El Paso Corporation (NYSEAMERICAN:EP – Get Free Report) Director Phil Mulacek purchased 5,878 shares of the business’s stock in a transaction on Friday, October 9th. The stock was purchased at an average cost of $3.08 per share, for a total transaction of $18,104.24. Following the completion of the acquisition, the director directly owned 962,732 shares of the company’s stock, valued at approximately $2,965,214.56. The trade was a 0.61% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
El Paso Stock Up 5.3%
Shares of EP stock traded up $0.17 during trading hours on Monday, reaching $3.39. 109,140 shares of the company’s stock were exchanged, compared to its average volume of 71,660. The stock’s 50 day moving average is $2.78 and its 200-day moving average is $2.75. The company has a market cap of $141.02 million, a price-to-earnings ratio of -1.65 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 Corporation has a fifty-two week low of $2.08 and a fifty-two 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. The business had revenue of $9.51 million during the quarter. El Paso had a negative return on equity of 119.38% and a negative net margin of 229.58%.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in the business. Sanders Morris Harris LLC purchased a new stake in El Paso in the third quarter valued at about $52,000. NewEdge Advisors LLC acquired a new stake in El Paso in the second quarter worth about $137,000. Finally, Susquehanna International Group LLP acquired a new stake in El Paso in the second quarter worth about $173,000.
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.
See Also
- Five stocks we like better than El Paso
- Tesla’s Roadster Reveal Hints at 2 Much Bigger Moves
- The AI Sell-Off Continues—These 3 Stocks Keep Raising Guidance Anyway
- Mr. Wonderful’s Test for AI Data Center Stocks: Power, Permits, and Tenants
- Alcoa Beat Earnings, But Can It Escape the Aluminum Bears?
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.
