El Paso (NYSEAMERICAN:EP) Director Purchases 14,508 Shares of Stock

Key Points

• Director Phil Mulacek purchased 14,508 El Paso shares at an average price of $2.67, investing $38,736.36 and increasing his stake by 1.56% to 946,235 shares.
• El Paso shares opened at $3.25, compared with a 12-month range of $2.08 to $4.08; the company has a market capitalization of approximately $135.2 million and a negative P/E ratio of -1.59.
• The company reported a quarterly loss of $0.06 per share on $9.51 million in revenue, alongside a negative net margin of 229.58%; NewEdge Advisors also acquired a new 51,064-share position.

El Paso Corporation (NYSEAMERICAN:EP - Get Free Report) Director Phil Mulacek purchased 14,508 shares of the business's stock in a transaction that occurred on Monday, October 5th. The stock was acquired at an average price of $2.67 per share, for a total transaction of $38,736.36. Following the acquisition, the director owned 946,235 shares in the company, valued at $2,526,447.45. This trade represents a 1.56% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

El Paso Stock Performance

EP opened at $3.25 on Tuesday. The company has a current ratio of 0.42, a quick ratio of 0.37 and a debt-to-equity ratio of 1.85. El Paso Corporation has a 12-month low of $2.08 and a 12-month high of $4.08. The firm has a 50 day moving average of $2.73 and a two-hundred day moving average of $2.74. The firm has a market capitalization of $135.20 million, a PE ratio of -1.59 and a beta of 0.52.

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. 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%.

Institutional Investors Weigh In On El Paso

An institutional investor recently bought a new stake in El Paso stock. NewEdge Advisors LLC purchased a new position in shares of El Paso Corporation (NYSEAMERICAN:EP - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 51,064 shares of the basic materials company's stock, valued at approximately $137,000. NewEdge Advisors LLC owned 0.12% of El Paso as of its most recent filing with the Securities and Exchange Commission.

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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