El Paso (NYSEAMERICAN:EP) Director Purchases $26,808.75 in Stock

El Paso Corporation (NYSEAMERICAN:EP) Director Phil Mulacek purchased 11,915 shares of the stock in a transaction on Wednesday, September 30th. The stock was acquired at an average cost of $2.25 per share, for a total transaction of $26,808.75. Following the acquisition, the director owned 931,727 shares in the company, valued at approximately $2,096,385.75. This represents a 1.30% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through this link.

El Paso Price Performance

Shares of NYSEAMERICAN EP traded up $0.07 during midday trading on Monday, hitting $2.68. 50,440 shares of the company’s stock were exchanged, compared to its average volume of 72,211. El Paso Corporation has a 12-month low of $2.08 and a 12-month high of $4.58. The company has a current ratio of 0.42, a quick ratio of 0.37 and a debt-to-equity ratio of 1.85. The company has a market cap of $111.49 million, a price-to-earnings ratio of -1.31 and a beta of 0.52. The business’s fifty day moving average price is $2.69 and its two-hundred day moving average price is $2.75.

El Paso (NYSEAMERICAN:EP) last posted its quarterly earnings data on Friday, August 14th. The basic materials company reported ($0.06) earnings per share for the quarter. The company 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 Trading of El Paso

An institutional investor recently bought a new position in El Paso stock. NewEdge Advisors LLC acquired a new position in shares of El Paso Corporation (NYSEAMERICAN:EP) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 51,064 shares of the basic materials company’s stock, valued at approximately $137,000. NewEdge Advisors LLC owned about 0.12% of El Paso as of its most recent filing with the Securities and Exchange Commission.

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.