El Paso (NYSEAMERICAN:EP) Stock: Insider Phil Mulacek Acquires 11,915 Shares

El Paso Corporation (NYSEAMERICAN:EP) Director Phil Mulacek bought 11,915 shares of El Paso stock in a transaction dated Wednesday, September 30th. The stock was acquired at an average price of $2.25 per share, with a total value of $26,808.75. Following the purchase, the director directly owned 931,727 shares of the company’s stock, valued at approximately $2,096,385.75. This represents a 1.30% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website.

El Paso Stock Performance

Shares of NYSEAMERICAN EP traded up $0.07 during midday trading on Monday, hitting $2.68. The company’s stock had a trading volume of 50,440 shares, compared to its average volume of 72,211. The firm has a market capitalization of $111.49 million, a price-to-earnings ratio of -1.31 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. The stock has a fifty day moving average price of $2.69 and a 200 day moving average price of $2.75. El Paso Corporation has a one year low of $2.08 and a one year high of $4.58.

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

Institutional Inflows and Outflows

A hedge fund recently bought a new position in El Paso stock. NewEdge Advisors LLC acquired a new stake in El Paso Corporation (NYSEAMERICAN:EP) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 51,064 shares of the basic materials company’s stock, valued at approximately $137,000. NewEdge Advisors LLC owned 0.12% of El Paso at the end of the most recent quarter.

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.