Key Points
- Director Phil Mulacek purchased 20,073 El Paso shares at an average price of $3.20, investing $64,233.60 and increasing his stake by 2.07% to 988,805 shares.
- El Paso reported a quarterly loss of $0.06 per share on $9.51 million in revenue, with a negative net margin of 229.58% and negative return on equity of 119.38%.
- The stock opened at $3.39, compared with a 12-month range of $2.08 to $4.08; several institutional investors recently established new positions in the company.
El Paso Corporation (NYSEAMERICAN:EP - Get Free Report) Director Phil Mulacek acquired 20,073 shares of the company's stock in a transaction dated Monday, October 12th. The stock was acquired at an average price of $3.20 per share, for a total transaction of $64,233.60. Following the completion of the purchase, the director directly owned 988,805 shares of the company's stock, valued at $3,164,176. This trade represents a 2.07% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
El Paso Stock Performance
NYSEAMERICAN EP opened at $3.39 on Tuesday. El Paso Corporation has a twelve month low of $2.08 and a twelve month high of $4.08. 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 stock has a 50-day simple moving average of $2.80 and a 200 day simple moving average of $2.75.
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 business had revenue of $9.51 million for the quarter. El Paso had a negative net margin of 229.58% and a negative return on equity of 119.38%.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the stock. Sanders Morris Harris LLC acquired a new stake in El Paso during the third quarter worth about $52,000. NewEdge Advisors LLC bought a new position in El Paso during the second quarter valued at about $137,000. Finally, Susquehanna International Group LLP bought a new position in El Paso during the second quarter valued at about $173,000.
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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