El Paso Corporation (NYSEAMERICAN:EP – Get Free Report) Director Phil Mulacek bought 14,508 shares of the company’s stock in a transaction that occurred on Monday, October 5th. The shares were bought at an average cost of $2.67 per share, for a total transaction of $38,736.36. Following the transaction, the director directly owned 946,235 shares of the company’s stock, valued at $2,526,447.45. This trade represents a 1.56% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
El Paso Trading Up 2.2%
Shares of EP stock opened at $3.27 on Friday. El Paso Corporation has a 1 year low of $2.08 and a 1 year high of $4.08. The firm’s fifty day simple moving average is $2.78 and its 200 day simple moving average is $2.75. The company has a quick ratio of 0.37, a current ratio of 0.42 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) earnings per share for the quarter. El Paso had a negative net margin of 229.58% and a negative return on equity of 119.38%. The company had revenue of $9.51 million during the quarter.
Institutional Inflows and Outflows
Large investors have recently made changes to their positions in the stock. Sanders Morris Harris LLC bought a new stake in shares of El Paso in the third quarter valued at about $52,000. NewEdge Advisors LLC acquired a new stake in El Paso during the second quarter worth 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
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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