El Paso (NYSEAMERICAN:EP) Announces Earnings Results

El Paso (NYSEAMERICAN:EP) posted its earnings results on Friday. The basic materials company reported ($0.08) earnings per share (EPS) 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 business had revenue of $9.57 million for the quarter.

El Paso Trading Up 2.9%

EP stock traded up $0.07 during midday trading on Friday, reaching $2.47. 22,837 shares of the company’s stock traded hands, compared to its average volume of 57,647. The company has a debt-to-equity ratio of 1.85, a current ratio of 0.42 and a quick ratio of 0.37. El Paso has a fifty-two week low of $1.96 and a fifty-two week high of $4.00. The business has a 50-day moving average price of $2.65 and a two-hundred day moving average price of $2.81. The company has a market capitalization of $102.75 million, a P/E ratio of -1.20 and a beta of 0.36.

Insider Activity at El Paso

In other El Paso news, major shareholder Evolution Master Fund Energy bought 9,674 shares of the business’s stock in a transaction dated Tuesday, November 10th. The shares were acquired at an average price of $2.59 per share, with a total value of $25,055.66. Following the purchase, the insider owned 11,796,776 shares in the company, valued at approximately $30,553,649.84. The trade was a 0.08% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Phil E. Mulacek bought 69,427 shares of the business’s stock in a transaction dated Wednesday, October 14th. The stock was acquired at an average cost of $3.20 per share, for a total transaction of $222,166.40. Following the purchase, the director owned 1,058,232 shares in the company, valued at approximately $3,386,342.40. This trade represents a 7.02% increase in their position. The SEC filing for this purchase provides additional information. Over the last quarter, insiders have acquired 251,167 shares of company stock valued at $674,244. 33.41% of the stock is owned by insiders.

About El Paso

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.