El Paso Corporation (NYSEAMERICAN:EP – Get Free Report) Director Phil Mulacek acquired 69,427 shares of the business’s stock in a transaction dated Wednesday, October 14th. The stock was purchased at an average cost of $3.20 per share, with a total value of $222,166.40. Following the transaction, the director owned 1,058,232 shares of the company’s stock, valued at approximately $3,386,342.40. The trade was a 7.02% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
El Paso Stock Performance
Shares of NYSEAMERICAN EP opened at $3.35 on Thursday. El Paso Corporation has a 1 year low of $2.08 and a 1 year high of $4.08. The firm’s 50 day moving average price is $2.82 and its 200 day moving average price is $2.76. The company has a debt-to-equity ratio of 1.85, a quick ratio of 0.37 and a current ratio of 0.42.
El Paso (NYSEAMERICAN:EP – Get Free Report) last released its earnings results on Friday, August 14th. The basic materials company reported ($0.06) EPS for the quarter. The firm had revenue of $9.51 million during the quarter. El Paso had a negative return on equity of 119.38% and a negative net margin of 229.58%.
Hedge Funds Weigh In On El Paso
Institutional investors have recently added to or reduced their stakes in the business. Susquehanna International Group LLP purchased a new position in El Paso during the second quarter worth about $173,000. NewEdge Advisors LLC acquired a new stake in El Paso in the 2nd quarter worth about $137,000. Finally, Sanders Morris Harris LLC acquired a new stake in El Paso in the 3rd quarter worth about $52,000.
El Paso Company Profile
El Paso Corporation was an energy company focused primarily on the transportation, storage and processing of natural gas. Through its pipeline operations, the company provided infrastructure connecting natural gas-producing regions with utilities, power generators, industrial customers and other energy markets.
El Paso also participated in natural gas and oil exploration and production, as well as related midstream activities. Its operations were concentrated largely in the United States, with pipeline and energy infrastructure serving major regions across the country.
Doug Foshee served as El Paso Corporation’s president and chief executive officer during the company’s later years.
Further Reading
- Five stocks we like better than El Paso
- GM Beat and Added a $20 Billion Buyback—Why Did the Stock Fall?
- Intercepting Growth: Karman Secures $218M Lockheed Martin Deal
- Tech Stocks Took a Hit—These 2 Pharma Stocks Are Near New Highs
- Chip Stocks Have Pulled Back—Here’s How 3 Semiconductor ETFs Stack Up for Investors
Receive News & Ratings for El Paso Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for El Paso and related companies with MarketBeat.com's FREE daily email newsletter.
