Insider Buying: El Paso (NYSEAMERICAN:EP) Director Buys $13,749.26 in Stock

El Paso Corporation (NYSEAMERICAN:EP) Director Mason Matschke purchased 5,777 shares of the firm’s stock in a transaction that occurred on Friday, September 11th. The shares were acquired at an average price of $2.38 per share, for a total transaction of $13,749.26. Following the completion of the transaction, the director owned 442,302 shares in the company, valued at $1,052,678.76. The trade was a 1.32% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink.

El Paso Trading Down 1.2%

EP stock opened at $2.47 on Friday. The business has a fifty day moving average price of $2.75 and a 200 day moving average price of $2.82. 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 Corporation has a fifty-two week low of $2.28 and a fifty-two week high of $4.91. The stock has a market capitalization of $102.75 million, a price-to-earnings ratio of -1.20 and a beta of 0.34.

El Paso (NYSEAMERICAN:EP) last posted its quarterly earnings data on Friday, August 14th. The basic materials company reported ($0.06) EPS 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 Investors Weigh In On El Paso

An institutional investor recently bought a new stake in El Paso stock. Susquehanna International Group LLP acquired a new stake in El Paso Corporation (NYSEAMERICAN:EP) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 64,693 shares of the basic materials company’s stock, valued at approximately $173,000. Susquehanna International Group LLP owned approximately 0.16% of El Paso at the end of the most recent quarter.

El Paso Company Profile

El Paso Corporation was an energy company focused primarily on the transportation, storage and marketing of natural gas, as well as oil and natural gas exploration and production. Through its pipeline operations, the company operated and managed a large network of interstate natural gas pipelines and storage facilities serving energy markets in the United States.

The company’s exploration and production business held interests in oil and natural gas properties in several U.S. regions and international locations.