El Paso (NYSEAMERICAN:EP) Posts Earnings Results

El Paso (NYSEAMERICAN:EP) issued its quarterly earnings data on Thursday. The basic materials company reported ($0.10) earnings per share for the quarter, FiscalAI reports. The business had revenue of $5.10 million during the quarter. El Paso had a negative return on equity of 53.04% and a negative net margin of 210.72%.

El Paso Stock Down 6.5%

Shares of EP traded down $0.18 on Friday, reaching $2.61. The stock had a trading volume of 25,776 shares, compared to its average volume of 60,522. The firm has a market capitalization of $103.83 million, a price-to-earnings ratio of -1.25 and a beta of 0.31. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.28 and a current ratio of 0.34. The company has a 50-day simple moving average of $2.93 and a 200-day simple moving average of $3.05. El Paso has a 12-month low of $2.61 and a 12-month high of $6.31.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Tower Research Capital LLC TRC lifted its stake in shares of El Paso by 325.9% in the 2nd quarter. Tower Research Capital LLC TRC now owns 7,696 shares of the basic materials company’s stock valued at $41,000 after purchasing an additional 5,889 shares during the period. Jane Street Group LLC purchased a new position in shares of El Paso in the 2nd quarter valued at approximately $76,000. Citadel Advisors LLC purchased a new position in shares of El Paso in the 3rd quarter valued at approximately $93,000. Deutsche Bank AG lifted its stake in shares of El Paso by 138.3% in the 4th quarter. Deutsche Bank AG now owns 27,271 shares of the basic materials company’s stock valued at $83,000 after purchasing an additional 15,828 shares during the period. Finally, Wellington Management Group LLP lifted its stake in shares of El Paso by 69.7% in the 4th quarter. Wellington Management Group LLP now owns 50,707 shares of the basic materials company’s stock valued at $154,000 after purchasing an additional 20,827 shares during the period.

El Paso Company Profile

Empire Petroleum Corporation engages in the exploration and development of oil and gas interests in Louisiana, New Mexico, North Dakota, Montana, and Texas. The company was formerly known as Americomm Resources Corporation and changed its name to Empire Petroleum Corporation in August 2001. Empire Petroleum Corporation was incorporated in 1983 and is headquartered in Tulsa, Oklahoma.