El Paso Corporation (NYSEAMERICAN:EP – Get Free Report)’s share price passed below its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $2.86 and traded as low as $2.80. El Paso shares last traded at $2.83, with a volume of 35,393 shares changing hands.
El Paso Price Performance
The firm has a fifty day moving average of $2.84 and a 200 day moving average of $2.86. The company has a market capitalization of $117.73 million, a P/E ratio of -1.38 and a beta of 0.52. 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 (NYSEAMERICAN:EP – Get Free Report) last posted its earnings results on Friday, August 14th. The basic materials company reported ($0.06) earnings per share (EPS) for the quarter. The company had revenue of $9.51 million for the quarter. El Paso had a negative net margin of 229.58% and a negative return on equity of 119.38%.
Insider Buying and Selling at El Paso
In related news, Director Phil E. Mulacek acquired 69,427 shares of the stock in a transaction that occurred on Wednesday, October 14th. The shares were bought at an average price of $3.20 per share, for a total transaction of $222,166.40. Following the completion of the transaction, the director directly owned 1,058,232 shares in the company, valued at approximately $3,386,342.40. This trade represents a 7.02% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have purchased 140,800 shares of company stock worth $421,440 over the last three months. 33.41% of the stock is owned by insiders.
Hedge Funds Weigh In On El Paso
Several hedge funds and other institutional investors have recently modified their holdings of EP. Sanders Morris Harris LLC bought a new stake in shares of El Paso in the third quarter worth $52,000. NewEdge Advisors LLC purchased a new stake in El Paso during the second quarter valued at $137,000. Finally, Susquehanna International Group LLP purchased a new stake in El Paso during the second quarter valued at $173,000.
About El Paso
El Paso Corporation was an energy company focused primarily on natural gas transportation, storage and related infrastructure. Through its pipeline operations, the company provided services that connected natural gas producers with utilities, industrial customers and other markets across the United States.
The company also operated exploration and production activities, with interests in the development of natural gas and oil properties. Its operations were concentrated largely in North America, particularly in major U.S.
Recommended Stories
- Five stocks we like better than El Paso
- Boeing Got Its MAX 10 Approval, But Q3 Delivered a Reality Check
- The Invisible AI Backbone: Corning’s AI Fiber Play
- Heavy Metal: Why Nucor Could Be an Overlooked AI Infrastructure Winner
- Why Tesla’s Upside Is About More Than a SpaceX Merger
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.
