El Paso Corporation (NYSEAMERICAN:EP – Get Free Report) Director Phil Mulacek acquired 20,073 shares of El Paso stock in a transaction that occurred on Monday, October 12th. The stock was acquired at an average cost of $3.20 per share, with a total value of $64,233.60. Following the purchase, the director owned 988,805 shares in the company, valued at $3,164,176. The trade was a 2.07% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
El Paso Price Performance
Shares of NYSEAMERICAN:EP opened at $3.35 on Thursday. El Paso Corporation has a 1 year low of $2.08 and a 1 year high of $4.08. The firm has a fifty day moving average price of $2.82 and a 200 day moving average price of $2.76. 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 (NYSEAMERICAN:EP – Get Free Report) last posted its earnings results on Friday, August 14th. The basic materials company reported ($0.06) 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 for the quarter.
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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