Kratos Defense Selected by NETC and 4 Stocks Dipping to 52-Week Lows
Matador Resources (NYSE:MTDR) predicts that its 2012 annual oil production will be near the lower end of its guidance of 1.2 to 1.4 million barrels. The company has reiterated its previous 2012 guidance that was announced on March 7, 2012 and May 14, 2012 for the estimated capital spending of $313 million, an estimated exit rate for oil production of 5,000 to 5,500 Bbl per day, and an estimated total natural gas production of 12.5 to 13.5 Bcf. The shares closed at $8.34, down $0.15 or 1.77 percent on the day, trading in a 52-week range of $8.63 to $12.33.
R.R. Donnelley & Son (NASDAQ:RRD) has been awarded a multi-year print management agreement by Scotiabank, renewing and expanding the relationship of the companies. Scotiabank is a top multinational financial services provider, and it is Canada’s most international bank. Beneath the agreement’s terms RR Donnelley is to provide a range of products and services including digital printing, forms, kitting and fulfillment services, regulatory communications, and more. Furthermore, the relationship utilizes RR Donnelley’s proprietary CustomPoint system, delivering a highly configured suite of online services. Various initiatives have supported Scotiabank’s sustainability goals and assisted in reducing consumption by nearly 30,000 pages annually. Additionally, improved tracking of printing and paper usage have supported the Bank’s attempts to effectively size and report the strides made in using paper more efficiently. The shares closed at $9.17, down $0.25 or 2.65 percent on the day, trading in a 52-week range of $9.95 to $16.13.
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