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

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

El Paso Price Performance

NYSEAMERICAN:EP opened at $3.25 on Tuesday. The company has a debt-to-equity ratio of 1.85, a current ratio of 0.42 and a quick ratio of 0.37. The company has a 50 day moving average price of $2.73 and a 200-day moving average price of $2.74. El Paso Corporation has a 1-year low of $2.08 and a 1-year high of $4.08. The firm has a market cap of $135.20 million, a price-to-earnings ratio of -1.59 and a beta of 0.52.

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

Institutional Investors Weigh In On El Paso

A hedge fund recently bought a new stake in El Paso stock. Susquehanna International Group LLP bought a new stake in shares of El Paso Corporation (NYSEAMERICAN:EP) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm 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 as of its most recent SEC filing.

About El Paso

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.