Empire Petroleum (EP)
XASE:EP
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Empire Petroleum
(NYSE MKT:EP)
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Rating:43Neutral
Price Target:
$2.50
▼(-16.67% Downside)
Action:ReiteratedDate:03/19/26
The score is held down primarily by deteriorating financial performance (deeper losses, negative equity, and negative operating cash flow) and a weak technical setup (price below key moving averages with negative MACD). Corporate events provide some offset via improved liquidity from recent financings, but valuation remains constrained by ongoing losses and no dividend support in the provided data.
Positive Factors
Completed $10M rights offering
A fully subscribed $10M rights offering meaningfully bolsters liquidity and reduces near-term refinancing pressure. Durable impact: stronger cash buffer supports ongoing operations, planned development activity and reduces the urgency of distress financing over the next several months.
Negative Factors
Negative shareholders' equity
Negative equity is a persistent structural weakness: it compresses borrowing capacity, may trigger lender covenants, and elevates refinancing and dilution risk. Over the next 2–6 months this restricts access to secured financing and increases dependence on equity raises or asset sales to restore balance-sheet health.
Read all positive and negative factors
Positive Factors
Negative Factors
Completed $10M rights offering
A fully subscribed $10M rights offering meaningfully bolsters liquidity and reduces near-term refinancing pressure. Durable impact: stronger cash buffer supports ongoing operations, planned development activity and reduces the urgency of distress financing over the next several months.
Read all positive factors
Empire Petroleum (EP) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$103.16M
Dividend YieldN/A
Average Volume (3M)35.68K
Price to Earnings (P/E)―
Beta (1Y)1.19
Revenue Growth-22.34%
EPS Growth-282.22%
CountryUS
Employees63
SectorEnergy
Sector Strength52
IndustryOil & Gas Exploration & Production
Share Statistics
EPS (TTM)-1.69
Shares Outstanding36,842,583
10 Day Avg. Volume42,900
30 Day Avg. Volume35,683
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)-22.48
Price to Sales (P/S)3.03
P/FCF Ratio-25.88
Enterprise Value/Market Cap1.10
Enterprise Value/Revenue3.31
Enterprise Value/Gross Profit-17.16
Enterprise Value/Ebitda-16.62
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Empire Petroleum Business Overview & Revenue Model
Company Description
Empire Petroleum (EP) is an independent oil and gas company primarily engaged in the exploration, production, and acquisition of oil and natural gas properties across various regions. The company operates in the upstream sector, focusing on optimi...
How the Company Makes Money
EP primarily makes money by selling hydrocarbons it produces from its operated and non-operated oil and natural gas properties. Its key revenue stream is sales of crude oil and natural gas (and any associated NGLs where produced), typically priced...
Empire Petroleum Financial Statement Overview
Summary
Income Statement
22
Negative
Balance Sheet
18
Very Negative
Cash Flow
24
Negative
| Breakdown | Dec 2025 | Dec 2024 | Mar 2024 | Mar 2023 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 34.20M | 44.04M | 40.14M | 53.27M | 27.68M |
| Gross Profit | -6.61M | 3.47M | 5.38M | 23.80M | 9.79M |
| EBITDA | -6.82M | -4.89M | -8.08M | 10.02M | -7.37M |
| Net Income | -72.07M | -16.20M | -12.47M | 7.08M | -18.61M |
Balance Sheet | |||||
| Total Assets | 65.87M | 123.87M | 92.62M | 71.55M | 50.09M |
| Cash, Cash Equivalents and Short-Term Investments | 1.19M | 2.25M | 7.79M | 11.94M | 3.61M |
| Total Debt | 15.35M | 11.88M | 6.68M | 8.00M | 9.44M |
| Total Liabilities | 70.48M | 61.10M | 57.66M | 48.31M | 40.26M |
| Stockholders Equity | -4.61M | 62.77M | 34.96M | 23.24M | 9.83M |
Cash Flow | |||||
| Free Cash Flow | -4.00M | -47.71M | -26.88M | 4.61M | -16.74M |
| Operating Cash Flow | -3.95M | 6.16M | -9.89M | 18.06M | 3.17M |
| Investing Cash Flow | -4.61M | -53.87M | -14.77M | -11.41M | -24.72M |
| Financing Cash Flow | 7.50M | 42.17M | 20.50M | 1.69M | 25.00M |
Empire Petroleum Technical Analysis
Neutral
3.00
Price Trends
3.05
Negative
3.06
Negative
3.70
Negative
Market Momentum
-0.06
Negative
50.92
Neutral
45.70
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For EP, the sentiment is Neutral. The current price of 3 is above the 20-day moving average (MA) of 2.94, below the 50-day MA of 3.05, and below the 200-day MA of 3.70, indicating a neutral trend. The MACD of -0.06 indicates Negative momentum. The RSI at 50.92 is Neutral, neither overbought nor oversold. The STOCH value of 45.70 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for EP.
