As Barrick Gold (Put) (ABX) Share Value Declined, Holder Overland Advisors Has Trimmed Position by $32.00 Million; Talara Capital Management Increased Its Position in Qep Res (QEP) as Market Value Declined

January 19, 2018 - By Maria Brooks

David Zusman increased its stake in Qep Res Inc (QEP) by 48.6% based on its latest 2017Q3 regulatory filing with the SEC. Talara Capital Management Llc bought 817,669 shares as the company’s stock declined 33.02% while stock markets rallied. The hedge fund run by David Zusman held 2.50 million shares of the energy company at the end of 2017Q3, valued at $21.43M, up from 1.68 million at the end of the previous reported quarter. Talara Capital Management Llc who had been investing in Qep Res Inc for a number of months, seems to be bullish on the $2.61 billion market cap company. The stock decreased 1.46% or $0.16 during the last trading session, reaching $10.81. About 3.06M shares traded. QEP Resources, Inc. (NYSE:QEP) has declined 34.57% since January 19, 2017 and is downtrending. It has underperformed by 51.27% the S&P500.

Gordy Holterman decreased its stake in Barrick Gold Corp (Put) (ABX) by 50% based on its latest 2017Q3 regulatory filing with the SEC. Overland Advisors Llc sold 2.00 million shares as the company’s stock declined 17.45% while stock markets rallied. The hedge fund run by Gordy Holterman held 2.00 million shares of the precious metals company at the end of 2017Q3, valued at $32.18 million, down from 4.00M at the end of the previous reported quarter. Overland Advisors Llc who had been investing in Barrick Gold Corp (Put) for a number of months, seems to be less bullish one the $16.29B market cap company. The stock decreased 2.33% or $0.34 during the last trading session, reaching $14.28. About 15.31M shares traded or 44.10% up from the average. Barrick Gold Corporation (NYSE:ABX) has declined 8.26% since January 19, 2017 and is downtrending. It has underperformed by 24.96% the S&P500.

Among 23 analysts covering QEP Resources (NYSE:QEP), 14 have Buy rating, 1 Sell and 8 Hold. Therefore 61% are positive. QEP Resources had 55 analyst reports since August 7, 2015 according to SRatingsIntel. The rating was maintained by Mizuho on Tuesday, January 16 with “Buy”. FBR Capital initiated it with “Mkt Perform” rating and $19 target in Thursday, July 21 report. The company was downgraded on Monday, August 10 by Zacks. The firm has “Overweight” rating given on Wednesday, October 11 by Barclays Capital. Raymond James upgraded the shares of QEP in report on Friday, April 29 to “Strong Buy” rating. The firm has “Equal-Weight” rating given on Tuesday, November 7 by Barclays Capital. The firm has “Buy” rating given on Wednesday, March 16 by KLR Group. As per Wednesday, December 9, the company rating was upgraded by Deutsche Bank. J.P. Morgan downgraded the shares of QEP in report on Friday, July 28 to “Hold” rating. Evercore initiated the shares of QEP in report on Friday, October 7 with “Hold” rating.

Talara Capital Management Llc, which manages about $249.36 million and $192.43 million US Long portfolio, decreased its stake in Waste Connections Inc by 87,458 shares to 91,109 shares, valued at $6.37 million in 2017Q3, according to the filing. It also reduced its holding in Range Res Corp (NYSE:RRC) by 161,434 shares in the quarter, leaving it with 560,411 shares, and cut its stake in Enterprise Prods Partners L (NYSE:EPD).

Investors sentiment decreased to 1.23 in 2017 Q3. Its down 0.07, from 1.3 in 2017Q2. It turned negative, as 37 investors sold QEP shares while 74 reduced holdings. 46 funds opened positions while 90 raised stakes. 219.29 million shares or 0.85% less from 221.16 million shares in 2017Q2 were reported. Teachers Retirement Of The State Of Kentucky accumulated 0% or 44,520 shares. Amalgamated National Bank & Trust invested 0.01% in QEP Resources, Inc. (NYSE:QEP). Panagora Asset Mgmt Inc has invested 0% of its portfolio in QEP Resources, Inc. (NYSE:QEP). South Dakota Council stated it has 210,000 shares. Aperio Group Incorporated Lc accumulated 0% or 56,295 shares. Tudor Corp Et Al stated it has 46,109 shares or 0.01% of all its holdings. Quantitative Systematic Strategies Lc invested in 0.45% or 198,649 shares. Next Grp, Texas-based fund reported 1,437 shares. Lombard Odier Asset Mgmt (Usa) reported 0.55% of its portfolio in QEP Resources, Inc. (NYSE:QEP). Loomis Sayles And Ltd Partnership has invested 0.01% in QEP Resources, Inc. (NYSE:QEP). American Inc, New York-based fund reported 492,021 shares. Rhumbline Advisers accumulated 460,608 shares. Utah Retirement has invested 0.01% in QEP Resources, Inc. (NYSE:QEP). Vanguard Group accumulated 0.01% or 20.20M shares. Nokomis Cap Ltd Com owns 861,949 shares or 1.99% of their US portfolio.

Analysts await Barrick Gold Corporation (NYSE:ABX) to report earnings on February, 21. They expect $0.21 earnings per share, down 4.55% or $0.01 from last year’s $0.22 per share. ABX’s profit will be $239.60 million for 17.00 P/E if the $0.21 EPS becomes a reality. After $0.16 actual earnings per share reported by Barrick Gold Corporation for the previous quarter, Wall Street now forecasts 31.25% EPS growth.

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