El Paso Corporation (NYSEAMERICAN:EP – Get Free Report) Director Phil Mulacek acquired 20,073 shares of the business’s stock in a transaction dated Monday, October 12th. The shares were bought at an average price of $3.20 per share, with a total value of $64,233.60. Following the transaction, the director directly owned 988,805 shares in the company, valued at approximately $3,164,176. The trade was a 2.07% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink.
El Paso Price Performance
Shares of EP traded up $0.17 during trading hours on Monday, hitting $3.39. 109,140 shares of the company were exchanged, compared to its average volume of 71,660. The company has a debt-to-equity ratio of 1.85, a current ratio of 0.42 and a quick ratio of 0.37. The company has a market capitalization of $141.02 million, a PE ratio of -1.65 and a beta of 0.52. The firm has a fifty day simple moving average of $2.78 and a 200-day simple moving average of $2.75. El Paso Corporation has a one year low of $2.08 and a one year high of $4.08.
El Paso (NYSEAMERICAN:EP – Get Free Report) last announced its earnings results on Friday, August 14th. The basic materials company reported ($0.06) earnings per share (EPS) for the quarter. The company had revenue of $9.51 million for the quarter. El Paso had a negative return on equity of 119.38% and a negative net margin of 229.58%.
Hedge Funds Weigh In On El Paso
A number of institutional investors have recently bought and sold shares of EP. Sanders Morris Harris LLC acquired a new stake in El Paso during the 3rd quarter worth about $52,000. NewEdge Advisors LLC purchased a new stake in El Paso during the second quarter valued at about $137,000. Finally, Susquehanna International Group LLP purchased a new stake in El Paso during the second quarter valued at about $173,000.
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.
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