Empire Petroleum Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | $256.39M | 4.20 | 10.56% | ― | -10.63% | 239.78% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
65 Neutral | $169.42M | 28.10 | 4.46% | 13.52% | -0.91% | 65.38% | |
63 Neutral | $190.87M | -22.04 | -4.55% | 5.24% | 63.65% | -386.67% | |
60 Neutral | $381.10M | -5.17 | -4.02% | ― | -16.15% | -148.78% | |
56 Neutral | $325.45M | -0.78 | -56.05% | ― | -3.16% | -2822.47% | |
43 Neutral | $103.16M | -1.44 | -177.26% | ― | -22.34% | -282.22% |
* Energy Sector Average
EP
Empire Petroleum
2.80
-1.10
-28.15%
EPM
Evolution Petroleum
4.84
1.14
30.74%
GTE
Gran Tierra Energy
9.22
5.12
124.88%
AMPY
Amplify Energy
6.21
3.61
138.85%
REI
Ring Energy
1.82
0.95
108.72%
EPSN
Epsilon Energy
6.31
-0.20
-3.00%
Empire Petroleum Corporate Events
Private Placements and FinancingRegulatory Filings and Compliance
Empire Petroleum Establishes At-The-Market Equity Sales Program
Neutral
May 1, 2026
On May 1, 2026, Empire Petroleum Corporation entered into a Sales Agreement with Roth Capital Partners that allows the company to sell up to $30 million of its common stock in at-the-market or privately negotiated transactions. The shares, issued ...
Business Operations and StrategyPrivate Placements and Financing
Empire Petroleum Completes Fully Subscribed $10 Million Rights Offering
Positive
Mar 19, 2026
On March 19, 2026, Empire Petroleum announced that its previously launched rights offering, which expired on March 18, 2026, was fully subscribed and generated approximately $10 million in gross proceeds at a subscription price of $2.99 per share....
Business Operations and Strategy
Empire Petroleum Joins New Louisiana Development Program
Positive
Mar 18, 2026
On March 18, 2026, Empire Petroleum Corporation announced it has elected to participate in a new oil and natural gas development program in Louisiana, signaling a strategic move to deepen its operational footprint in that resource-rich region. The...
Private Placements and Financing
Empire Petroleum Expands and Extends Share Rights Offering
Neutral
Feb 25, 2026
On February 25, 2026, Empire Petroleum Corporation announced it had extended the expiration of its registered rights offering to March 18, 2026 and increased the number of common shares available under the subscription rights to 3,344,482, raising...
Private Placements and Financing
Empire Petroleum Completes $3 Million Convertible Note Financing
Positive
Feb 23, 2026
On February 19, 2026, Empire Petroleum Corporation issued a $3 million promissory note to investor Phil E. Mulacek, with all funds already advanced as of that date to repay existing debt and support general working capital. The unsecured note carr...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.