El Paso Corporation (NYSEAMERICAN:EP – Get Free Report) Director Phil Mulacek bought 5,878 shares of the stock in a transaction that occurred on Friday, October 9th. The stock was bought at an average price of $3.08 per share, with a total value of $18,104.24. Following the completion of the purchase, the director directly owned 962,732 shares in the company, valued at $2,965,214.56. This represents a 0.61% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website.
El Paso Stock Performance
NYSEAMERICAN: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 stock has a market capitalization of $141.02 million, a price-to-earnings ratio of -1.65 and a beta of 0.52. El Paso Corporation has a 52-week low of $2.08 and a 52-week high of $4.08. 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’s 50 day moving average price is $2.78 and its 200-day moving average price is $2.75.
El Paso (NYSEAMERICAN:EP – Get Free Report) last issued its quarterly 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 net margin of 229.58% and a negative return on equity of 119.38%.
Hedge Funds Weigh In On El Paso
Several hedge funds have recently made changes to their positions in the company. Susquehanna International Group LLP acquired a new position in shares of El Paso in the 2nd quarter valued at $173,000. NewEdge Advisors LLC acquired a new stake in El Paso during the 2nd quarter worth about $137,000. Finally, Sanders Morris Harris LLC acquired a new stake in El Paso during the 3rd quarter worth about $52,000.
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.
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