El Paso Corporation (NYSEAMERICAN:EP – Get Free Report) crossed below its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $2.86 and traded as low as $2.80. El Paso shares last traded at $2.83, with a volume of 35,393 shares trading hands.
El Paso Stock Down 9.0%
The company’s 50-day moving average price is $2.84 and its 200 day moving average price is $2.86. The company has a debt-to-equity ratio of 1.85, a quick ratio of 0.37 and a current ratio of 0.42. The stock has a market cap of $117.73 million, a PE ratio of -1.38 and a beta of 0.52.
El Paso (NYSEAMERICAN:EP – Get Free Report) last posted its quarterly earnings data on Friday, August 14th. The basic materials company reported ($0.06) earnings per share (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%.
Insiders Place Their Bets
In other El Paso news, Director Phil E. Mulacek purchased 69,427 shares of the firm’s stock in a transaction on Wednesday, October 14th. The shares were acquired at an average cost of $3.20 per share, for a total transaction of $222,166.40. Following the completion of the transaction, the director owned 1,058,232 shares of the company’s stock, valued at approximately $3,386,342.40. The trade was a 7.02% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders have purchased 140,800 shares of company stock valued at $421,440 in the last 90 days. 33.41% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently modified their holdings of EP. Susquehanna International Group LLP purchased a new position in shares of El Paso during the 2nd quarter valued at about $173,000. NewEdge Advisors LLC bought a new position in shares of El Paso during the 2nd quarter valued at approximately $137,000. Finally, Sanders Morris Harris LLC bought a new position in shares of El Paso during the 3rd quarter valued at approximately $52,000.
About El Paso
El Paso Corporation was an energy company focused primarily on natural gas transportation, storage and related infrastructure. Through its pipeline operations, the company provided services that connected natural gas producers with utilities, industrial customers and other markets across the United States.
The company also operated exploration and production activities, with interests in the development of natural gas and oil properties. Its operations were concentrated largely in North America, particularly in major U.S.
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