El Paso Corporation (NYSEAMERICAN:EP – Get Free Report) Director Phil Mulacek acquired 4,281 shares of the firm’s stock in a transaction that occurred on Thursday, October 8th. The shares were bought at an average price of $2.82 per share, with a total value of $12,072.42. Following the acquisition, the director directly owned 956,854 shares of the company’s stock, valued at $2,698,328.28. The trade was a 0.45% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
El Paso Stock Performance
NYSEAMERICAN EP opened at $3.27 on Friday. The company has a debt-to-equity ratio of 1.85, a quick ratio of 0.37 and a current ratio of 0.42. El Paso Corporation has a 52-week low of $2.08 and a 52-week high of $4.08. The company has a 50-day simple moving average of $2.78 and a 200 day simple moving average of $2.75.
El Paso (NYSEAMERICAN:EP – Get Free Report) last released its earnings results on Friday, August 14th. The basic materials company reported ($0.06) earnings per share for the quarter. El Paso had a negative net margin of 229.58% and a negative return on equity of 119.38%. The company had revenue of $9.51 million during the quarter.
Hedge Funds Weigh In On El Paso
Institutional investors have recently bought and sold shares of the company. Sanders Morris Harris LLC bought a new position in El Paso during the third quarter valued at $52,000. NewEdge Advisors LLC purchased a new stake in El Paso in the second quarter worth $137,000. Finally, Susquehanna International Group LLP purchased a new stake in El Paso in the second quarter worth $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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