El Paso Corporation (NYSEAMERICAN:EP – Get Free Report) Director Phil Mulacek purchased 20,073 shares of the business’s stock in a transaction dated Monday, October 12th. The shares were purchased at an average price of $3.20 per share, for a total transaction of $64,233.60. Following the acquisition, the director directly owned 988,805 shares of the company’s stock, valued at $3,164,176. This trade represents a 2.07% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
El Paso Trading Up 5.3%
Shares of NYSEAMERICAN:EP traded up $0.17 during mid-day trading on Monday, hitting $3.39. The stock had a trading volume of 109,140 shares, compared to its average volume of 71,660. The company’s 50 day moving average is $2.78 and its 200-day moving average is $2.75. El Paso Corporation has a 12-month low of $2.08 and a 12-month high of $4.08. The company has a debt-to-equity ratio of 1.85, a quick ratio of 0.37 and a current ratio of 0.42. The company has a market cap of $141.02 million, a PE ratio of -1.65 and a beta of 0.52.
El Paso (NYSEAMERICAN:EP – Get Free Report) last posted its quarterly earnings data on Friday, August 14th. The basic materials company reported ($0.06) earnings per share for the quarter. El Paso had a negative return on equity of 119.38% and a negative net margin of 229.58%. The firm had revenue of $9.51 million for the quarter.
Institutional Trading of El Paso
Hedge funds and other institutional investors have recently modified their holdings of the business. Sanders Morris Harris LLC purchased a new position in shares of El Paso during the third quarter valued at $52,000. NewEdge Advisors LLC acquired a new position in El Paso during the second quarter valued at $137,000. Finally, Susquehanna International Group LLP acquired a new position in El Paso during the second quarter valued at $173,000.
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.
Featured Stories
- Five stocks we like better than El Paso
- Tesla’s Roadster Reveal Hints at 2 Much Bigger Moves
- The AI Sell-Off Continues—These 3 Stocks Keep Raising Guidance Anyway
- Mr. Wonderful’s Test for AI Data Center Stocks: Power, Permits, and Tenants
- Alcoa Beat Earnings, But Can It Escape the Aluminum Bears?
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.
