Schneider Capital Management Corp Grows Position in QEP Resources Inc (QEP)

Schneider Capital Management Corp boosted its stake in shares of QEP Resources Inc (NYSE:QEP) by 47.1% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 3,606,466 shares of the pipeline company’s stock after buying an additional 1,154,346 shares during the quarter. QEP Resources makes up approximately 8.0% of Schneider Capital Management Corp’s investment portfolio, making the stock its biggest holding. Schneider Capital Management Corp’s holdings in QEP Resources were worth $40,825,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in QEP. CastleArk Alternatives LLC purchased a new stake in QEP Resources in the second quarter worth $113,000. Cubist Systematic Strategies LLC increased its stake in QEP Resources by 80.4% in the second quarter. Cubist Systematic Strategies LLC now owns 13,142 shares of the pipeline company’s stock worth $161,000 after purchasing an additional 5,858 shares during the period. Iberiabank Corp purchased a new stake in QEP Resources in the third quarter worth $182,000. Dynamic Technology Lab Private Ltd purchased a new stake in QEP Resources in the second quarter worth $225,000. Finally, Divergent Wealth Advisors LLC increased its stake in QEP Resources by 7,219.0% in the third quarter. Divergent Wealth Advisors LLC now owns 23,494 shares of the pipeline company’s stock worth $268,000 after purchasing an additional 23,173 shares during the period.

QEP opened at $8.64 on Monday. QEP Resources Inc has a 12-month low of $7.04 and a 12-month high of $13.77. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.35 and a current ratio of 0.35. The firm has a market cap of $2.05 billion, a PE ratio of 11.22, a PEG ratio of 45.00 and a beta of 1.35.

QEP Resources (NYSE:QEP) last posted its quarterly earnings results on Wednesday, November 7th. The pipeline company reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.18. QEP Resources had a positive return on equity of 7.86% and a negative net margin of 11.89%. The business had revenue of $560.80 million for the quarter, compared to the consensus estimate of $497.45 million. During the same quarter in the prior year, the company earned ($0.10) EPS. The business’s revenue was up 43.8% compared to the same quarter last year. On average, equities analysts expect that QEP Resources Inc will post 0.02 EPS for the current year.

A number of analysts have weighed in on the company. Williams Capital set a $15.00 target price on QEP Resources and gave the stock a “buy” rating in a research note on Wednesday, November 7th. Oppenheimer reiterated a “buy” rating on shares of QEP Resources in a research note on Wednesday, November 7th. Credit Suisse Group upgraded QEP Resources from an “underperform” rating to a “neutral” rating and set a $11.00 target price on the stock in a research note on Tuesday, November 20th. They noted that the move was a valuation call. Piper Jaffray Companies set a $15.00 target price on QEP Resources and gave the stock a “hold” rating in a research note on Monday, July 30th. Finally, Tudor Pickering upgraded QEP Resources from a “hold” rating to a “buy” rating in a research note on Wednesday, November 7th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $13.66.

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QEP Resources Profile

QEP Resources, Inc, through its subsidiaries, operates as a natural gas and crude oil exploration and production company in the United States. The company conducts exploration and production activities in the Permian Basin in western Texas, Williston Basin in North Dakota, Haynesville/Cotton Valley in northwestern Louisiana, Uinta Basin in eastern Utah, and other proven properties in Wyoming, Utah, and Colorado.

Further Reading: Candlestick

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Institutional Ownership by Quarter for QEP Resources (NYSE:QEP)

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