El Paso Corporation (NYSEAMERICAN:EP – Get Free Report) Director Phil Mulacek bought 4,023 shares of El Paso stock in a transaction on Wednesday, October 7th. The shares were acquired at an average price of $2.72 per share, for a total transaction of $10,942.56. Following the completion of the acquisition, the director owned 952,573 shares in the company, valued at $2,590,998.56. This represents a 0.42% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
El Paso Stock Performance
Shares of EP stock opened at $3.25 on Tuesday. The firm has a 50 day moving average of $2.73 and a two-hundred day moving average of $2.74. The stock has a market capitalization of $135.20 million, a PE ratio of -1.59 and a beta of 0.52. The company has a quick ratio of 0.37, a current ratio of 0.42 and a debt-to-equity ratio of 1.85. El Paso Corporation has a 52 week low of $2.08 and a 52 week high of $4.08.
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 company had revenue of $9.51 million for the quarter.
Institutional Inflows and Outflows
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.
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