How does EP's PS Ratio compare to its peers?

EP is good value based on its Price-To-Sales Ratio (4.2x) compared to the peer average (5.7x).

How does EP's PS Ratio compare vs other companies in the US Oil and Gas Industry?

EP is expensive based on its Price-To-Sales Ratio (4.2x) compared to the US Oil and Gas industry average (1.9x).

What is EP's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

Insufficient data to calculate EP's Price-To-Sales Fair Ratio for valuation analysis.

What is the Fair Price of EP when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Insufficient data to calculate EP's fair value for valuation analysis.

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Insufficient data to show price forecast.

Empire Petroleum (NYSEAM:EP) - Stock Price, News & Analysis

EP Stock Overview

Engages in the acquisition, exploration, and development of oil and gas interests in Louisiana, New Mexico, Montana, North Dakota, and Texas. More details

EP fundamental analysis
Snowflake Score
Valuation	1/6
Future Growth	0/6
Past Performance	0/6
Financial Health	4/6
Dividends	0/6

Risk Analysis

Earnings have declined by 3.8% per year over past 5 years

Shareholders have been diluted in the past year

Empire Petroleum Corporation Competitors

San Juan Basin Royalty Trust

NYSE:SJT

US$175.7m

Evolution Petroleum

NYSEAM:EPM

US$193.1m

Gran Tierra Energy

NYSEAM:GTE

US$225.1m

Peak Resources

NYSEAM:PRB

US$203.7m

Price History & Performance

Summary of all time highs, changes and price drops for Empire Petroleum
Historical stock prices
Current Share Price	US$5.35
52 Week High	US$10.99
52 Week Low	US$4.06
Beta	1.12
11 Month Change	4.90%
3 Month Change	1.33%
1 Year Change	-26.41%
33 Year Change	-58.85%
5 Year Change	607.67%
Change since IPO	644.54%

Recent updates

Shareholder Returns

	EP	US Oil and Gas	US Market
7D	-14.7%	1.9%	-1.0%
1Y	-26.4%	16.1%	30.3%

Return vs Industry: EP underperformed the US Oil and Gas industry which returned 14.9% over the past year.

Return vs Market: EP underperformed the US Market which returned 30.4% over the past year.

Price Volatility

Is EP's price volatile compared to industry and market?
EP volatility
EP Average Weekly Movement	8.0%
Oil and Gas Industry Average Movement	5.3%
Market Average Movement	6.2%
10% most volatile stocks in US Market	15.7%
10% least volatile stocks in US Market	3.1%

Stable Share Price: EP has not had significant price volatility in the past 3 months compared to the US market.

Volatility Over Time: EP's weekly volatility (8%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1983	50	Mike Morrisett	empirepetroleumcorp.com

Empire Petroleum Corporation engages in the acquisition, exploration, and development of oil and gas interests in Louisiana, New Mexico, Montana, North Dakota, 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.

Empire Petroleum Corporation Fundamentals Summary

How do Empire Petroleum's earnings and revenue compare to its market cap?
EP fundamental statistics
Market cap	US$192.38m
Earnings (TTM)	-US$16.80m
Revenue (TTM)	US$43.25m

4.2x

P/S Ratio

-10.7x

P/E Ratio

Is EP overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
EP income statement (TTM)
Revenue	US$43.25m
Cost of Revenue	US$32.66m
Gross Profit	US$10.59m
Other Expenses	US$27.39m
Earnings	-US$16.80m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	-0.50
Gross Margin	24.48%
Net Profit Margin	-38.84%
Debt/Equity Ratio	15.4%

How did EP perform over the long term?

See historical performance and comparison

EP Stock Overview

Risk Analysis

Empire Petroleum Corporation Competitors

NYSE:SJT

US$175.7m

NYSEAM:EPM

US$193.1m

NYSEAM:GTE

US$225.1m

NYSEAM:PRB

US$203.7m

Price History & Performance

Recent News & Updates

Independent Director exercised options to buy US$206k worth of stock.

Third quarter 2024 earnings released: US$0.12 loss per share (vs US$0.12 loss in 3Q 2023)

Empire Petroleum Corporation has completed a Follow-on Equity Offering in the amount of $10 million.

