El Paso (NYSEAMERICAN:EP) Announces Earnings Results

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

El Paso Stock Up 2.9%

Shares of EP stock traded up $0.07 during trading hours on Friday, hitting $2.47. 22,837 shares of the company were exchanged, compared to its average volume of 70,110. The business 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 52 week low of $1.96 and a 52 week high of $4.00. The company has a market capitalization of $102.75 million, a PE ratio of -1.20 and a beta of 0.36.

Insider Buying and Selling at El Paso

In related news, major shareholder Evolution Master Fund Energy acquired 9,674 shares of the business’s stock in a transaction that occurred on Tuesday, November 10th. The shares were acquired at an average cost of $2.59 per share, with a total value of $25,055.66. Following the transaction, the insider owned 11,796,776 shares of the company’s stock, valued at $30,553,649.84. The trade was a 0.08% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Phil E. Mulacek bought 69,427 shares of El Paso stock in a transaction that occurred on Wednesday, October 14th. The stock was bought at an average cost of $3.20 per share, with a total value of $222,166.40. Following the completion of the purchase, the director owned 1,058,232 shares in the company, valued at approximately $3,386,342.40. This trade represents a 7.02% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders purchased a total of 251,167 shares of company stock worth $674,244 over the last ninety days. 33.41% of the stock is currently owned by insiders.

About El Paso

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.