El Paso (NYSEAMERICAN:EP) Director Phil Mulacek Purchases 4,281 Shares of Company Stock

El Paso Corporation (NYSEAMERICAN:EP) Director Phil Mulacek acquired 4,281 shares of the stock in a transaction dated Thursday, October 8th. The shares were bought at an average cost of $2.82 per share, with a total value of $12,072.42. Following the transaction, the director directly owned 956,854 shares of the company’s stock, valued at $2,698,328.28. This represents a 0.45% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

El Paso Trading Up 3.2%

Shares of NYSEAMERICAN:EP opened at $3.25 on Tuesday. El Paso Corporation has a 12 month low of $2.08 and a 12 month high of $4.08. The company has a quick ratio of 0.37, a current ratio of 0.42 and a debt-to-equity ratio of 1.85. The company’s fifty day simple moving average is $2.73 and its 200 day simple moving average is $2.74. The firm has a market cap of $135.20 million, a price-to-earnings ratio of -1.59 and a beta of 0.52.

El Paso (NYSEAMERICAN:EP) last posted its quarterly earnings data on Friday, August 14th. The basic materials company reported ($0.06) EPS for the quarter. The company had revenue of $9.51 million during the quarter. El Paso had a negative net margin of 229.58% and a negative return on equity of 119.38%.

Institutional Trading of El Paso

A hedge fund recently bought a new position in El Paso stock. NewEdge Advisors LLC purchased a new stake in El Paso Corporation (NYSEAMERICAN:EP) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 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 reporting period.

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.