New insider activity at Empire Petroleum ( (EP) ) has taken place on October 23, 2025.
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Director Phil E Mulacek has made a significant investment in Empire Petroleum by purchasing 12,190 shares of the company’s stock, valued at $44,238.
Recent Updates on EP stock
Empire Petroleum recently issued a $4,000,000 promissory note to support its oil and gas drilling program, with $2,000,000 already advanced. This move is aimed at bolstering the company’s working capital. Despite this positive corporate event, analysts maintain a Hold rating on the stock with a price target of $4.50, citing significant financial challenges, particularly in profitability and cash flow. The company’s financial instability and weak technical indicators contribute to a Neutral rating by AI Analyst Spark, emphasizing the need for improved financial performance for a more favorable outlook.
Spark’s Take on EP Stock
According to Spark, TipRanks’ AI Analyst, EP is a Neutral.
Empire Petroleum’s overall stock score is primarily impacted by its weak financial performance and bearish technical indicators. The company’s negative profitability and cash flow issues are significant concerns, while the technical analysis suggests a continued downward trend. The negative P/E ratio further highlights financial distress, making the stock less attractive to investors.
To see Spark’s full report on EP stock, click here.
More about Empire Petroleum
YTD Price Performance: -48.15%
Average Trading Volume: 34,572
Technical Sentiment Signal: Sell
Current Market Cap: $121.9M