El Paso (NYSEAMERICAN:EP) Stock Crosses Above 200-Day Moving Average – Here’s What Happened

El Paso Corporation (NYSEAMERICAN:EP) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $2.85 and traded as high as $3.22. El Paso shares last traded at $3.12, with a volume of 26,378 shares changing hands.

El Paso Stock Up 0.3%

The firm has a 50-day moving average of $2.78 and a two-hundred day moving average of $2.85. The company has a quick ratio of 0.37, a current ratio of 0.42 and a debt-to-equity ratio of 1.85. The company has a market capitalization of $124.51 million, a PE ratio of -1.53 and a beta of 0.34.

El Paso (NYSEAMERICAN:EP) last posted its earnings results on Friday, August 14th. The basic materials company reported ($0.06) EPS for the quarter. The business had revenue of $9.51 million during the quarter. El Paso had a negative net margin of 229.58% and a negative return on equity of 119.38%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Tower Research Capital LLC TRC increased 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 acquiring an additional 5,889 shares during the last quarter. Jane Street Group LLC acquired a new position in shares of El Paso in the 2nd quarter worth approximately $76,000. Deutsche Bank AG boosted its position in shares of El Paso by 138.3% during the 4th 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 purchased a new position in shares of El Paso during the 3rd quarter worth approximately $93,000. Finally, Wellington Management Group LLP increased its holdings in El Paso by 69.7% in the 4th quarter. Wellington Management Group LLP now owns 50,707 shares of the basic materials company’s stock valued at $154,000 after purchasing an additional 20,827 shares during 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.