VEREIT, Inc. (VER) grew with the stock adding 0.12% or $0.01 to close at $8.53 on light trading volume of 4.5M compared its three months average trading volume of 7.02M. The Phoenix Arizona 85016 based company has been trending up for the last 52 weeks, with the shares price now 8.3% up for the period and up by 9.41% so far this year. With price target of $10.13 and a 29.72% rebound from 52-week low, VEREIT, Inc. has plenty of upside potential, making it a hold with a view buy.
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.
Vanguard Natural Resources, LLC (VNR) had a active trading with around 4.49M shares changing hands compared to its three month average trading volume of 2.68M. The stock traded at the price of $1.06 with -5.36% change on the day. The Houston Texas 77057 based company is currently trading 130.43% above its 52 week low of $0.46 and -69.33% below its 52 week high of $3.6. Both the RSI indicator and target price of 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.
The AES Corporation (AES) saw its value increase by 0.68% as the stock gained $0.08 to finish the day at a closing price of $11.92. The stock was lighter in trading and has fluctuated between $8.22-$13.32 per share for the past year. The shares, which traded within a range of $11.7 to $11.96 during the day, are down by -4.43% in the past three months and up by 8.68% over the past six months. It is currently trading 4.01% above its 20 day moving average and 1.84% above its 50 day moving average. Analysts believe the company can continue to increase in value to reach at $12.48 a share over the next twelve months. The current relative strength index (RSI) reading is 57.3.The technical indicator lead us to believe there will be no major movement any time soon, hold.
The AES Corporation operates as a diversified power generation and utility company. It owns and/or operates power plants to generate and sell power to customers, such as utilities, industrial users, and other intermediaries. The company also owns and/or operates utilities to generate or purchase, distribute, transmit, and sell electricity to end-user customers in the residential, commercial, industrial, and governmental sectors; and generates and sells electricity on the wholesale market. It uses a range of fuels to generate electricity, including natural gas, coal, hydro, wind, energy storage, oil, diesel, petroleum coke, biomass, landfill gas, and solar. The company owns and/or operates a generation portfolio of approximately 29,352 megawatts. It has operations in the United States, Chile, Colombia, Argentina, Brazil, Mexico, Central America, the Caribbean, Europe, and Asia. The company was formerly known as Applied Energy Services, Inc. and changed its name to The AES Corporation in April 2000. The AES Corporation was founded in 1981 and is headquartered in Arlington, Virginia.