El Paso (NYSEAMERICAN:EP) Stock: Insider Phil Mulacek Acquires 4,281 Shares

El Paso Corporation (NYSEAMERICAN:EP) Director Phil Mulacek acquired 4,281 shares of the company’s stock in a transaction that occurred on Thursday, October 8th. The shares were acquired at an average cost of $2.82 per share, for a total transaction of $12,072.42. Following the purchase, the director directly owned 956,854 shares in the company, valued at $2,698,328.28. This trade represents a 0.45% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

El Paso Stock Performance

EP stock opened at $3.25 on Tuesday. The business’s 50-day moving average price is $2.73 and its two-hundred day moving average price 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. The firm has a market cap of $135.20 million, a PE ratio of -1.59 and a beta of 0.52. El Paso Corporation has a 1-year low of $2.08 and a 1-year high of $4.08.

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

Hedge Funds Weigh In On El Paso

An institutional investor recently bought a new stake in El Paso stock. NewEdge Advisors LLC bought a new position in shares of El Paso Corporation (NYSEAMERICAN:EP) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 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 as of its most recent filing with the Securities and Exchange Commission.

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.