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Empire Petroleum ( (EP) ) has shared an update.
On July 24, 2025, Empire Petroleum announced the extension of the expiration date for its $5.0 million rights offering to July 30, 2025, allowing stockholders more time to consider participation. The offering includes $2.5 million from warrant exercises, and stockholders as of July 10, 2025, receive subscription rights to purchase units at $5.30 each, with options for over-subscription. Chairman Phil E. Mulacek plans to fully participate, indicating confidence in the offering.
Spark’s Take on EP Stock
According to Spark, TipRanks’ AI Analyst, EP is a Neutral.
Empire Petroleum’s overall stock score is primarily affected by its financial challenges, with negative profitability being the most significant factor. The technical analysis suggests some neutral momentum, while the valuation remains a concern due to net losses. However, the recent corporate event could provide a potential financial boost, offering a slight positive outlook.
To see Spark’s full report on EP stock, click here.
More about Empire Petroleum
Empire Petroleum Corporation is a publicly traded oil and gas company based in Tulsa, with producing assets in New Mexico, North Dakota, Montana, Texas, and Louisiana. The company focuses on organic growth and targeted acquisitions of proved developed assets that complement its existing portfolio of wells.
Average Trading Volume: 28,496
Technical Sentiment Signal: Strong Sell
Current Market Cap: $168.2M
Find detailed analytics on EP stock on TipRanks’ Stock Analysis page.