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Empire Petroleum Corp

Empire Petroleum Corp

EP
$2.50USD↑+3.73%+0.09 today

MARKET CAP

104.0M

P/E (TTM)

—

FWD P/E

—

DAY RANGE

$2 – $3

52W RANGE

$2
$5

AI Summary

Stalk
TrimMedium

The chart remains in a Stage 4 decline with persistent lower highs and lower lows under declining EMAs, anchoring a bearish medium-term bias. Short-term structure is sideways with price pulling back into the 9/20 EMA region, offering no immediate bearish entry signal, so execution is best deferred. Timing for defensive sell-side engagement will focus on minor rallies toward the EMAs.

  • ↑Q2 revenue $29.5M, +26% QoQ on higher production and pricing
  • ↑Targets 500 bpd by year-end and aims to double output to 4,000 bpd
  • ↓Negative earnings yield and weak profitability raise valuation concerns
Full analysis →

The case for & against

Bull & Bear analysis

Bearish

Empire Petroleum Corporation (NYSE American: EPM) is an independent oil and natural gas company focused on acquiring and developing producing properties in North America. The company primarily operates in key oil and gas basins, including North Dakota, New Mexico, Texas, and Louisiana, and has shifted its strategy towards organic growth and operational efficiency since a leadership transition in 2018. Empire has positioned itself to compete effectively in the evolving energy sector with a focus on optimizing production and capital investments, aiming to capitalize on favorable market conditions and increasing production capabilities.

Bull says

  • ↑Q2 revenue $29.5M, +26% QoQ on higher production and pricing
  • ↑Targets 500 bpd by year-end and aims to double output to 4,000 bpd
  • ↑Plans $20–30M capex for organic growth including Starbuck field expansion
  • ↑Cash position up 27% QoQ to $15.7M, supporting liquidity and operations
  • ↑Strong analyst revisions momentum and qualitative scores suggest improving outlook
  • ↑Contrarian opportunity as institutional ownership remains low

Bear says

  • ↓Negative earnings yield and weak profitability raise valuation concerns
  • ↓Dependence on ~$109/bbl pricing exposes revenue to commodity swings
  • ↓Ambitious 4,000 bpd production goal faces execution and operational hurdles
  • ↓Rising operating costs (up to $8.5M) pressure margins despite manageable $7.8M debt
  • ↓Wide bid-offer spreads hamper acquisition-driven growth opportunities
  • ↓Negative liquidity and short-interest factors reflect market skepticism

Earnings Call · Q2 2022 · Mgmt. Guidance

Updated 08-14-2026bullish

Transcript signals

Bull points

  • revenue from oil, natural gas, and natural gas liquids was $16.5 million for the second quarter compared to $13 million for 2022 Q1, which is up from $4.9 million in the 2021 comparable period.
  • our net income for the quarter was $5.5 million, up from $3.6 million in Q1 2022, recovering significantly from a net loss of $5.3 million a year ago in the same period.
  • The average oil prices received for second quarter production realized $109 per barrel versus $91 per barrel in the first quarter of 2022.
Read full transcript analysis ›