El Paso (NYSEAMERICAN:EP) Director Phil Mulacek Acquires 14,508 Shares of Stock

El Paso Corporation (NYSEAMERICAN:EP) Director Phil Mulacek acquired 14,508 shares of the stock in a transaction on Monday, October 5th. The stock was bought at an average cost of $2.67 per share, for a total transaction of $38,736.36. Following the transaction, the director owned 946,235 shares of the company’s stock, valued at approximately $2,526,447.45. This trade represents a 1.56% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website.

El Paso Price Performance

EP opened at $3.30 on Wednesday. The company has a current ratio of 0.42, a quick ratio of 0.37 and a debt-to-equity ratio of 1.85. El Paso Corporation has a twelve month low of $2.08 and a twelve month high of $4.08. The company’s 50-day moving average price is $2.75 and its two-hundred day moving average price is $2.74.

El Paso (NYSEAMERICAN:EP) last released its earnings results on Friday, August 14th. The basic materials company reported ($0.06) earnings per share for the quarter. El Paso had a negative net margin of 229.58% and a negative return on equity of 119.38%. The company had revenue of $9.51 million for the quarter.

Key Headlines Impacting El Paso

Here are the key news stories impacting El Paso this week:

• Positive Sentiment: Director Phil E. Mulacek made four open-market purchases between October 5 and October 8, acquiring a combined 25,127 shares for approximately $68,048. His ownership increased to 956,854 shares, signaling continued insider confidence in El Paso Corporation. SEC insider ownership filing
• Positive Sentiment: El Paso Corporation’s shares recently moved above their 200-day moving average, a technical development that can attract momentum-oriented investors and suggest improving market sentiment. El Paso shares cross above 200-day moving average
• Neutral Sentiment: Reports about El Paso County’s sheriff facing a budget deficit concern local government finances and do not appear to involve El Paso Corporation or its stock. El Paso County sheriff budget deficit podcast
• Neutral Sentiment: El Paso Water’s upcoming budget meetings also relate to a separate municipal utility and have no direct announced impact on El Paso Corporation. El Paso Water budget meetings

Institutional Trading of El Paso

An institutional investor recently bought a new position in El Paso stock. Susquehanna International Group LLP bought a new stake in El Paso Corporation (NYSEAMERICAN:EP) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 64,693 shares of the basic materials company’s stock, valued at approximately $173,000. Susquehanna International Group LLP owned 0.16% of El Paso at the end of the most recent reporting period.

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.