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Empire Petroleum ( (EP) ) just unveiled an announcement.
On June 17, 2025, Empire Petroleum Corporation issued a Promissory Note for $4,000,000 to Phil E. Mulacek, with an initial advance of $2,000,000. The note matures on June 17, 2027, with an interest rate of 5.5% per annum, increasing to 9% after maturity. The company can request additional advances and has provisions for repayment upon equity sales.
Spark’s Take on EP Stock
According to Spark, TipRanks’ AI Analyst, EP is a Neutral.
The overall stock score for Empire Petroleum is primarily influenced by weak financial performance, characterized by profitability issues and reliance on external financing. Despite some positive short-term technical indicators, the negative P/E ratio and lack of dividend yield suggest valuation concerns. These factors combine to result in a below-average stock score.
To see Spark’s full report on EP stock, click here.
More about Empire Petroleum
Average Trading Volume: 26,916
Technical Sentiment Signal: Sell
Current Market Cap: $186.5M
For an in-depth examination of EP stock, go to TipRanks’ Overview page.