El Paso (NYSEAMERICAN:EP) Director Buys 5,777 Shares of Stock

Key Points

• Director Mason Matschke purchased 5,777 shares of El Paso at an average price of $2.38, investing $13,749.26 and increasing his stake by 1.32% to 442,302 shares.
• El Paso shares rose 4.0% to $2.60 in mid-day trading, though the stock remains near its 52-week low and has a market capitalization of approximately $108.2 million.
• The company reported a quarterly loss of $0.06 per share on $9.51 million in revenue, alongside sharply negative profitability metrics; separately, NewEdge Advisors acquired a new 51,064-share position.

El Paso Corporation (NYSEAMERICAN:EP - Get Free Report) Director Mason Matschke bought 5,777 shares of El Paso stock in a transaction on Friday, September 11th. The stock was acquired at an average cost of $2.38 per share, with a total value of $13,749.26. Following the acquisition, the director owned 442,302 shares in the company, valued at approximately $1,052,678.76. This represents a 1.32% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

El Paso Stock Up 4.0%

Shares of EP stock traded up $0.10 during mid-day trading on Tuesday, hitting $2.60. The company's stock had a trading volume of 24,354 shares, compared to its average volume of 75,155. The stock has a market cap of $108.16 million, a price-to-earnings ratio of -1.27 and a beta of 0.34. 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 $2.28 and a 52-week high of $4.91. The business has a 50-day moving average price of $2.76 and a 200 day moving average price of $2.83.

El Paso (NYSEAMERICAN:EP - Get Free Report) last released its quarterly earnings data on Friday, August 14th. The basic materials company reported ($0.06) EPS for the quarter. El Paso had a negative return on equity of 119.38% and a negative net margin of 229.58%.The business had revenue of $9.51 million during the quarter.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in El Paso stock. NewEdge Advisors LLC bought a new position in El Paso Corporation (NYSEAMERICAN:EP - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 51,064 shares of the basic materials company's stock, valued at approximately $137,000. NewEdge Advisors LLC owned about 0.12% of El Paso at the end of the most recent quarter.

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.

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