Company $18.00 to $22.00
2015-10-14 Reiterated Rating Deutsche Bank Hold $16.00 to $17.00
2015-10-09 Lower Price Target Cowen and Company $19.00 to $18.00
2015-09-09 Reiterated Rating Deutsche Bank Hold $16.00
2015-09-08 Reiterated Rating Cowen and Company Outperform $23.00 to $19.00
2015-09-08 Reiterated Rating Barclays Equal Weight $16.00 to $13.00
2015-08-19 Lower Price Target Capital One Financial Corp. $29.00 to $27.00
2015-08-14 Lower Price Target Howard Weil $30.00 to $29.00
2015-08-08 Reiterated Rating Imperial Capital Buy
2015-08-07 Lower Price Target Imperial Capital Outperform $34.00 to $27.00
2015-07-14 Reiterated Rating Deutsche Bank Hold $25.00 to $23.00
2015-07-13 Initiated Coverage Cowen and Company Outperform $23.00
2015-06-30 Reiterated Rating Imperial Capital Outperform
2015-05-09 Reiterated Rating SunTrust Neutral $23.00 to $25.00
2015-03-27 Initiated Coverage Imperial Capital Outperform $33.00
2015-03-10 Initiated Coverage SunTrust Neutral $23.00
2015-03-03 Lower Price Target Barclays Equal Weight $16.00 to $14.00
2015-02-26 Reiterated Rating MKM Partners Overweight to Equal Weight
2015-02-26 Downgrade Stephens Overweight to Equal Weight
2015-02-25 Downgrade BMO Capital Markets Outperform to Market Perform $18.00
2015-02-02 Lower Price Target Howard Weil Sector Outperform $38.00 to $27.00
2015-01-23 Initiated Coverage Deutsche Bank Hold $32.00
2015-01-14 Lower Price Target Barclays Equal Weight $21.00 to $16.00
2014-12-18 Downgrade Wells Fargo & Co. Outperform to Market Perform
2014-12-18 Downgrade Wells Fargo Outperform to Market Perform
2014-12-16 Lower Price Target Barclays Equal Weight $31.00 to $21.00
2014-12-01 Downgrade Simmons Overweight to Neutral
2014-10-22 Reiterated Rating Barclays Equal Weight $31.00 to $32.00
2014-10-09 Reiterated Rating Barclays Equal Weight $36.00 to $31.00
2014-10-01 Reiterated Rating Barclays Equal Weight $37.00 to $36.00
2014-09-08 Lower Price Target Raymond James $41.00 to $40.00
2014-06-05 Reiterated Rating JPMorgan Chase & Co. Neutral $32.00 to $33.00
2014-05-27 Boost Price Target Raymond James $37.00 to $38.00
2014-05-19 Upgrade Ned Davis Research Sell to Neutral
2014-05-16 Downgrade Barclays Overweight to Equal weight $36.00 to $31.00
2014-05-08 Downgrade Barclays Overweight to Equal weight $36.00 to $31.00
2014-04-30 Downgrade Barclays Overweight to Equal weight $36.00 to $31.00
2014-04-23 Boost Price Target Guggenheim $36.00 to $42.00
2014-04-22 Downgrade Barclays Overweight to Equal Weight $36.00 to $31.00
2014-03-25 Lower Price Target Raymond James $37.00 to $34.00
2014-02-27 Lower Price Target Guggenheim $41.00 to $36.00
2014-02-26 Lower Price Target Howard Weil Sector Outperform $43.00 to $40.00
2014-02-04 Boost Price Target Societe Generale Buy $36.00 to $38.00
2014-01-13 Lower Price Target Barclays Overweight $39.00 to $36.00
2013-12-10 Boost Price Target Canaccord Genuity Hold $31.00 to $32.00
2013-12-03 Boost Price Target Barclays Overweight $37.00 to $39.00
2013-12-03 Boost Price Target Sterne Agee CRT $36.00 to $39.00
2013-10-22 Boost Price Target Guggenheim Buy $45.00 to $47.00
2013-08-20 Reiterated Howard Weil Sector Outperform $43 to $47
2012-09-11 Initiated BMO Capital Markets Outperform
2012-04-25 Downgrade Howard Weil Focus Stock to Market Outperform
2011-11-04 Initiated Deutsche Bank Buy $49
2011-07-14 Initiated Howard Weil Market Outperform $59
2011-03-29 Reiterated Barclays Capital Overweight $45 to $48
2010-12-16 Reiterated Barclays Capital Overweight $41 to $44
2010-07-29 Initiated Barclays Capital Overweight $46
2016-07-06 Reiterated Rating Wells Fargo & Co. Market Perform
2016-06-30 Reiterated Rating KLR Group Buy $25.00 to $27.00
2016-06-22 Reiterated Rating Drexel Hamilton Buy $33.00
2016-06-22 Reiterated Rating Cantor Fitzgerald Buy
2016-06-15 Upgrade Simmons Neutral to Overweight $20.00 to $24.00

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
STANLEY CHARLES B President and CEO 0.53%  (947927) HL / QEP / QEPM /
Doleshek Richard J EVP, CFO & TR 0.22%  (400687) QEP / QEPM /
Torgerson Jim E Senior VP Operations 0.17%  (303877) QEP /
Woosley Christopher K VP and General Counsel 0.08%  (141396) QEP /
Murr Austin S. Senior VP 0.06%  (100856) QEP /
Fiala Margo D VP 0.05%  (81890) QEP /
Ley Alice B VP and Controller 0.03%  (59446) QEP /
Thompson Matthew T. VP, Energy 0.03%  (56195) QEP /
TRICE DAVID A 0.03%  (50000) MDR / NJR / QEP /
Richards Perry H Sr VP, QEP Field Services 0.02%  (39841) QEP / QEPM /
BAKER PHILLIPS S JR 0.02%  (28897) HL / QEP /
Jones Abigail L VP-Comp/Corp Sec/AGC 0.01%  (12508) QEP / QEPM /
OConnor Thomas C 0.01%  (11302) DPM / NJR / QEP / TLLP /