NEW YORK (AVAFIN) -- Fascinating results were revealed during today's trading session for El Paso. A noteworthy total
of 37,186 call and 4,443 put contracts exchanged hands. The volume of call contracts outnumbered put
contracts at a ratio of 8.4:1, yielding a 0.12 put/call ratio.
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El Paso's pipelines have wide economic moats and generate stable cash flow, while its E&P operation possesses a narrow moat.
Additionaly, El Paso shifted its oil and gas drilling operations to liquids-rich Altamont, Eagle Ford, and Haynesville properties to take advantage of the pricing advantage of oil over natural gas, which should help fetch attractive prices in a sale.
Shares of El Paso rose $0.44 (+1.51%) to $29.54 in today's trading session.
The price of EP ranged between $29.00 - $29.82. Volume is 18M in relation to the three
month average volume of 9M shares. EP is trading above the 50 day
moving average and higher than the 200 day moving average. The stock's 52 week low is $16.30 and 52 week high is $30.86. Performance indicators show that the stock has gained 2.04% within the last week.
El Paso Corporation is an energy company, operates in the natural gas transmission and exploration and production sectors of the energy industry. Its purpose is to provide natural gas and related energy products in a safe, efficient and dependable manner.