El Paso (NYSEAMERICAN:EP) Shares Down 4.3% - Here's Why

Key Points

• Shares fell 4.3% to $2.87 (intraday low $2.81) on Wednesday, with mid-day volume ~69,618 shares, about 25% below the average daily volume.
• The company shows weak short-term liquidity (current ratio 0.34, quick ratio 0.28), a negative P/E of -1.37 and a market cap of roughly $101.7 million, indicating elevated financial risk.
• Institutional investors have recently increased or opened positions—Wellington (+69.7%), Deutsche Bank (+138.3%), Verdence (+9.5%) and new stakes from Citadel and Jane Street—signaling notable institutional interest despite the drop.

El Paso Corporation (NYSEAMERICAN:EP - ) dropped 4.3% during trading on Wednesday . The stock traded as low as $2.81 and last traded at $2.87. Approximately 69,618 shares traded hands during mid-day trading, a decline of 25% from the average daily volume of 93,360 shares. The stock had previously closed at $3.00.

El Paso Trading Down 4.3%

The company has a current ratio of 0.34, a quick ratio of 0.28 and a debt-to-equity ratio of 0.29. The stock has a market cap of $101.68 million, a P/E ratio of -1.37 and a beta of 0.44. The firm's 50-day simple moving average is $3.07 and its 200 day simple moving average is $3.28.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Verdence Capital Advisors LLC boosted its holdings in shares of El Paso by 9.5% in the fourth quarter. Verdence Capital Advisors LLC now owns 53,830 shares of the basic materials company's stock valued at $164,000 after acquiring an additional 4,650 shares in the last quarter. Wellington Management Group LLP boosted its holdings in shares of 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 valued at $154,000 after acquiring an additional 20,827 shares in the last quarter. Deutsche Bank AG boosted its holdings in shares of El Paso by 138.3% in the fourth quarter. Deutsche Bank AG now owns 27,271 shares of the basic materials company's stock valued at $83,000 after acquiring an additional 15,828 shares in the last quarter. Citadel Advisors LLC bought a new position in shares of El Paso in the third quarter valued at approximately $93,000. Finally, Jane Street Group LLC bought a new position in shares of El Paso in the second quarter valued at approximately $76,000.

El Paso Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.