Key Points
- Evolution Master Fund Energy bought 33,771 El Paso shares on November 6 at an average $2.45 each, spending about $82,739 and increasing its position by 0.29% to 11.78 million shares. It also reported purchases of 48,025 shares on November 5 and 9,417 shares on November 9.
- El Paso shares opened at $2.44, within a 52-week range of $1.96 to $4.00, and below their 50-day and 200-day moving averages of $2.70 and $2.82.
- The company reported a quarterly loss of $0.06 per share on $9.51 million in revenue, alongside a negative net margin of 229.58% and a current ratio of 0.42.
El Paso Corporation (NYSEAMERICAN:EP - Get Free Report) major shareholder Evolution Master Fund Energy purchased 9,417 shares of the business's stock in a transaction that occurred on Monday, November 9th. The shares were purchased at an average price of $2.53 per share, for a total transaction of $23,825.01. Following the completion of the acquisition, the insider owned 11,787,102 shares of the company's stock, valued at $29,821,368.06. The trade was a 0.08% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own more than 10% of a company's stock are required to disclose their sales and purchases with the SEC.
Evolution Master Fund Energy also recently made the following trade(s):
- On Friday, November 6th, Evolution Master Fund Energy acquired 33,771 shares of El Paso stock. The stock was purchased at an average cost of $2.45 per share, with a total value of $82,738.95.
- On Thursday, November 5th, Evolution Master Fund Energy acquired 48,025 shares of El Paso stock. The stock was purchased at an average price of $2.02 per share, with a total value of $97,010.50.
El Paso Stock Performance
NYSEAMERICAN:EP opened at $2.44 on Tuesday. El Paso Corporation has a 52 week low of $1.96 and a 52 week high of $4.00. The firm has a 50-day moving average price of $2.70 and a two-hundred day moving average price of $2.82. 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 (NYSEAMERICAN:EP - Get Free Report) last issued its quarterly earnings results on Friday, August 14th. The basic materials company reported ($0.06) EPS 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 Investors Weigh In On El Paso
A number of hedge funds have recently made changes to their positions in the business. Sanders Morris Harris LLC bought a new position in El Paso during the third quarter valued at about $52,000. NewEdge Advisors LLC bought a new stake in El Paso in the second quarter worth about $137,000. Finally, Susquehanna International Group LLP bought a new stake in El Paso in the second quarter worth about $173,000.
El Paso Company Profile
(
Get Free Report)
El Paso Corporation was an energy company focused primarily on natural gas transportation, storage and related infrastructure. Through its pipeline operations, the company provided services that connected natural gas producers with utilities, industrial customers and other markets across the United States.
The company also operated exploration and production activities, with interests in the development of natural gas and oil properties. Its operations were concentrated largely in North America, particularly in major U.S.
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