EP - Empire Petroleum Corp Stock Price, Fair Value and News

6.37USD-0.04 (-0.62%)Delayed

Market Summary

USD6.37-0.04

Delayed

-0.62%

EP Stock Price

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EP RSI Chart

EP Valuation

Market Cap

193.5M

Price/Earnings (Trailing)

-13.84

Price/Sales (Trailing)

4.92

EV/EBITDA

-19.56

Price/Free Cashflow

-211.95

EP Price/Sales (Trailing)

EP Profitability

EBT Margin

-35.87%

Return on Equity

-44.13%

Return on Assets

-13.97%

Free Cashflow Yield

-0.47%

EP Fundamentals

EP Revenue

Revenue (TTM)

39.4M

Rev. Growth (Yr)

-7.05%

Rev. Growth (Qtr)

-5.16%

EP Earnings

Earnings (TTM)

-14.0M

Earnings Growth (Yr)

-61.62%

Earnings Growth (Qtr)

17.14%

Breaking Down EP Revenue

Last 7 days

-10.2%

Last 30 days

24.4%

Last 90 days

2.6%

Trailing 12 Months

-44.6%

How does EP drawdown profile look like?

EP Financial Health

Current Ratio

0.51

Debt/Equity

0.27

Debt/Cashflow

-0.11

EP Investor Care

Shares Dilution (1Y)

37.44%

Diluted EPS (TTM)

-0.59

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs

Net sales

Year	Q1	Q2	Q3	Q4
2024	39.4M	0	0	0
2023	50.8M	44.8M	41.2M	40.1M
2022	37.9M	48.9M	52.8M	53.2M
2021	7.8M	14.4M	20.9M	27.5M
2020	9.4M	7.5M	6.9M	1.3M
2019	1.8M	3.2M	5.4M	5.9M
2018	0	0	0	465.5K
2017	0	0	0	0
2016	0	0	0	0
2015	0	0	0	0
2014	0	0	0	0
2013	0	0	0	0
2012	0	0	0	0
2011	0	0	0	302.2K
2010	0	0	0	0

Get all data in R, Python etc through our Historical Stock Data APIs

GRUFITY'S FAIR VALUE MODEL

Stocks Marked 'Very Cheap' by Grufity's Fair Value Model Have Outperformed Russell 2000 Index

Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>

Returns of $10,000 invested in:

Very Cheap Stocks: $21,859
Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224

Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.

Russell 2000 Index

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Tracking the Latest Insider Buys and Sells of Empire Petroleum Corp

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Apr 25, 2024	energy evolution master fund, ltd.	acquired	-	-	600,000	-
Apr 22, 2024	morrisett michael r.	acquired	366,945	5.00	73,389	president & ceo
Apr 22, 2024	mulacek phil e	acquired	489,970	5.00	97,994	-
Apr 22, 2024	matschke mason h.	acquired	240,500	5.00	48,100	-
Apr 22, 2024	mulacek phil e	acquired	447,580	5.00	89,516	-
Apr 22, 2024	lewis andrew lloyd	acquired	16,100	5.00	3,220	-
Apr 22, 2024	mulacek phil e	acquired	915	5.00	183	-
Apr 22, 2024	energy evolution master fund, ltd.	acquired	8,032,730	5.00	1,606,550	-
Apr 22, 2024	mulacek phil e	acquired	4,592,300	5.00	918,461	-
Apr 22, 2024	mulacek phil e	acquired	549,180	5.00	109,836	-

Which funds bought or sold EP recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 16, 2024	CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM	reduced	-38.92	-16,903	6,704	-%
May 15, 2024	Tower Research Capital LLC (TRC)	reduced	-13.74	-8,958	5,999	-%
May 15, 2024	CITADEL ADVISORS LLC	new	-	88,413	88,413	-%
May 15, 2024	Royal Bank of Canada	reduced	-89.65	-46,000	2,000	-%
May 15, 2024	Mariner, LLC	reduced	-0.01	-3,110,740	2,703,100	0.01%
May 15, 2024	Cetera Advisor Networks LLC	unchanged	-	-226,433	196,781	-%
May 15, 2024	BOOTHBAY FUND MANAGEMENT, LLC	new	-	303,023	303,023	0.01%
May 15, 2024	Alpine Global Management, LLC	new	-	303,023	303,023	0.08%
May 15, 2024	BARCLAYS PLC	reduced	-48.55	-151,000	47,000	-%
May 15, 2024	BANK OF AMERICA CORP /DE/	reduced	-50.73	-115,043	34,191	-%

Are Funds Buying or Selling EP?