Second quarter 2024 earnings released: US$0.15 loss per share (vs US$0.11 loss in 2Q 2023)

Independent Chairman of the Board recently bought US$201k worth of stock

New minor risk - Share price stability

Recent updates

Independent Director exercised options to buy US$206k worth of stock.

Third quarter 2024 earnings released: US$0.12 loss per share (vs US$0.12 loss in 3Q 2023)

Empire Petroleum Corporation has completed a Follow-on Equity Offering in the amount of $10 million.

Second quarter 2024 earnings released: US$0.15 loss per share (vs US$0.11 loss in 2Q 2023)

Independent Chairman of the Board recently bought US$201k worth of stock

New minor risk - Share price stability

First quarter 2024 earnings released: US$0.15 loss per share (vs US$0.11 loss in 1Q 2023)

Empire Petroleum Corporation, Annual General Meeting, Jun 14, 2024

CEO, COO exercised options to buy US$341k worth of stock.

Full year 2023 earnings released: US$0.55 loss per share (vs US$0.34 profit in FY 2022)

Empire Petroleum Corporation Announces Stephen L. Faulkner, Jr. (Larry) Resigns as Chief Accounting Officer

Empire Petroleum Corporation has filed a Follow-on Equity Offering in the amount of $25.000004 million.

Empire Petroleum Corporation has filed a Follow-on Equity Offering in the amount of $25.000004 million.

Empire Petroleum Corporation has filed a Follow-on Equity Offering in the amount of $25.000004 million.

Empire Petroleum Corporation announced that it has received $10.054656 million in funding

Third quarter 2023 earnings released: US$0.12 loss per share (vs US$0.01 profit in 3Q 2022)

New minor risk - Share price stability

Empire Petroleum Commences 2023 Development Program

New major risk - Financial position

Second quarter 2023 earnings released: US$0.11 loss per share (vs US$0.27 profit in 2Q 2022)

Empire Petroleum Corporation (NYSEAM:EP) acquired Additional Interests in Eunice Monument South Unit A, Eunice Monument South Unit B, and Arrowhead Grayburg Unit from Coert Holdings 1 LLC for approximately $6.7 million.

Empire Petroleum Corporation Announces Resignation of Eugene J. Sweeney as Chief Operating Officer

Independent Chairman of the Board recently bought US$229k worth of stock

First quarter 2023 earnings released: US$0.11 loss per share (vs US$0.18 profit in 1Q 2022)

Empire Petroleum Names Stephen Faulkner CFO

Investor sentiment deteriorates as stock falls 16%

High number of new and inexperienced directors

Independent Chairman of the Board recently bought US$942k worth of stock

Third quarter 2022 earnings released: EPS: US$0.01 (vs US$0.23 loss in 3Q 2021)

Empire Petroleum Corporation Resigns as Chief Accounting Officer, Effective November 30, 2022

Empire Petroleum Corporation to Report Q3, 2022 Results on Nov 14, 2022

Independent Chairman of the Board recently bought US$1.6m worth of stock

Second quarter 2022 earnings released: EPS: US$0.27 (vs US$0.35 loss in 2Q 2021)

Empire Petroleum Corporation to Report Q2, 2022 Results on Aug 16, 2022

Empire Petroleum Corporation, Annual General Meeting, Aug 26, 2022

Chairman of the Board recently bought US$714k worth of stock

Insider recently sold US$5.9m worth of stock

First quarter 2022 earnings released: EPS: US$0.18 (vs US$0.13 loss in 1Q 2021)

Empire Petroleum Appoints Andrew Lewis as Board Member

Less than half of directors are independent

Empire Petroleum Corporation (NYSEAM:EP) acquired Operated and Non-operated Oil and Natural Gas Assets in North Dakota.

Full year 2021 earnings released: US$1.27 loss per share (vs US$2.97 loss in FY 2020)

No independent directors

Empire Petroleum Corporation Appoints Eugene Sweeney as Chief Operating Officer

Empire Petroleum Corporation announced delayed 10-Q filing

Empire Petroleum Corporation announced that it has received $0.525 million in funding from Petroleum Independent and Exploration Corporation

Empire Petroleum Corporation announced that it expects to receive $0.525 million in funding from Petroleum Independent and Exploration Corporation

Shareholder Returns

Price Volatility

About the Company

Empire Petroleum Corporation Fundamentals Summary

4.2x

-10.7x

Earnings & Revenue