El Paso (NYSEAMERICAN:EP – Get Free Report) issued its earnings results on Thursday. The basic materials company reported ($0.18) earnings per share (EPS) for the quarter, FiscalAI reports. The business had revenue of $5.10 million for the quarter. El Paso had a negative net margin of 210.72% and a negative return on equity of 53.04%.
El Paso Price Performance
EP stock traded down $0.02 during mid-day trading on Friday, reaching $2.77. 4,969 shares of the company traded hands, compared to its average volume of 69,892. The company has a fifty day moving average price of $2.94 and a 200-day moving average price of $3.05. El Paso has a 52-week low of $2.61 and a 52-week high of $6.31. The company has a market capitalization of $110.19 million, a P/E ratio of -1.33 and a beta of 0.31. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.34 and a quick ratio of 0.28.
Hedge Funds Weigh In On El Paso
Hedge funds have recently bought and sold shares of the company. Verdence Capital Advisors LLC lifted its stake in El Paso by 9.5% in the 4th quarter. Verdence Capital Advisors LLC now owns 53,830 shares of the basic materials company’s stock worth $164,000 after purchasing an additional 4,650 shares in the last quarter. Tower Research Capital LLC TRC boosted its holdings in El Paso by 325.9% in the 2nd quarter. Tower Research Capital LLC TRC now owns 7,696 shares of the basic materials company’s stock valued at $41,000 after purchasing an additional 5,889 shares during the period. Jane Street Group LLC purchased a new position in shares of El Paso during the 2nd quarter valued at $76,000. Deutsche Bank AG increased its holdings in shares of 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. Finally, Citadel Advisors LLC bought a new position in shares of El Paso in the third quarter worth $93,000.
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.
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