Key Points
- Director Mason Matschke purchased 5,777 El Paso shares 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 opened at $2.60, up 4.0%, but the company reported a quarterly loss of $0.06 per share, $9.51 million in revenue, and significantly negative profitability metrics.
- NewEdge Advisors LLC acquired 51,064 shares worth approximately $137,000 during the second quarter, representing about 0.12% of El Paso.
El Paso Corporation (NYSEAMERICAN:EP - Get Free Report) Director Mason Matschke purchased 5,777 shares of the stock in a transaction that occurred on Friday, September 11th. The shares were acquired at an average price of $2.38 per share, for a total transaction of $13,749.26. Following the completion of the transaction, the director directly owned 442,302 shares of the company's stock, valued at $1,052,678.76. The trade was a 1.32% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
El Paso Stock Up 4.0%
EP stock opened at $2.60 on Wednesday. The company 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 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 $2.28 and a 12 month high of $4.91. The firm has a 50-day moving average of $2.76 and a two-hundred day moving average of $2.83.
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 for the quarter. The company 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 hedge fund recently bought a new stake in El Paso stock. NewEdge Advisors LLC bought a new stake in El Paso Corporation (NYSEAMERICAN:EP - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 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 SEC filing.
About El Paso
(
Get Free Report)
El Paso Corporation was an energy company focused primarily on the transportation, storage and marketing of natural gas, as well as oil and natural gas exploration and production. Through its pipeline operations, the company operated and managed a large network of interstate natural gas pipelines and storage facilities serving energy markets in the United States.
The company's exploration and production business held interests in oil and natural gas properties in several U.S. regions and international locations.
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