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Empire Petroleum ( (EP) ) has shared an update.
On January 21, 2026, Empire Petroleum announced that its board set February 2, 2026, as the record date for a non-transferable subscription rights offering aimed at raising up to approximately $6.0 million in gross proceeds. Each shareholder of record will receive one right per common share, with each right allowing the purchase of 0.057 shares of common stock at a subscription price of $2.99 per whole share, potentially resulting in the issuance of about 2.0 million new shares if fully subscribed. The rights offering, which is expected to expire on February 27, 2026, includes an over-subscription privilege for shareholders who fully exercise their basic rights and may modestly dilute existing holdings while providing the company with additional capital to support its growth-focused strategy in its core oil and gas regions, subject to Empire’s ability to amend or terminate the offering before expiration.
The most recent analyst rating on (EP) stock is a Hold with a $3.00 price target. To see the full list of analyst forecasts on Empire Petroleum stock, see the EP Stock Forecast page.
Spark’s Take on EP Stock
According to Spark, TipRanks’ AI Analyst, EP is a Neutral.
The score is held down primarily by weak financial performance (significant losses, declining revenue, and poor cash flow) and a bearish technical setup (price below key moving averages with negative MACD). The extended credit facility provides some support via improved financing access, but the negative P/E and lack of dividend yield limit valuation appeal.
To see Spark’s full report on EP stock, click here.
More about Empire Petroleum
Empire Petroleum Corporation is a publicly traded, Tulsa-based oil and gas company with producing assets across New Mexico, North Dakota, Montana, Texas and Louisiana. The company focuses on organic growth and targeted acquisitions of proved developed assets that offer operational synergies with its existing portfolio of wells.
Average Trading Volume: 37,385
Technical Sentiment Signal: Sell
Current Market Cap: $113.3M
Learn more about EP stock on TipRanks’ Stock Analysis page.