Empire Petroleum Corp

Empire Petroleum Corp Stock Forecast & Price Prediction

Live Empire Petroleum Corp Stock (EP) Price
$5.56

0

Ratings

  • Buy 0
  • Hold 0
  • Sell 0
Disclaimer : Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance. This information is for educational purposes only and should not be construed as advice to buy or sell any security.

Stock Price

$5.56

P/E Ratio

221.50

Volume Traded Today

$59,993

Dividend

Dividends not available for EP

52 Week High/low

10.99/4.06

Empire Petroleum Corp Market Cap

$164.5M

๐Ÿ›‘ Alert: These ten stocks could have higher potential than $EP ๐Ÿ›‘

Before you buy EP you'll want to see this list of ten stocks that have huge potential. Want to see if EP made the cut? Enter your email below

EP Summary

The Empire Petroleum Corp (EP) share price is expected to decrease by 100% over the next year. This is based on calculating the average 12-month share price estimate provided by 0 stock analysts who have covered EP. Price targets range from $ at the low end to $ at the high end. The current analyst consensus for EP is a sell. Please note analyst price targets are not guaranteed and could be missed completely.

EP Analyst Ratings

About 0 Wall Street analysts have assignedEP 0 buy ratings, 0 hold ratings, and 0 sell ratings. This means that analysts expect Empire Petroleum Corp to sell. Keep in mind that these ratings are typically refreshed every quarter, underscoring the importance of conducting your own research on EP. Don't forget to include both technical and fundamental analysis, as well as staying informed on news that could influence these ratings, in your due diligence.

EP stock forecast by analyst

These are the latest 20 analyst ratings of EP.

Analyst/Firm

Rating

Price Target

Change

Date

Data Not Found!

EP Company Information

What They Do: Engages in oil and gas exploration and development.

Business Model: The company acquires, explores, and develops oil and gas interests across several states, generating revenue from the extraction and sale of hydrocarbons. By focusing on various locations, it diversifies its portfolio and mitigates risks associated with oil and gas price fluctuations.

Other Information: Empire Petroleum Corporation has a long-standing history since its incorporation in 1983 and has undergone a name change to enhance its brand identity. Its headquarters in Tulsa, Oklahoma, positions it strategically within the oil-rich regions of the United States.
EP
Empire Petroleum Corp (EP)

When did it IPO

1995

Staff Count

50

Country

United States

Sector/Industry

Energy/Oil & Gas E&P

CEO

Mr. Michael R. Morrisett

Market Cap

$164.5M

Empire Petroleum Corp (EP) Financial Data

In 2023, EP generated $40.1M in revenue, which was a decrease of -24.65% from the previous year. This can be seen as a signal that EP's business is declining, and its share price could be worth less in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.

Revenue From 2020

$6.0M

Revenue From 2021

$27.7M

362.15 %
From Previous Year

Revenue From 2022

$53.3M

92.48 %
From Previous Year

Revenue From 2023

$40.1M

-24.65 %
From Previous Year
  • Revenue TTM $42.9M
  • Operating Margin TTM -16.4%
  • Gross profit TTM $5.4M
  • Return on assets TTM -8.8%
  • Return on equity TTM -41.3%
  • Profit Margin -37.1%
  • Book Value Per Share 1.87%
  • Market capitalisation $164.5M
  • Revenue for 2021 $27.7M
  • Revenue for 2022 $53.3M
  • Revenue for 2023 $40.1M
  • EPS this year (TTM) $-0.62

Empire Petroleum Corp (EP) Latest News

News Image

Fri, 25 Oct 2024

Sentiment - NEUTRAL

Source - Business Wire

Summary - Empire Petroleum Corporation's rights offering was fully subscribed, with subscriptions exceeding 100% by the October 24, 2024 deadline. The company has assets in multiple states.

Why It Matters - Empire Petroleum's fully subscribed rights offering indicates strong investor confidence and potential for capital growth, which could enhance the company's financial stability and expansion prospects.

News Image

Thu, 10 Oct 2024

Sentiment - NEUTRAL

Source - Business Wire

Summary - Empire Petroleum Corporation (NYSE: EP) has extended the expiration date of its subscription rights offering, aiming to raise up to $10 million in gross proceeds.

Why It Matters - Empire Petroleum's extension of its Rights Offering may indicate a strategic move to secure more capital, potentially affecting its financial stability and growth prospects, impacting investor sentiment.

News Image

Tue, 01 Oct 2024

Sentiment - NEUTRAL

Source - Business Wire

Summary - Empire Petroleum Corporation has launched a subscription rights offering to raise up to $10 million, distributing rights at no charge to current common stockholders.

Why It Matters - Empire Petroleum's rights offering to raise $10 million could impact its stock price and liquidity, potentially signaling growth opportunities or financial strain for investors.

News Image

Fri, 20 Sep 2024

Sentiment - NEUTRAL

Source - Business Wire

Summary - Empire Petroleum Corporation (NYSE: EP) plans a subscription rights offering to raise up to $10 million, with a record date set for September 30, 2024.

Why It Matters - Empire Petroleum's planned $10 million rights offering may dilute existing shares but also indicates growth potential, impacting stock valuation and investor sentiment.

News Image

Mon, 19 Aug 2024

Sentiment - NEUTRAL

Source - Business Wire

Summary - Newman Ferrara LLP is investigating potential fiduciary duty breaches by the Board of Empire Petroleum Corporation (NYSE: EP), a Tulsa-based oil and gas producer.

Why It Matters - The investigation into Empire Petroleum's Board could signal potential governance issues, affecting investor confidence and stock performance. Legal challenges may also impact financial stability.

News Image

Wed, 14 Aug 2024

Sentiment - NEUTRAL

Source - Business Wire

Summary - Empire Petroleum reported a 20% increase in net production volumes in Q2 2024, reaching 2,638 Boe/d, up 24% year-over-year, as it advances its North Dakota drilling program.

Why It Matters - Empire Petroleum's 20% sequential and 24% year-over-year increase in production volumes signals strong operational performance, potentially boosting revenue and investor confidence in the company.

...

EP Frequently asked questions

The highest forecasted price for EP is $ from at .

The lowest forecasted price for EP is $ from from

The EP analyst ratings consensus are 0 buy ratings, 0 hold ratings, and 0 sell ratings.