Stocks With Upside Potential: Spirit Realty Capital, Inc (SRC), Marathon Oil Corporation (MRO) and Corning Incorporated (GLW)
New York, NY – GDP INSIDER – 04/13/2015.
This article discusses three companies: Spirit Realty Capital, Inc (New) (NYSE:SRC), Marathon Oil Corporation (NYSE:MRO) and Corning Incorporated (NYSE:GLW)
Spirit Realty Capital, Inc (New) (NYSE:SRC) continued to decline on Friday as with the stock losing 1.42% or $0.17 to finish the day at a closing price of $11.84 on heavy trading volume of 9.91 million, compared to its 30 day average trading volume of 5.48 million. The drop started after the company announced that it was publicly offering 20 million shares of common stock at $11.85 per share. The offering, if successful, will generate gross proceeds of around $237 million and includes a thirty day option for the underwriters to purchase an additional 3 million shares of common stock. With RSI of 44.15 and one year target price of $13.07, it’s a hold.
Marathon Oil Corporation (NYSE:MRO) continued to climb on Friday with the stock gaining 1.43% or $0.41 to finish the day at a closing price of $29.18 with more than 7.65 million shares changing hands compared with its 30 day average trading volume of 6.61 million. The Texas based liquid hydrocarbons and natural gas production and marketing company has been falling steadily for most of the last 52 weeks with the stock down 15.69%, but has been starting to gain back some of these losses since the beginning of the year with the stock up 3.92% year to date, making it a hold with a view to buy.
Corning Incorporated (NYSE:GLW) gained eighteen cents to finish the day at a closing price of $22.42 on low trading volume of 6.75 million, compared to its 30 day average trading volume of 8.23 million. The manufacturer of specialty glass and ceramics has been performing well over the past six months, with the stock gaining 23.39% compared to the S&P 500 which has gained 10.29% over the same period. With quarterly earnings growth year on year of 130%, its current diluted EPS of $1.69 looks likely to increase, making the stock a hold with a view to buy.
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