El Paso (NYSEAMERICAN:EP) Releases Quarterly Earnings Results

El Paso (NYSEAMERICAN:EP) released its quarterly earnings results on Friday. The basic materials company reported ($0.08) earnings per share (EPS) for the quarter, Zacks reports. The firm had revenue of $9.57 million during the quarter. El Paso had a negative net margin of 229.58% and a negative return on equity of 119.38%.

El Paso Stock Up 2.9%

Shares of EP stock traded up $0.07 on Friday, hitting $2.47. 22,837 shares of the stock were exchanged, compared to its average volume of 57,647. 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 firm has a market capitalization of $102.75 million, a P/E ratio of -1.20 and a beta of 0.36. The business has a 50-day moving average of $2.65 and a 200 day moving average of $2.81. El Paso has a fifty-two week low of $1.96 and a fifty-two week high of $4.00.

Insider Transactions at El Paso

In other news, Director Phil E. Mulacek bought 69,427 shares of the business’s stock in a transaction on Wednesday, October 14th. The shares were purchased at an average price of $3.20 per share, for a total transaction of $222,166.40. Following the purchase, 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 position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Evolution Master Fund Energy bought 48,025 shares of the business’s stock in a transaction on Thursday, November 5th. The stock was purchased at an average price of $2.02 per share, for a total transaction of $97,010.50. Following the purchase, the insider directly owned 11,743,914 shares in the company, valued at approximately $23,722,706.28. This represents a 0.41% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders have purchased 251,167 shares of company stock valued at $674,244. 33.41% of the stock is owned by corporate insiders.

El Paso Company Profile

El Paso Corporation was a U.S. energy company focused primarily on natural gas. Its businesses included owning and operating natural gas pipelines and related gathering and processing facilities, as well as natural gas exploration and production. The company’s pipeline network served markets across the United States. Kinder Morgan completed its acquisition of El Paso Corporation in 2012, after which El Paso ceased to operate as an independent publicly traded company.