River Road Asset Management Decreased Eplus (PLUS) Position; Qep Resources Has 1.3 Sentiment

October 12, 2017 - By Vivian Currie

QEP Resources, Inc. is an independent natural gas and crude oil exploration and production company. The company has market cap of $2.15 billion. The Firm focuses on two regions of the United States: the Northern Region and the Southern Region (primarily in Texas and Louisiana). It currently has negative earnings. The Firm conducts exploration and production activities in North America’s hydrocarbon resource plays.

River Road Asset Management Llc decreased Eplus Inc. (PLUS) stake by 6.96% reported in 2017Q2 SEC filing. River Road Asset Management Llc sold 12,534 shares as Eplus Inc. (PLUS)’s stock rose 20.28%. The River Road Asset Management Llc holds 167,426 shares with $12.41M value, down from 179,960 last quarter. Eplus Inc. now has $1.37B valuation. The stock declined 0.16% or $0.15 reaching $96.5 per share. About 39,164 shares traded. ePlus Inc. (NASDAQ:PLUS) has risen 75.66% since October 12, 2016 and is uptrending. It has outperformed by 58.96% the S&P500.

Caymus Capital Partners L.P. holds 9.19% of its portfolio in QEP Resources Inc for 7.93 million shares. Talara Capital Management Llc owns 1.68 million shares or 5.96% of their US portfolio. Moreover, Gallagher Fiduciary Advisors Llc has 4.07% invested in the company for 955,148 shares. The New York-based Sir Capital Management L.P. has invested 4.01% in the stock. Key Group Holdings (Cayman) Ltd., a Bahamas-based fund reported 3.46 million shares.

About 2.20 million shares traded. QEP Resources Inc (QEP) has declined 34.57% since October 12, 2016 and is downtrending. It has underperformed by 51.27% the S&P500.

Analysts await QEP Resources Inc (NYSE:QEP) to report earnings on October, 25. They expect $-0.20 earnings per share, up 4.76% or $0.01 from last year’s $-0.21 per share. After $-0.12 actual earnings per share reported by QEP Resources Inc for the previous quarter, Wall Street now forecasts 66.67% negative EPS growth.

Ratings analysis reveals 80% of QEP Resources’s analysts are positive. Out of 5 Wall Street analysts rating QEP Resources, 4 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. The lowest target is $21.0 while the high is $24.0. The stock’s average target of $23 is 160.77% above today’s ($8.82) share price. QEP was included in 5 notes of analysts from October 6, 2016. FBR Capital upgraded it to “Outperform” rating and $24.0 target in Tuesday, January 3 report. Stifel Nicolaus initiated QEP Resources Inc (NYSE:QEP) rating on Thursday, April 13. Stifel Nicolaus has “Buy” rating and $21.0 target. As per Thursday, October 6, the company rating was initiated by Goldman Sachs. The rating was upgraded by Wells Fargo to “Outperform” on Friday, February 10. On Thursday, October 6 the stock rating was initiated by Mizuho with “Buy”.

Among 3 analysts covering ePlus (NASDAQ:PLUS), 1 have Buy rating, 0 Sell and 2 Hold. Therefore 33% are positive. ePlus had 12 analyst reports since August 7, 2015 according to SRatingsIntel. Sidoti maintained ePlus Inc. (NASDAQ:PLUS) on Thursday, May 26 with “Buy” rating. The stock has “Neutral” rating by Sidoti on Monday, October 12. As per Tuesday, November 15, the company rating was downgraded by Sidoti. The stock has “Sell” rating by Zacks on Friday, August 7. The stock of ePlus Inc. (NASDAQ:PLUS) earned “Hold” rating by Stifel Nicolaus on Friday, October 30. Stifel Nicolaus maintained ePlus Inc. (NASDAQ:PLUS) on Friday, December 9 with “Hold” rating. On Friday, October 9 the stock rating was downgraded by Sidoti to “Neutral”. Canaccord Genuity maintained it with “Buy” rating and $95 target in Thursday, November 5 report. The stock of ePlus Inc. (NASDAQ:PLUS) earned “Hold” rating by Stifel Nicolaus on Thursday, August 3. As per Sunday, September 10, the company rating was maintained by Stifel Nicolaus.

Analysts await ePlus Inc. (NASDAQ:PLUS) to report earnings on November, 2. They expect $1.27 EPS, up 2.42% or $0.03 from last year’s $1.24 per share. PLUS’s profit will be $18.03 million for 19.00 P/E if the $1.27 EPS becomes a reality. After $0.90 actual EPS reported by ePlus Inc. for the previous quarter, Wall Street now forecasts 41.11% EPS growth.

River Road Asset Management Llc increased Mckesson Corporation (NYSE:MCK) stake by 4,889 shares to 11,157 valued at $1.84 million in 2017Q2. It also upped Spirit Aerosystems Holdings I (NYSE:SPR) stake by 48,067 shares and now owns 366,787 shares. Atn International Inc. was raised too.


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