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Stocks in Review: American Electric Power Company, Inc. (AEP), TechnipFMC plc (FTI), WestRock Company (WRK)

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American Electric Power Company, Inc. (AEP) traded within a range of $62.96 to $63.74 after opening the day at $63.64. The company has seen its stock increase in value by 1.43% so far this year. The stock was down close to -0.82% on light volume in last trading session and closed at $63.27 per share. After the recent fall, the stock is currently holding -8.87% below its 52 week high of $71.32 and 10.31% above its 12-month low of $57.89. The shares are up by over 6.45% in the last three months, and the RSI indicator value of 54.59 is neither bullish nor bearish, tempting investors to stay on the sidelines.

American Electric Power Company, Inc., a public utility holding company, engages in the generation, transmission, and distribution of electricity for sale to retail and wholesale customers. The company generates electricity using coal and lignite, natural gas, nuclear, and hydroelectric and other energy sources. It also supplies and markets electric power at wholesale to other electric utility companies, rural electric cooperatives, municipalities, and other market participants. The company delivers electricity to approximately 5.4 million customers in 11 states. The company owns and leases approximately 4,838 railcars, 498 barges, 12 towboats, 8 harbor boats, and a coal handling terminal. American Electric Power Company, Inc. was founded in 1906 and is headquartered in Columbus, Ohio.

TechnipFMC plc (FTI) continued its upward trend with the stock climbing 1.51% or $0.48 to close the day at $32.33 on light trading volume of 3.56M shares, compared to its three month average trading volume of 5.33M. The London London & South East EC4M 8AP based company has been outperforming the oil & gas equipment & services group over the past 52 weeks, with the stock gaining 37.69%, compared to the industry which has advanced 35.64% over the same period. With RSI of 41.15, the stock should still continue to rise and get closer to its one year target estimate of $38.64, making it a hold for now.

TechnipFMC plc provides technologies, systems, and services for oil and gas projects worldwide. It operates in three segments: Subsea, Onshore/Offshore, and Surface Projects. The Subsea segment offers products, such as trees, manifolds, controls, templates, flowline systems, umbilicals, and flexibles, as well as subsea processing products. This segment also provides subsea services, including drilling, installation, completion, and field services, as well as asset management, well intervention and IMR, ROVs, and manipulator system services; and services for subsea projects comprising front end to decommissioning, field architecture, integrated design, engineering, procurement, construction, and installation services. The Onshore/Offshore segment offers technical, technological, and project management services across fixed, floating, and onshore facilities, as well as offshore services. The Surface Projects segment provides drilling, completion, and production wellhead equipment, as well as chokes, compact valves, manifolds, and controls; treating iron, manifolds, and reciprocating pumps for stimulation and cementing; separation and flow-treatment systems; flow metering products and systems; marine, truck, and railcar loading systems; installation maintenance services; frac-stack, manifold rental, and operation services; and flowback and well testing services. The company is headquartered in London, the United Kingdom.

WestRock Company (WRK) gained $0.82 to close the day at a new closing price of $53.52, a 1.56% increase in value from its previous closing price that moved the stock 81.1% above its 52 week low of $30.56. A total of 1.46M shares exchanged hands during the day compared with its three month average trading volume of 1.56M. The stock, which fluctuated between $52.71 and $53.73 during the day, currently situated -3.92% below its 52 week high. The stock is up by 3% in the past one month and up by 13.36% over the past three months. With a one year target estimate of $57.27 and RSI of 55.26, the stock still has upside potential, making it a hold for now.

WestRock Company manufactures and sells paper and packaging solutions for the consumer and corrugated markets in North America, South America, Europe, and Asia. The company operates through Corrugated Packaging, Consumer Packaging, and Land and Development segments. The Corrugated Packaging segment produces containerboards, corrugated sheets, corrugated packaging, and preprinted linerboards for consumer and industrial products manufacturers, and corrugated box manufacturers; and recycled fiber. This segment also provides structural and graphic design, engineering services, and automated packaging machines; resells aluminum and plastics; and offers waste services. Its corrugated packaging products are used to provide protective packaging for the shipment and distribution of food, paper, health and beauty, other household, consumer, commercial, and industrial products. The Consumer Packaging segment manufactures and sells folding and beverage cartons, displays, dispensing, and interior partitions; paperboards; recycled paperboards; express mail envelopes for the overnight courier industry; and secondary packages and paperboard packaging for the healthcare market. This segment also manufactures and sells solid fiber and corrugated partitions and die-cut paperboard components; temporary and permanent point-of-purchase displays for the consumer products and retail markets; dispensing systems, such as pumps; lithographic laminated packaging products; flip-top and applicator closures; plastic packaging products; trigger sprayers; aerosol actuators; hose-end sprayers; spouted and applicator closures; and sprayers for nasal and throat applications, as well as provides contract packing services. The company’s Land and Development segment engages in real estate development activities. WestRock Company is based in Richmond, Virginia.

 

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