Are funds buying EP calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own EP

No. of Funds

Unveiling Empire Petroleum Corp's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Apr 28, 2023	pritchard thomas w.	3.6%	812,916	SC 13D/A
Aug 17, 2022	kamin tony	4.9%	1,103,294	SC 13D/A
Aug 17, 2022	puckett land co	4.9%	1e+06	SC 13D/A

Recent SEC filings of Empire Petroleum Corp

View All Filings

Date Filed	Form Type	Document
May 16, 2024	8-K	Current Report
May 15, 2024	10-Q	Quarterly Report
May 13, 2024	8-K	Current Report
Apr 29, 2024	4	Insider Trading
Apr 29, 2024	ARS	ARS
Apr 29, 2024	DEF 14A	DEF 14A
Apr 24, 2024	3/A	Insider Trading
Apr 24, 2024	4	Insider Trading
Apr 24, 2024	4	Insider Trading
Apr 24, 2024	4	Insider Trading

Peers (Alternatives to Empire Petroleum Corp)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
XOM	471.7B	341.1B	0.85%	13.11%	14.38	1.38	-16.75%	-46.83%
CVX	300.5B	198.9B	4.03%	5.64%	14.81	1.51	-18.05%	-43.28%
OXY	56.3B	27.7B	-3.83%	8.93%	13.02	2.03	-22.75%	-55.41%
MRO	14.8B	6.6B	-5.31%	13.71%	10.31	2.23	-15.57%	-47.38%
CHK	12.0B	6.4B	5.21%	11.50%	11.38	1.87	-54.63%	-85.10%
MID-CAP
RRC	9.2B	2.2B	8.87%	28.18%	19.03	4.18	-62.59%	-77.29%
HP	3.8B	2.7B	-5.78%	17.60%	10.77	1.38	2.93%	8.77%
CNX	3.7B	2.5B	1.93%	51.75%	3.66	1.46	-6.59%	-31.79%
KOS	2.8B	1.7B	-2.31%	-5.73%	12.58	1.62	-15.13%	-28.06%
CPE	2.4B	2.1B	12.10%	1.07%	5.93	1.13	-35.04%	-60.65%
SMALL-CAP
AMPY	249.2M	304.0M	-7.64%	-11.90%	8.14	0.82	-28.78%	-93.34%
AMTX	170.5M	257.2M	1.32%	57.38%	-3.85	0.66	7.59%	61.82%
BATL	94.5M	205.5M	5.90%	5.71%	-1.66	0.46	-40.02%	-142.55%
AE	70.6M	2.8B	-3.81%	-20.17%	41.23	0.03	-15.01%	137.22%
BRN	26.1M	24.4M	-6.81%	2.77%	-8.02	1.07	-16.16%	-245.04%

