El Paso (NYSEAMERICAN:EP – Get Free Report) posted its earnings results on Friday. The basic materials company reported ($0.05) EPS for the quarter, FiscalAI reports. The business had revenue of $9.51 million for the quarter. El Paso had a negative net margin of 245.83% and a negative return on equity of 77.50%.
El Paso Stock Down 0.7%
El Paso stock opened at $2.78 on Friday. The company has a debt-to-equity ratio of 3.77, a current ratio of 0.59 and a quick ratio of 0.54. The stock has a market capitalization of $110.59 million, a PE ratio of -1.29 and a beta of 0.30. The business has a 50 day simple moving average of $2.68 and a 200-day simple moving average of $2.84. El Paso has a 12 month low of $2.41 and a 12 month high of $5.60.
Institutional Investors Weigh In On El Paso
A number of institutional investors have recently added to or reduced their stakes in EP. BlackRock Inc. purchased a new stake in El Paso in the 2nd quarter worth $568,000. Wellington Management Group LLP lifted its holdings in El Paso by 69.7% during the fourth quarter. Wellington Management Group LLP now owns 50,707 shares of the basic materials company’s stock valued at $154,000 after purchasing an additional 20,827 shares in the last quarter. Citadel Advisors LLC acquired a new stake in shares of El Paso in the third quarter valued at about $93,000. Deutsche Bank AG grew its position in shares of El Paso by 138.3% in the fourth quarter. Deutsche Bank AG now owns 27,271 shares of the basic materials company’s stock valued at $83,000 after purchasing an additional 15,828 shares during the period. Finally, Jane Street Group LLC purchased a new stake in shares of El Paso during the second quarter worth about $76,000.
El Paso Company Profile
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.
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