Tuesday, May 6, 2008

EP: El Paso Corp



El Passo Corp is a natural gas utility company. They serve much of the southern region, western region and eastern region of the US.

Check out their impressive pipeline system on their website http://www.elpaso.com/pipelines/

Quick notes on the company:

El Paso has 42,000 miles of pipeline with expansion projects on the way.
Return on Investments (TTM) 2.0%
Return on Equity (TTM) 10.0%
P/E(TTM) 33.4x
Below: A roller Coaster!


Unfortunately EP's 1 year EPS growth rate is down 20.86%. And by looking at EP's chart, there will be resistance around the $18 range. With inconsistant earnings, this stock could easily go down, or go up for a while and then back down. Expect support at 15.50 (I would buy much more of this stock at 15.50).

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