El Paso (NYSEAMERICAN:EP) Posts Quarterly Earnings Results

El Paso (NYSEAMERICAN:EP) posted its quarterly earnings results on Friday. The basic materials company reported ($0.08) earnings per share for the quarter, Zacks reports. El Paso had a negative return on equity of 119.38% and a negative net margin of 229.58%. The company had revenue of $9.57 million for the quarter.

El Paso Stock Up 2.9%

Shares of NYSEAMERICAN EP traded up $0.07 during trading hours on Friday, hitting $2.47. The company had a trading volume of 22,837 shares, compared to its average volume of 70,110. The stock has a market capitalization of $102.75 million, a P/E ratio of -1.20 and a beta of 0.36. 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 has a 1-year low of $1.96 and a 1-year high of $4.00. The firm’s 50 day moving average is $2.66 and its 200-day moving average is $2.81.

Insider Buying and Selling at El Paso

In other news, major shareholder Evolution Master Fund Energy purchased 48,025 shares of the company’s stock in a transaction on Thursday, November 5th. The shares were purchased at an average cost of $2.02 per share, with a total value of $97,010.50. Following the completion of the transaction, the insider owned 11,743,914 shares of the company’s stock, valued at $23,722,706.28. The trade was a 0.41% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Phil E. Mulacek purchased 69,427 shares of the company’s stock in a transaction on Wednesday, October 14th. The shares were purchased at an average cost 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 of the company’s stock, valued at approximately $3,386,342.40. This represents a 7.02% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders purchased 251,167 shares of company stock valued at $674,244 over the last three months. 33.41% of the stock is owned by company insiders.

El Paso Company Profile

El Paso Corporation was a U.S. energy company focused primarily on natural gas. Its businesses included owning and operating natural gas pipelines and related gathering and processing facilities, as well as natural gas exploration and production. The company’s pipeline network served markets across the United States. Kinder Morgan completed its acquisition of El Paso Corporation in 2012, after which El Paso ceased to operate as an independent publicly traded company.