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Stocks in the Spotlight: Vanguard Natural Resources, LLC (VNR), Xerox Corporation (XRX), VEREIT, Inc. (VER)

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Vanguard Natural Resources, LLC (VNR) had a light trading with around 11.25M shares changing hands compared to its three month average trading volume of 3.69M. The stock traded between $0.17 and $0.288 before closing at the price of $0.28 with 47.15% change on the day. The Houston Texas 77057 based company is currently trading 67.06% above its 52 week low of $0.17 and -89.4% below its 52 week high of $2.68. Both the RSI indicator and target price of 29.59 and $0 respectively, lead us to believe that it could rise over the coming weeks.

Vanguard Natural Resources, LLC, through its subsidiaries, acquires and develops oil and natural gas properties in the United States. It owns properties, and oil and natural gas reserves primarily located in 10 operating basins, including the Green River Basin in Wyoming; the Permian Basin in West Texas and New Mexico; the Gulf Coast Basin in Texas, Louisiana, Mississippi, and Alabama; the Anadarko Basin in Oklahoma and North Texas; the Piceance Basin in Colorado; the Big Horn Basin in Wyoming and Montana; the Arkoma Basin in Arkansas and Oklahoma; the Williston Basin in North Dakota and Montana; the Wind River Basin in Wyoming; and the Powder River Basin in Wyoming. As of December 31, 2015, the company had total estimated proved reserves of 2,289.3 million barrels of oil equivalent, as well as owned working interests in 14,459 gross productive wells and approximately 881,508 gross undeveloped acres. Vanguard Natural Resources, LLC was founded in 2006 and is headquartered in Houston, Texas. On February 1, 2017, Vanguard Natural Resources, LLC, along with its affiliates, filed a voluntary petition for reorganization under Chapter 11 in the U.S. Bankruptcy Court for the Southern District of Texas.

Xerox Corporation (XRX) managed to rebound with the stock declining 0% or $0 to close the day at $7.07 on light trading volume of 11.21M shares, compared to its three month average trading volume of 13.54M. The Norwalk Connecticut 06856 based company has been outperforming the information technology services group over the past 52 weeks, with the stock gaining 22.5%, compared to the industry which has advanced 34.84% over the same period. With RSI of 60.48, the stock should still continue to rise and get closer to its one year target estimate of $8.44, making it a hold for now.

Xerox Corporation provides business process and document management solutions worldwide. Its Services segment offers business process outsourcing services, such as customer care, transaction processing, finance and accounting, human resources, communication and marketing, and consulting and analytics services, as well as services in the areas of healthcare, transportation, financial services, retail, and telecommunications areas. This segment also provides document outsourcing services comprising managed print services, including workflow automation and centralized print services. The company’s Document Technology segment offers desktop monochrome and color printers, multifunction printers, copiers, digital printing presses, and light production devices; and production printing and publishing systems for the graphic communications marketplace and large enterprises. Its Other segment sells paper, wide-format systems, global imaging systems network integration solutions, and electronic presentation systems. The company sells its products and services directly to its customers; and through its sales force, as well as through a network of independent agents, dealers, value-added resellers, systems integrators, and the Web. Xerox Corporation was founded in 1906 and is headquartered in Norwalk, Connecticut.

VEREIT, Inc. (VER) shares were up in last trading by 0.24% to $8.45. It experienced higher than average volume on day. The stock decreased in value by almost -0.94% over the past week and fell -4.2% in the past month. It is currently trading 0.45% above its 50 day moving average and -9.69% below its 200 day moving average. Following the recent increase in price, the stock’s new closing price represents a -22.53% decrease in value from its one year high of $11.09. The RSI indicator value of 48.17, lead us to believe that it is a hold for now.

VEREIT, Inc. is a publicly owned real estate investment trust. It owns and acquires single tenant, freestanding commercial real estate that is net leased on a medium-term basis, primarily to investment grade credit rated and other creditworthy tenants. The company principally invests in retail and office properties. It was formerly known as American Realty Capital Properties, Inc. VEREIT, Inc. was founded in 2010 and is based in Phoenix, Arizona.

 

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