El Paso Corporation (NYSEAMERICAN:EP - Get Free Report) Director Phil Mulacek acquired 4,023 shares of the stock in a transaction that occurred on Wednesday, October 7th. The stock was acquired at an average price of $2.72 per share, with a total value of $10,942.56. Following the completion of the transaction, the director directly owned 952,573 shares of the company's stock, valued at $2,590,998.56. This trade represents a 0.42% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link.
El Paso Trading Up 3.2%
Shares of EP stock opened at $3.25 on Tuesday. 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 firm has a market cap of $135.20 million, a PE ratio of -1.59 and a beta of 0.52. The company has a 50-day moving average of $2.73 and a two-hundred day moving average of $2.74. 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 issued its quarterly earnings data 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 firm had revenue of $9.51 million during the quarter.
Institutional Trading of 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 the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 51,064 shares of the basic materials company's stock, valued at approximately $137,000. NewEdge Advisors LLC owned approximately 0.12% of El Paso as of its most recent filing with the Securities & Exchange Commission.
About El Paso
(
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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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