El Paso (NYSEAMERICAN:EP) Issues Earnings Results

El Paso (NYSEAMERICAN:EP) announced its earnings results on Thursday. The basic materials company reported ($0.18) earnings per share for the quarter, FiscalAI reports. The company had revenue of $5.10 million for the quarter. El Paso had a negative net margin of 210.72% and a negative return on equity of 53.04%.

El Paso Stock Performance

El Paso stock traded up $0.07 during mid-day trading on Thursday, reaching $2.79. 33,947 shares of the stock traded hands, compared to its average volume of 70,263. El Paso has a 12-month low of $2.61 and a 12-month high of $6.31. The business’s 50-day moving average is $2.94 and its 200-day moving average is $3.05. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.34 and a quick ratio of 0.28. The stock has a market capitalization of $110.99 million, a PE ratio of -1.33 and a beta of 0.31.

Institutional Investors Weigh In On El Paso

Hedge funds and other institutional investors have recently made changes to their positions in the business. Tower Research Capital LLC TRC lifted its stake in shares of El Paso by 325.9% in the 2nd quarter. Tower Research Capital LLC TRC now owns 7,696 shares of the basic materials company’s stock worth $41,000 after purchasing an additional 5,889 shares during the period. Jane Street Group LLC bought a new stake in El Paso during the second quarter valued at approximately $76,000. Citadel Advisors LLC purchased a new stake in El Paso during the third quarter valued at approximately $93,000. Deutsche Bank AG increased its holdings in El Paso by 138.3% during the fourth quarter. Deutsche Bank AG now owns 27,271 shares of the basic materials company’s stock valued at $83,000 after buying an additional 15,828 shares during the last quarter. Finally, 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 during the period.

About El Paso

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.