El Paso (NYSEAMERICAN:EP) Shares Cross Above Two Hundred Day Moving Average – What’s Next?

El Paso Corporation (NYSEAMERICAN:EP) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $2.85 and traded as high as $3.33. El Paso shares last traded at $3.30, with a volume of 26,096 shares changing hands.

El Paso Trading Down 0.6%

The company has a debt-to-equity ratio of 1.85, a quick ratio of 0.37 and a current ratio of 0.42. The firm has a fifty day moving average price of $2.73 and a 200 day moving average price of $2.85. The company has a market cap of $129.68 million, a price-to-earnings ratio of -1.59 and a beta of 0.30.

El Paso (NYSEAMERICAN:EP) last posted its earnings results on Friday, August 14th. The basic materials company reported ($0.06) earnings per share 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 Investors Weigh In On El Paso

Several large investors have recently made changes to their positions in the business. Jane Street Group LLC bought a new position in El Paso during the second quarter valued at approximately $76,000. Tower Research Capital LLC TRC boosted its position in shares of El Paso by 325.9% during the second quarter. Tower Research Capital LLC TRC now owns 7,696 shares of the basic materials company’s stock valued at $41,000 after buying an additional 5,889 shares during the period. Citadel Advisors LLC bought a new position in shares of El Paso in the third quarter worth about $93,000. Verdence Capital Advisors LLC grew its position in shares of El Paso by 9.5% during the 4th quarter. Verdence Capital Advisors LLC now owns 53,830 shares of the basic materials company’s stock worth $164,000 after buying an additional 4,650 shares in the last quarter. Finally, Deutsche Bank AG boosted its position in El Paso by 138.3% during the 4th quarter. Deutsche Bank AG now owns 27,271 shares of the basic materials company’s stock valued at $83,000 after acquiring an additional 15,828 shares in the last quarter.

El Paso Company Profile

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.