El Paso Corporation (NYSEAMERICAN:EP – Get Free Report) Director Phil Mulacek acquired 69,427 shares of the company’s stock in a transaction on Wednesday, October 14th. The stock was acquired at an average cost of $3.20 per share, with a total value of $222,166.40. Following the completion of the purchase, the director directly owned 1,058,232 shares in the company, valued at approximately $3,386,342.40. This represents a 7.02% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link.
El Paso Price Performance
Shares of NYSEAMERICAN EP traded up $0.17 during mid-day trading on Monday, hitting $3.39. 109,140 shares of the company’s stock traded hands, compared to its average volume of 71,660. The company’s 50-day moving average is $2.78 and its two-hundred day moving average is $2.75. 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 has a market capitalization of $141.02 million, a P/E ratio of -1.65 and a beta of 0.52. El Paso Corporation has a 1 year low of $2.08 and a 1 year high of $4.08.
El Paso (NYSEAMERICAN:EP – Get Free Report) last announced its quarterly earnings results on Friday, August 14th. The basic materials company reported ($0.06) EPS for the quarter. The business had revenue of $9.51 million during 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 large investors have recently modified their holdings of EP. Sanders Morris Harris LLC bought a new stake in El Paso in the third quarter worth $52,000. NewEdge Advisors LLC purchased a new position in El Paso during the second quarter worth $137,000. Finally, Susquehanna International Group LLP bought a new position in El Paso during the second quarter valued at $173,000.
About El Paso
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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