El Paso (NYSEAMERICAN:EP) Director Acquires 5,777 Shares

El Paso Corporation (NYSEAMERICAN:EP) Director Mason Matschke acquired 5,777 shares of El Paso stock in a transaction that occurred on Friday, September 11th. The shares were purchased at an average price of $2.38 per share, with a total value of $13,749.26. Following the transaction, the director owned 442,302 shares of the company’s stock, valued at $1,052,678.76. The trade was a 1.32% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

El Paso Stock Performance

EP stock traded up $0.10 during trading on Tuesday, reaching $2.60. The stock had a trading volume of 24,354 shares, compared to its average volume of 75,155. The firm has a market cap of $108.16 million, a PE ratio of -1.27 and a beta of 0.34. The company has a current ratio of 0.42, a quick ratio of 0.37 and a debt-to-equity ratio of 1.85. The stock’s 50 day moving average is $2.76 and its two-hundred day moving average is $2.83. El Paso Corporation has a 52 week low of $2.28 and a 52 week high of $4.91.

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

Institutional Trading of El Paso

A hedge fund recently bought a new position in El Paso stock. NewEdge Advisors LLC purchased a new position in El Paso Corporation (NYSEAMERICAN:EP) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 51,064 shares of the basic materials company’s stock, valued at approximately $137,000. NewEdge Advisors LLC owned 0.12% of El Paso at the end of the most recent quarter.

About El Paso

Empire Petroleum Corporation engages in the exploration and development of oil and gas interests in Louisiana, New Mexico, North Dakota, Montana, and Texas. The company was formerly known as Americomm Resources Corporation and changed its name to Empire Petroleum Corporation in August 2001. Empire Petroleum Corporation was incorporated in 1983 and is headquartered in Tulsa, Oklahoma.