Empire Petroleum Corp News

Latest updates

Empire Petroleum Corp Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(*) denotes actual numbers (not divided by Thousands)
Income Statement (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	-5.2%	9,387,241	9,898,354	10,314,968	9,758,478	10,099,704	10,991,173	13,972,986	15,692,398	12,515,818	10,589,882	10,095,662	4,719,430	2,098,543	1,820,390	1,542,237	592,155	3,823,444	917,626	2,188,126	2,497,486	255,851
Operating Expenses	-11.8%	13,785,388	15,634,736	11,779,999	12,011,688	12,274,959	12,943,543	12,596,222	9,869,481	8,693,465	10,022,921	7,796,297	6,787,202	2,958,895	15,438,677	3,183,722	3,442,121	3,246,320	3,870,362	2,989,734	4,340,578	809,410
S&GA Expenses	-100.0%	-	5,391,751	2,739,256	3,075,010	3,972,918	3,743,598	2,850,059	3,282,452	2,455,380	2,421,556	1,914,326	3,220,101	906,048	3,651,748	1,278,667	1,914,406	528,983	508,484	469,792	2,044,022	612,589
EBITDA Margin	-8.8%	-0.26	-0.24	-0.17	-0.09	0.07	0.18	-0.31	-0.33	-0.43	-0.60	-	-	-	-	-	-	-	-	-	-	-
Interest Expenses	-	-	-	125,562	-	-	-	111,618	57,185	-	-	-	-	-	-	-	123,219	-132,869	-324,319	-145,345	162,968	-33,943
Income Taxes	-100.0%	-	2,528	-134,720	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings Before Taxes	17.1%	-3,975,196	-4,794,949	-2,882,348	-2,464,909	-2,459,591	-2,080,620	215,941	5,534,280	3,623,427	-	-	-	-	-	-	-	-	-	-	-	-
EBT Margin	-14.1%	-0.36	-0.31	-0.24	-0.15	0.02	0.14	-0.35	-0.38	-0.49	-0.68	-	-	-	-	-	-	-	-	-	-	-
Net Income	17.1%	-3,975,196	-4,797,477	-2,747,628	-2,464,909	-2,459,591	-2,289,518	215,941	5,534,280	3,623,427	-8,619,595	-3,726,225	-5,271,962	-997,180	-13,808,891	-1,641,372	-2,973,185	1,588,015	-3,114,087	-946,953	-2,006,060	-587,502
Net Income Margin	-14.2%	-0.36	-0.31	-0.24	-0.16	0.02	0.13	0.01	-0.07	-0.37	-0.68	-1.14	-1.51	-2.48	-	-	-	-	-	-	-	-
Free Cashflow	199.4%	3,907,689	-3,930,269	1,838,220	-3,107,095	-5,255,893	2,959,438	3,673,899	-	-	-	-	-	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	8.1%	100	93.00	76.00	63.00	65.00	72.00	66.00	64.00	53.00	50.00	47.00	43.00	17.00	11.00	23.00	23.00	13.00	11.00	12.00	12.00	11.00
Current Assets	-26.2%	14.00	19.00	20.00	12.00	17.00	23.00	24.00	23.00	15.00	13.00	12.00	6.00	6.00	2.00	2.00	3.00	3.00	2.00	3.00	2.00	1.00
Cash Equivalents	-55.2%	3.00	8.00	11.00	1.00	7.00	12.00	16.00	12.00	5.00	4.00	3.00	1.00	4.00	0.00	0.00	0.00	1.00	-	0.00	-	0.00
Inventory	25.4%	2.00	1.00	2.00	2.00	2.00	2.00	2.00	1.00	-	1.00	-	-	1.00	1.00	1.00	1.00	0.00	0.00	0.00	0.00	0.00
Net PPE	16.5%	84.00	72.00	54.00	50.00	47.00	45.00	36.00	34.00	31.00	31.00	30.00	30.00	8.00	8.00	20.00	20.00	9.00	9.00	9.00	1.00	-
Liabilities	18.6%	68.00	58.00	57.00	45.00	45.00	48.00	42.00	41.00	39.00	40.00	43.00	49.00	30.00	30.00	30.00	29.00	16.00	16.00	14.00	13.00	11.00
Current Liabilities	8.0%	27.00	25.00	19.00	13.00	15.00	18.00	13.00	12.00	11.00	12.00	10.00	20.00	13.00	6.00	13.00	12.00	10.00	2.00	2.00	2.00	8.00
Long Term Debt	1467.6%	9.00	1.00	0.00	3.00	-	1.00	-	-	-	-	-	-	-	-	-	-	-	8.00	-	-	-
LT Debt, Current	1000.0%	0.00	0.00	5.00	2.00	-	2.00	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Shareholder's Equity	-9.3%	32.00	35.00	19.00	18.00	20.00	23.00	24.00	23.00	14.00	10.00	4.00	-	-	-	-	-	-	-	-	-	-
Retained Earnings	-6.2%	-68.59	-64.62	-59.82	-57.07	-54.61	-52.15	-49.86	-50.08	-55.61	-59.23	-50.61	-46.89	-41.62	-40.62	-26.81	-25.17	-22.19	-23.78	-20.67	-19.72	-17.72
Additional Paid-In Capital	0.7%	100	99.00	79.00	75.00	74.00	75.00	74.00	73.00	69.00	69.00	54.00	41.00	29.00	22.00	20.00	19.00	19.00	19.00	19.00	19.00	17.00
Shares Outstanding	0.5%	26.00	26.00	22.00	22.00	22.00	22.00	22.00	20.00	20.00	20.00	13.00	12.00	8.00	6.00	5.00	5.00	-	-	-	-	-
Float	-	-	-	-	113	-	136	-	-	-	79.00	-	-	-	-	10.00	-	-	-	3.00	-	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	199.4%	3,908	-3,930	2,027	-2,917	-5,066	3,149	3,863	7,983	3,061	2,540	3,142	-1,885	-626	247	-825	-465	-679	408	-1,055	168	-113
Share Based Compensation	-	-	-	159	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cashflow From Investing	-84.9%	-17,097	-9,248	-4,143	-1,831	455	-6,622	-509	-3,325	-956	-2,008	345	-21,091	-1,961	52.00	149	-	654	-126	-326	-533	-5,187
Cashflow From Financing	-10.5%	8,888	9,936	11,856	-719	-569	-315	-56.56	2,425	-362	-107	-1,316	20,079	6,345	-276	525	161	615	-300	1,400	335	5,247

