Key Points
- Director Phil Mulacek bought 14,508 El Paso shares at an average price of $2.67, investing approximately $38,736 and increasing his direct ownership by 1.56% to 946,235 shares.
- El Paso reported a quarterly loss of $0.06 per share on $9.51 million in revenue, alongside a negative net margin of 229.58% and negative return on equity of 119.38%.
- Susquehanna International Group acquired 64,693 shares worth approximately $173,000, representing a new institutional position and about 0.16% ownership.
El Paso Corporation (NYSEAMERICAN:EP - Get Free Report) Director Phil Mulacek acquired 4,023 shares of El Paso stock in a transaction dated Wednesday, October 7th. The stock was purchased at an average cost of $2.72 per share, for a total transaction of $10,942.56. Following the completion of the purchase, the director owned 952,573 shares in the company, valued at approximately $2,590,998.56. The trade was a 0.42% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
El Paso Price Performance
EP opened at $3.30 on Wednesday. El Paso Corporation has a twelve month low of $2.08 and a twelve month high of $4.08. The company has a current ratio of 0.42, a quick ratio of 0.37 and a debt-to-equity ratio of 1.85. The company has a fifty day moving average of $2.75 and a 200-day moving average of $2.74.
El Paso (NYSEAMERICAN:EP - Get Free Report) last announced its earnings results on Friday, August 14th. The basic materials company reported ($0.06) earnings per share for the quarter. The firm 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%.
Key El Paso News
Here are the key news stories impacting El Paso this week:
- Positive Sentiment: Director Phil E. Mulacek made four open-market purchases between October 5 and October 8, acquiring a combined 25,127 shares for approximately $68,048. His ownership increased to 956,854 shares, signaling continued insider confidence in El Paso Corporation. SEC insider ownership filing
- Positive Sentiment: El Paso Corporation’s shares recently moved above their 200-day moving average, a technical development that can attract momentum-oriented investors and suggest improving market sentiment. El Paso shares cross above 200-day moving average
- Neutral Sentiment: Reports about El Paso County’s sheriff facing a budget deficit concern local government finances and do not appear to involve El Paso Corporation or its stock. El Paso County sheriff budget deficit podcast
- Neutral Sentiment: El Paso Water’s upcoming budget meetings also relate to a separate municipal utility and have no direct announced impact on El Paso Corporation. El Paso Water budget meetings
Institutional Inflows and Outflows
An institutional investor recently bought a new stake in El Paso stock. NewEdge Advisors LLC acquired a new position in El Paso Corporation (NYSEAMERICAN:EP - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 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 at the end of the most recent quarter.
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.
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