El Paso Corporation (NYSEAMERICAN:EP – Get Free Report) Director Phil Mulacek purchased 11,915 shares of the company’s stock in a transaction that occurred on Wednesday, September 30th. The shares were acquired at an average price of $2.25 per share, for a total transaction of $26,808.75. Following the completion of the acquisition, the director directly owned 931,727 shares of the company’s stock, valued at $2,096,385.75. This trade represents a 1.30% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
El Paso Stock Down 1.8%
EP stock opened at $2.73 on Thursday. The stock’s fifty day simple moving average is $2.70 and its two-hundred day simple moving average is $2.74. 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 Corporation has a 1-year low of $2.08 and a 1-year high of $4.52. The stock has a market cap of $113.57 million, a P/E ratio of -1.33 and a beta of 0.52.
El Paso (NYSEAMERICAN:EP – Get Free Report) last announced its earnings results on Friday, August 14th. The basic materials company reported ($0.06) earnings per share (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 Inflows and Outflows
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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