El Paso (NYSEAMERICAN:EP – Get Free Report) released its earnings results on Friday. The basic materials company reported ($0.05) earnings per share (EPS) for the quarter, FiscalAI reports. El Paso had a negative net margin of 245.83% and a negative return on equity of 77.50%. The company had revenue of $9.51 million during the quarter.
El Paso Stock Performance
El Paso stock traded down $0.02 during trading hours on Friday, reaching $2.78. 29,164 shares of the stock were exchanged, compared to its average volume of 23,846. El Paso has a 52-week low of $2.41 and a 52-week high of $5.60. The stock has a market cap of $110.59 million, a P/E ratio of -1.29 and a beta of 0.30. The company has a debt-to-equity ratio of 3.77, a quick ratio of 0.54 and a current ratio of 0.59. The firm’s 50 day moving average is $2.68 and its 200 day moving average is $2.84.
Institutional Investors Weigh In On El Paso
A number of institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. purchased a new position in shares of El Paso during the 2nd quarter worth approximately $568,000. Wellington Management Group LLP raised its position in El Paso by 69.7% in the fourth quarter. Wellington Management Group LLP now owns 50,707 shares of the basic materials company’s stock worth $154,000 after acquiring an additional 20,827 shares in the last quarter. Deutsche Bank AG lifted its holdings in El Paso by 138.3% in the fourth quarter. Deutsche Bank AG now owns 27,271 shares of the basic materials company’s stock valued at $83,000 after acquiring an additional 15,828 shares during the period. Verdence Capital Advisors LLC boosted its position in shares of El Paso by 9.5% during the 4th quarter. Verdence Capital Advisors LLC now owns 53,830 shares of the basic materials company’s stock worth $164,000 after purchasing an additional 4,650 shares in the last quarter. Finally, Citadel Advisors LLC purchased a new stake in shares of El Paso during the 3rd quarter worth $93,000.
El Paso Company Profile
Empire Petroleum Corporation engages in the exploration and development of oil and gas interests in Louisiana, New Mexico, North Dakota, Montana, and Texas. The company was formerly known as Americomm Resources Corporation and changed its name to Empire Petroleum Corporation in August 2001. Empire Petroleum Corporation was incorporated in 1983 and is headquartered in Tulsa, Oklahoma.
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