Green Bancorp, Inc. (GNBC) Reaches $23.05 Formed H&S; Elm Ridge Management Has Decreased Qep Res (QEP) Holding By $812,600

February 21, 2018 - By Pete Kolinski

Elm Ridge Management Llc decreased Qep Res Inc (QEP) stake by 16.76% reported in 2017Q3 SEC filing. Elm Ridge Management Llc sold 101,575 shares as Qep Res Inc (QEP)’s stock declined 33.02%. The Elm Ridge Management Llc holds 504,317 shares with $4.32 million value, down from 605,892 last quarter. Qep Res Inc now has $2.09B valuation. The stock decreased 0.12% or $0.01 during the last trading session, reaching $8.67. About 7.97 million shares traded or 40.47% up from the average. QEP Resources, Inc. (NYSE:QEP) has declined 34.57% since February 21, 2017 and is downtrending. It has underperformed by 51.27% the S&P500.

Green Bancorp, Inc. (GNBC) formed H&S with $21.90 target or 5.00% below today’s $23.05 share price. Green Bancorp, Inc. (GNBC) has $855.30M valuation. The stock decreased 0.22% or $0.05 during the last trading session, reaching $23.05. About 319,539 shares traded. Green Bancorp, Inc. (NASDAQ:GNBC) has risen 145.81% since February 21, 2017 and is uptrending. It has outperformed by 129.11% the S&P500.

Investors sentiment decreased to 1.23 in Q3 2017. Its down 0.07, from 1.3 in 2017Q2. It dropped, 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. 696,232 were accumulated by Citadel Ltd Liability Corp. Macquarie Grp Inc Limited has invested 0% of its portfolio in QEP Resources, Inc. (NYSE:QEP). Mackenzie Financial Corporation owns 2.70 million shares for 0.12% of their portfolio. Old Mutual Customised Solutions (Proprietary) Ltd invested 0.01% of its portfolio in QEP Resources, Inc. (NYSE:QEP). Dupont Management holds 32,678 shares. Legal & General Public Limited Company invested in 0% or 368,973 shares. Sei Company invested in 0% or 97,073 shares. Quantbot LP invested in 0.1% or 117,845 shares. Cubist Systematic Strategies Ltd Liability Com accumulated 126,874 shares. Shine Inv Advisory Svcs owns 284 shares or 0% of their US portfolio. Southport Mgmt Lc holds 0.45% or 20,000 shares in its portfolio. Wellington Mngmt Gru Limited Liability Partnership has invested 0.02% of its portfolio in QEP Resources, Inc. (NYSE:QEP). Moreover, Commonwealth Of Pennsylvania Pub School Empls Retrmt has 0.01% invested in QEP Resources, Inc. (NYSE:QEP) for 80,231 shares. Parametric Assoc Ltd Liability Corporation has invested 0.01% in QEP Resources, Inc. (NYSE:QEP). M&T Bank & Trust holds 0% in QEP Resources, Inc. (NYSE:QEP) or 13,603 shares.

Among 25 analysts covering QEP Resources (NYSE:QEP), 13 have Buy rating, 1 Sell and 11 Hold. Therefore 52% are positive. QEP Resources had 59 analyst reports since August 7, 2015 according to SRatingsIntel. The stock has “Buy” rating by Mizuho on Tuesday, January 16. Piper Jaffray upgraded QEP Resources, Inc. (NYSE:QEP) on Wednesday, June 15 to “Overweight” rating. The firm earned “Hold” rating on Tuesday, February 6 by SunTrust. BMO Capital Markets maintained the stock with “Buy” rating in Thursday, January 11 report. On Wednesday, June 8 the stock rating was initiated by Drexel Hamilton with “Buy”. Credit Suisse initiated it with “Sell” rating and $9.0 target in Monday, December 11 report. On Tuesday, April 12 the stock rating was initiated by JP Morgan with “Overweight”. As per Tuesday, January 3, the company rating was upgraded by FBR Capital. Cowen & Co maintained the stock with “Buy” rating in Tuesday, July 18 report. The stock of QEP Resources, Inc. (NYSE:QEP) has “Buy” rating given on Thursday, November 19 by Goldman Sachs.

Analysts await QEP Resources, Inc. (NYSE:QEP) to report earnings on February, 28 after the close. They expect $-0.04 earnings per share, up 73.33% or $0.11 from last year’s $-0.15 per share. After $-0.10 actual earnings per share reported by QEP Resources, Inc. for the previous quarter, Wall Street now forecasts -60.00% EPS growth.

Analysts await Green Bancorp, Inc. (NASDAQ:GNBC) to report earnings on April, 26. They expect $0.39 earnings per share, up 105.26% or $0.20 from last year’s $0.19 per share. GNBC’s profit will be $14.47M for 14.78 P/E if the $0.39 EPS becomes a reality. After $0.35 actual earnings per share reported by Green Bancorp, Inc. for the previous quarter, Wall Street now forecasts 11.43% EPS growth.

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