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

EP Stock Overview

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

About the company

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

Rewards

Risk Analysis

Earnings have declined by 6% per year over past 5 years

Shareholders have been diluted in the past year

Empire Petroleum Corporation Competitors

MV Oil Trust

NYSE:MVO

US$109.8m

Evolution Petroleum

NYSEAM:EPM

US$186.9m

PrimeEnergy Resources

NasdaqCM:PNRG

US$178.3m

PEDEVCO

NYSEAM:PED

US$83.1m

Price History & Performance

Summary of all time highs, changes and price drops for Empire Petroleum
Historical stock prices
Current Share Price	US$4.98
52 Week High	US$11.85
52 Week Low	US$4.61
Beta	1.28
1 Month Change	-2.73%
3 Month Change	-26.76%
1 Year Change	-54.02%
3 Year Change	-35.16%
5 Year Change	315.00%
Change since IPO	593.05%

Recent updates

Shareholder Returns

	EP	US Oil and Gas	US Market
7D	-2.7%	2.3%	1.2%
1Y	-54.0%	16.0%	24.7%

Return vs Industry: EP underperformed the US Oil and Gas industry which returned 16% over the past year.

Return vs Market: EP underperformed the US Market which returned 24.7% over the past year.

Price Volatility

Is EP's price volatile compared to industry and market?
EP volatility
EP Average Weekly Movement	8.7%
Oil and Gas Industry Average Movement	4.5%
Market Average Movement	6.0%
10% most volatile stocks in US Market	16.6%
10% least volatile stocks in US Market	3.0%

Stable Share Price: EP's share price has been volatile over the past 3 months.

Volatility Over Time: EP's weekly volatility (9%) 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$139.65m
Earnings (TTM)	-US$12.47m
Revenue (TTM)	US$40.14m

3.2x

P/S Ratio

-10.2x

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$40.14m
Cost of Revenue	US$31.67m
Gross Profit	US$8.47m
Other Expenses	US$20.94m
Earnings	-US$12.47m

Last Reported Earnings

Dec 31, 2023

Next Earnings Date

n/a

Earnings per share (EPS)	-0.49
Gross Margin	21.11%
Net Profit Margin	-31.06%
Debt/Equity Ratio	16.3%

How did EP perform over the long term?

See historical performance and comparison

EP Stock Overview

Rewards

Risk Analysis

Empire Petroleum Corporation Competitors

NYSE:MVO

US$109.8m

NYSEAM:EPM

US$186.9m

NasdaqCM:PNRG

US$178.3m

NYSEAM:PED

US$83.1m

Price History & Performance

Recent News & Updates

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

Recent updates

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

3.2x

-10.2x

Earnings & Revenue