NEW YORK (TheStreet) -- QEP Resources (QEP) - Get Report stock is down 2.61% to $10.06 in early afternoon trading Thursday after the company reported a narrower-than-expected loss and lower-than-expected revenue during the 2015 fourth quarter.
After the market close yesterday, the Denver-based energy exploration and production company reported a loss of 1 cent per share, compared with analysts' forecasts for a loss of 11 cents per share.
Revenue of $468.3 million was well below Wall Street's projections for revenue of $595.4 million.
Additionally, the company lowered its 2016 capital program by more than 50% year-over-year in the face of lower commodity prices. QEP also suspended its quarterly dividend of 2 cents per share.
"While the impact on our cash position is relatively small, we believe this is a prudent decision in this commodity price environment," QEP CEO Chuck Stanley said in a statement.
Separately, recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
TheStreet Ratings rates this stock as a "sell" with a ratings score of D. The company's weaknesses can be seen in multiple areas, such as its unimpressive growth in net income, disappointing return on equity, poor profit margins, weak operating cash flow and generally disappointing historical performance in the stock itself.
You can view the full analysis from the report here: QEP