Key Points
- Director Phil Mulacek purchased 11,915 El Paso shares at $2.25 each, spending $26,808.75 and increasing his stake by 1.30% to 931,727 shares.
- El Paso shares opened at $2.68, up 2.7%, with a market capitalization of approximately $111.5 million. The stock has traded between $2.08 and $4.58 over the past year.
- The company reported a quarterly loss of $0.06 per share on $9.51 million in revenue, alongside negative profitability metrics; NewEdge Advisors also recently acquired a 51,064-share stake valued at about $137,000.
El Paso Corporation (NYSEAMERICAN:EP - Get Free Report) Director Phil Mulacek acquired 11,915 shares of the business's stock in a transaction that occurred on Wednesday, September 30th. The stock was acquired at an average cost of $2.25 per share, with a total value of $26,808.75. Following the completion of the acquisition, the director owned 931,727 shares in the company, valued at $2,096,385.75. This trade represents a 1.30% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
El Paso Stock Up 2.7%
El Paso stock opened at $2.68 on Tuesday. The firm has a 50 day simple moving average of $2.69 and a 200 day simple moving average of $2.74. 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 1-year low of $2.08 and a 1-year high of $4.58. The firm has a market capitalization of $111.49 million, a price-to-earnings ratio of -1.31 and a beta of 0.52.
El Paso (NYSEAMERICAN:EP - Get Free Report) last posted its earnings results on Friday, August 14th. The basic materials company reported ($0.06) earnings per share (EPS) for the quarter. El Paso had a negative return on equity of 119.38% and a negative net margin of 229.58%.The company had revenue of $9.51 million for the quarter.
Institutional Inflows and Outflows
An institutional investor recently bought a new stake in El Paso stock. NewEdge Advisors LLC bought a new stake in shares of El Paso Corporation (NYSEAMERICAN:EP - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund 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 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.
Further Reading
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