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EP

Empire Petroleum Corporation

https://empirepetroleumcorp.com

Industry

Oil & Gas Exploration & Production

Empire Petroleum Corporation engages in the exploration and development of oil and gas interests in Louisiana, New Mexico, North Dakota, Montana, 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.

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Empire Petroleum Corporation (NYSE:EP) announced a $10 million rights offering with a record date set for September 30, 2024. Shareholders will receive subscription rights to purchase additional shares at $5.05 each, with the offering expiring on October 16, 2024.

Portfolio Pulse from Benzinga Newsdesk

September 23, 2024 | 7:15 am

Empire Petroleum Chairman Phil Mulacek announced that the company expects further production improvements in North Dakota throughout 2024 and 2025 by integrating insights from seismic surveys and completing EOR infrastructure.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 8:43 pm

Empire Petroleum reported a significant improvement in its Q2 financial results, with adjusted EPS rising to $0.10 from $(0.11) year-over-year and revenue increasing to $12.788 million, up $9.758 million from the previous year.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 8:41 pm

Empire Petroleum (AMEX:EP) reported a significant decline in its Q1 financial performance. The company posted an adjusted EPS of $(0.15), down 87.5% from $(0.08) YoY, and sales of $9.39M, down 6.61% from $10.05M YoY.

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 9:00 pm

Empire Petroleum announced its Q4 2023 net sales volumes were 2,011 barrels of oil equivalent per day, with the full year 2023 production reaching 2,099 Boe/day.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 10:56 am

Empire Petroleum reported a Q4 adjusted EPS of $(0.24), a 300% decrease from $(0.06) YoY, with sales rising 4.10% to $11.17M from $10.73M YoY.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 10:55 am

Empire Petroleum announced its preliminary Q4 results, estimating total production at 185,000 barrels of oil and production revenue of approximately $9.9M.

Portfolio Pulse from Benzinga Newsdesk

February 23, 2024 | 12:48 pm

The article highlights the top 5 oversold energy stocks that may see significant growth in February. These stocks, identified by their low Relative Strength Index (RSI) values, include Vertex Energy, Inc. (VTNR), Cool Company Ltd. (CLCO), Empire Petroleum Corporation (EP), ENGlobal Corporation (ENG), and Hallador Energy Company (HNRG). Each company's recent financial moves, stock performance, and RSI values are discussed, suggesting potential for short-term recovery.

Portfolio Pulse from Avi Kapoor

February 07, 2024 | 12:52 pm

Insider purchases were made in Empire Petroleum, Astrotech, and NB Bancorp, signaling potential confidence in these companies. Empire Petroleum Director Benjamin J. Marchive II bought 2,000 shares at $10.98 each. Astrotech Director Robert McFarland acquired 1,221 shares at $8.19 each. NB Bancorp Director Paul Ayoub purchased 5,000 shares at $14.00 each. These transactions may indicate insider belief in the companies' prospects, despite recent financial results like Empire Petroleum's Q3 net loss and Astrotech's wider Q1 loss.

Portfolio Pulse from Avi Kapoor

January 03, 2024 | 2:28 pm

Insider purchases at Empire Petroleum, Pulse Biosciences, Howard Hughes Holdings, and Westrock Coffee indicate confidence in these companies. Empire Petroleum saw a significant buy from Energy Evolution Master Fund Ltd, while Pulse Biosciences, Howard Hughes Holdings, and Westrock Coffee had purchases by directors. These transactions suggest potential growth or undervaluation, but should not be the sole basis for investment decisions.

Portfolio Pulse from Lisa Levin

December 04, 2023 | 11:42 am

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