Finance & Investing | Financial Trouble | Capital Markets
QEP Resources Out of NYSE Compliance; Mulls Reverse Stock Split
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QEP Resources, Inc. received notice that it is out of NYSE compliance.
Over the prior 30 day period, the company's stock price 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 requirements within the six-month cure period.
QEP is considering all available options to regain compliance with the NYSE's continued listing standards, including the consummation of a potential reverse stock split.
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