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EP Income Statement

2024-03-31

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Revenue:
Oil Sales	$ 9,441,964	$ 8,938,715
Gas Sales	377,130	656,035
NGL Sales	416,211	504,954
Total Product Revenues	10,235,305	10,099,704
Other	10,086	19,364
Loss on Derivatives	(858,150)	(66,823)
Total Revenue	9,387,241	10,052,245
Costs and Expenses:
Lease Operating Expense	7,387,423	6,520,163
Production and Ad Valorem Taxes	833,447	758,114
Depletion, Depreciation & Amortization	1,490,130	622,489
Accretion of Asset Retirement Obligation	485,349	401,275
General and Administrative Expense:
General and Administrative Expense	2,879,037	3,023,279
Stock-Based Compensation	710,002	949,639
Total General and Administrative Expense	3,589,039	3,972,918
Total Costs and Expenses	13,785,388	12,274,959
Operating Income (Loss)	(4,398,147)	(2,222,714)
Other Income and (Expense):
Interest Expense	(315,049)	(237,299)
Other Income (Expense) (Note 8)	738,000	422
Income (Loss) Before Income Taxes	(3,975,196)	(2,459,591)
Income Tax (Provision) Benefit
Net Income (Loss)	$ (3,975,196)	$ (2,459,591)
Net Income (Loss) per Common Share:
Basic	$ (0.15)	$ (0.11)
Diluted	$ (0.15)	$ (0.11)
Weighted Average Number of Common Shares Outstanding:
Basic	25,688,427	22,096,796
Diluted	25,688,427	22,096,796

EP Balance Sheet

2024-03-31

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)	Mar. 31, 2024	Dec. 31, 2023
Current Assets:
Cash	$ 3,491,465	$ 7,792,508
Accounts Receivable	7,290,007	8,354,636
Derivative Instruments		406,806
Inventory	1,797,342	1,433,454
Prepaids	1,250,672	757,500
Total Current Assets	13,829,486	18,744,904
Property and Equipment:
Oil and Natural Gas Properties, Successful Efforts	107,020,654	93,509,803
Less: Accumulated Depreciation, Depletion and Impairment	(24,427,923)	(22,996,805)
Total Oil and Gas Properties, Net	82,592,731	70,512,998
Other Property and Equipment, Net	1,729,316	1,883,211
Total Property and Equipment, Net	84,322,047	72,396,209
Other Noncurrent Assets	1,931,161	1,474,503
Total Assets	100,082,694	92,615,616
Current Liabilities:
Accounts Payable	17,194,236	16,437,219
Accrued Expenses	7,436,586	7,075,302
Derivative Instruments	440,644
Current Portion of Lease Liability	430,273	432,822
Current Portion of Note Payable - Related Party (Note 8)	1,060,004	1,060,004
Current Portion of Long-Term Debt	486,483	44,225
Total Current Liabilities	27,048,226	25,049,572
Long-Term Debt	8,533,693	4,596,775
Long-Term Note Payable - Related Party (Note 8)	2,970,000
Long Term Lease Liability	441,748	544,382
Derivative Instruments (Note 8)	1,292,000
Asset Retirement Obligations	28,105,761	27,468,427
Total Liabilities	68,391,428	57,659,156
Stockholders' Equity:
Series A Preferred Stock - $.001 Par Value, 10,000,000 Shares Authorized, 6 and 6 Shares Issued and Outstanding, Respectively
Common Stock - $.001 Par Value, 190,000,000 Shares Authorized, 25,623,674 and 25,503,530 Shares Issued and Outstanding, Respectively	85,145	85,025
Additional Paid-in Capital	100,200,135	99,490,253
Accumulated Deficit	(68,594,014)	(64,618,818)
Total Stockholders' Equity	31,691,266	34,956,460
Total Liabilities and Stockholders' Equity	$ 100,082,694	$ 92,615,616

About Empire Petroleum Corp

Empire Petroleum Corporation engages in the 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.

CEO	Mr. Michael R. Morrisett
WEBSITE	https://empirepetroleumcorp.com
INDUSTRY	Oil - E&P
EMPLOYEES	40

Empire Petroleum Corp Frequently Asked Questions

What is the ticker symbol for Empire Petroleum Corp? What does EP stand for in stocks?

EP is the stock ticker symbol of Empire Petroleum Corp. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Empire Petroleum Corp (EP)?

As of Fri May 17 2024, market cap of Empire Petroleum Corp is 193.53 Million. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of EP stock?

You can check EP's fair value in chart for subscribers.

What is the fair value of EP stock?

You can check EP's fair value in chart for subscribers. The fair value of Empire Petroleum Corp is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Empire Petroleum Corp is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for EP so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Empire Petroleum Corp a good stock to buy?

The fair value guage provides a quick view whether EP is over valued or under valued. Whether Empire Petroleum Corp is cheap or expensive depends on the assumptions which impact Empire Petroleum Corp's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for EP.

What is Empire Petroleum Corp's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Fri May 17 2024, EP's PE ratio (Price to Earnings) is -13.84 and Price to Sales (PS) ratio is 4.92. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. EP PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Empire Petroleum Corp's stock?

In the past 10 years, Empire Petroleum Corp has provided 0.163 (multiply by 100 for percentage) rate of return.