El Paso Corporation (NYSEAMERICAN:EP - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $2.85 and traded as high as $3.33. El Paso shares last traded at $3.30, with a volume of 26,096 shares trading hands.
El Paso Price Performance
The firm has a fifty day moving average of $2.73 and a two-hundred day moving average of $2.85. The stock has a market capitalization of $131.27 million, a P/E ratio of -1.61 and a beta of 0.30. The company has a debt-to-equity ratio of 1.85, a current ratio of 0.42 and a quick ratio of 0.37.
El Paso (NYSEAMERICAN:EP - Get Free Report) last issued its earnings results on Friday, August 14th. The basic materials company reported ($0.06) earnings per share (EPS) for the quarter. The business had revenue of $9.51 million for the quarter. El Paso had a negative return on equity of 119.38% and a negative net margin of 229.58%.
Hedge Funds Weigh In On El Paso
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Tower Research Capital LLC TRC increased its holdings in El Paso by 325.9% during the second quarter. Tower Research Capital LLC TRC now owns 7,696 shares of the basic materials company's stock valued at $41,000 after buying an additional 5,889 shares during the period. Jane Street Group LLC purchased a new stake in El Paso during the second quarter worth $76,000. Citadel Advisors LLC bought a new stake in El Paso during the 3rd quarter valued at $93,000. Deutsche Bank AG boosted its position in El Paso by 138.3% during the 4th 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. Finally, Wellington Management Group LLP increased its holdings in shares of El Paso by 69.7% in the 4th 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 during the period.
About El Paso
(
Get Free Report)
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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