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The latest announcement is out from Empire Petroleum ( (EP) ).
On September 24, 2025, Empire Petroleum Corporation issued a $4,000,000 promissory note to Phil E. Mulacek, with $2,000,000 already advanced. The funds will support the company’s ongoing oil and gas drilling program and working capital. The note matures on September 23, 2027, with interest accruing at 5.5% per annum, and includes options for conversion into common stock and prepayment without penalty.
The most recent analyst rating on (EP) stock is a Hold with a $4.50 price target. To see the full list of analyst forecasts on Empire Petroleum stock, see the EP Stock Forecast page.
Spark’s Take on EP Stock
According to Spark, TipRanks’ AI Analyst, EP is a Neutral.
Empire Petroleum’s overall stock score reflects significant financial challenges, particularly in profitability and cash flow. While recent corporate events are positive and may support future growth, the company’s current financial instability and weak technical indicators weigh heavily on its score. Improvement in financial performance and profitability is crucial for a more favorable outlook.
To see Spark’s full report on EP stock, click here.
More about Empire Petroleum
Empire Petroleum Corporation operates in the oil and gas industry, focusing on drilling programs and related activities.
Average Trading Volume: 32,883
Technical Sentiment Signal: Strong Sell
Current Market Cap: $157.7M
See more insights into EP stock on TipRanks’ Stock Analysis page.