El Paso (NYSEAMERICAN:EP) Share Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Shares of El Paso Corporation (NYSEAMERICAN:EP) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $2.84 and traded as high as $2.94. El Paso shares last traded at $2.86, with a volume of 50,746 shares trading hands.

El Paso Stock Up 3.7%

The company has a quick ratio of 0.54, a current ratio of 0.42 and a debt-to-equity ratio of 1.85. The stock has a market capitalization of $123.72 million, a P/E ratio of -1.52 and a beta of 0.30. The firm has a 50 day simple moving average of $2.68 and a two-hundred day simple moving average of $2.84.

El Paso (NYSEAMERICAN:EP) last released its 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 net margin of 229.58% and a negative return on equity of 119.38%. The business had revenue of $9.51 million during the quarter.

Institutional Trading of El Paso

A number of hedge funds have recently made changes to their positions in the company. Tower Research Capital LLC TRC boosted its position in El Paso by 325.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 7,696 shares of the basic materials company’s stock worth $41,000 after buying an additional 5,889 shares during the period. Jane Street Group LLC acquired a new stake in shares of El Paso during the 2nd quarter worth approximately $76,000. Deutsche Bank AG grew its holdings in El Paso by 138.3% in the fourth quarter. Deutsche Bank AG now owns 27,271 shares of the basic materials company’s stock worth $83,000 after purchasing an additional 15,828 shares during the period. Citadel Advisors LLC acquired a new stake in shares of El Paso in the 3rd quarter valued at about $93,000. Finally, Wellington Management Group LLP grew its stake in El Paso by 69.7% in the fourth quarter. Wellington Management Group LLP now owns 50,707 shares of the basic materials company’s stock valued at $154,000 after acquiring an additional 20,827 shares during the period.

About El Paso

Empire Petroleum Corporation engages in the exploration and development of oil and gas interests in Louisiana, New Mexico, North Dakota, Montana, and Texas. The company was formerly known as Americomm Resources Corporation and changed its name to Empire Petroleum Corporation in August 2001. Empire Petroleum Corporation was incorporated in 1983 and is headquartered in Tulsa, Oklahoma.