Will Technip (ADR) (TKPPY), Rentech, Inc. (RTK), and EP Energy Corp (EPE) Recover From Their 52 Week Lows?
New York, NY – GDP INSIDER – 12/15/2014.
This article provides an investment analysis of Technip (ADR)(OTCMKTS:TKPPY), Rentech, Inc.(NASDAQ:RTK), and EP Energy Corp(NYSE:EPE)
Technip (ADR)(OTCMKTS:TKPPY) finished Friday’s trading at a closing price of $14.25 after a 4.04% loss of sixty cents. The new price represents a 52 week low for the company that had previously traded for as much as $28.75 during the one-year period. This price may scare off potential investors. However, it could also represent a great buy-low opportunity. Technip had a trading volume of 0.11 million Friday, which is 0.03 million greater than the company’s three month average volume of 0.08 million.
Rentech, Inc.(NASDAQ:RTK) announced on Dec. 10th that D. Hunt Ramsey had resigned as the company’s chief executive officer and president. Additionally, he also resigned from his CEO position with Nitrogen Partners, L.P. in order to pursue other opportunities. The stock also traded for a new 52 week low of $1.06 Friday before finishing the day at a closing price of $1.13 after an 8.13% loss of ten cents. Rentech subsequently went on to lose an additional eight cents and move to a new 52 week low of $1.05 during after-hours trading.
EP Energy Corp(NYSE:EPE) filed an SEC Form 8-K that detailed the company’s appointment of Keith O. Rattie to the Board of Directors. Rattie, whose appointment will become effective on Jan. 1st, 2015, will serve on the Board’s Audit Committee. Like Technip and Rentech, EP Energy also traded for a new 52 week low of $7.38 Friday. The company also had a trading volume of 3.29 million Friday, which is 1.81 million greater than EP Energy’s three month average volume of 1.48 million.
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