El Paso (NYSEAMERICAN:EP) Posts Earnings Results

El Paso (NYSEAMERICAN:EP) posted its quarterly earnings data on Friday. The basic materials company reported ($0.08) EPS for the quarter, Zacks reports. El Paso had a negative return on equity of 119.38% and a negative net margin of 229.58%. The business had revenue of $9.57 million during the quarter.

El Paso Stock Performance

NYSEAMERICAN:EP traded up $0.07 during mid-day trading on Friday, hitting $2.47. 22,837 shares of the company’s stock traded hands, compared to its average volume of 70,110. The firm has a market capitalization of $102.75 million, a price-to-earnings ratio of -1.20 and a beta of 0.36. The firm has a 50 day moving average of $2.66 and a two-hundred day moving average of $2.81. 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 has a 12 month low of $1.96 and a 12 month high of $4.00.

Insider Activity at El Paso

In other El Paso news, major shareholder Evolution Master Fund Energy purchased 48,025 shares of the business’s stock in a transaction dated Thursday, November 5th. The stock was bought at an average cost of $2.02 per share, for a total transaction of $97,010.50. Following the completion of the acquisition, the insider directly owned 11,743,914 shares in the company, valued at $23,722,706.28. This represents a 0.41% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Phil E. Mulacek acquired 69,427 shares of El Paso stock in a transaction dated Wednesday, October 14th. The stock was acquired at an average cost of $3.20 per share, with a total value of $222,166.40. Following the completion of the transaction, the director directly owned 1,058,232 shares of the company’s stock, valued at $3,386,342.40. This trade represents a 7.02% increase in their position. The SEC filing for this purchase provides additional information. Over the last ninety days, insiders acquired 251,167 shares of company stock worth $674,244. Company insiders own 33.41% of the company’s stock.

El Paso Company Profile

El Paso Corporation was a U.S. energy company focused primarily on natural gas. Its businesses included owning and operating natural gas pipelines and related gathering and processing facilities, as well as natural gas exploration and production. The company’s pipeline network served markets across the United States. Kinder Morgan completed its acquisition of El Paso Corporation in 2012, after which El Paso ceased to operate as an independent publicly traded company.