Questar (NYSE: STR) posted its quarterly earnings results on Wednesday. The company reported $0.36 earnings per share for the quarter, beating the analysts? consensus estimate of $0.35 by $0.01. The company had revenue of $343.00 million for the quarter, compared to the consensus estimate of $399.59 million. During the same quarter last year, the company posted $0.34 earnings per share. Questar?s revenue was down 3.3% compared to the same quarter last year. Questar updated its FY13 guidance to $1.12-1.20 EPS.
A number of research firms have also recently commented on STR. Analysts at UBS AG downgraded shares of Questar from a ?buy? rating to a ?neutral? rating in a research note to investors on Tuesday, February 12th. They now have a $25.50 price target on the stock. They noted that the move was a valuation call. On a related note, analysts at Morgan Stanley upgraded shares of Questar from an ?underweight? rating to an ?equal weight? rating in a research note to investors on Monday, February 11th. They now have a $26.00 price target on the stock. Finally, analysts at Raymond James upgraded shares of Questar from a ?market perform? rating to an ?outperform? rating in a research note to investors on Thursday, February 7th.
Questar (STR) traded down 1.19% on Wednesday, hitting $23.25. Questar (STR) has a 52-week low of $17.20 and a 52-week high of $24.05. The stock?s 50-day moving average is currently $22.44. The company has a market cap of $4.071 billion and a price-to-earnings ratio of 20.11.
The company also recently declared a quarterly dividend, which is scheduled for Monday, March 11th. Investors of record on Friday, February 22nd will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 2.87%. The ex-dividend date of this dividend is Wednesday, February 20th.
Questar Corporation (Questar) is a natural gas-focused energy company with five lines of business: gas and oil exploration and production, midstream field services, energy marketing, interstate gas transportation, and retail gas distribution.