Empire Petroleum ( (EP) ) has shared an update.
On August 19, 2025, Empire Petroleum Corporation announced the extension of the expiration date for its $5.0 million rights offering, which includes $2.5 million from the exercise of warrants. This extension, now set to expire on August 20, 2025, allows stockholders more time to finalize documentation and finances. The rights offering is part of Empire’s strategy to raise capital, and significant shareholder Phil E. Mulacek has expressed his intent to fully participate, indicating confidence in the company’s direction. This move could potentially strengthen Empire’s financial position and enhance its market operations.
The most recent analyst rating on (EP) stock is a Hold with a $5.00 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, which weigh heavily on its valuation. While technical indicators show mixed signals, recent positive corporate events provide some optimism for future operational improvements. The company’s strategic initiatives and favorable legal outcomes could support a turnaround, but financial instability remains a critical concern.
To see Spark’s full report on EP stock, click here.
More about Empire Petroleum
Empire Petroleum Corporation is a publicly traded oil and gas company based in Tulsa, with current producing assets in New Mexico, North Dakota, Montana, Texas, and Louisiana. The company focuses on organic growth and targeted acquisitions of proved developed assets that synergize with its existing portfolio of wells.
Average Trading Volume: 26,419
Technical Sentiment Signal: Strong Sell
Current Market Cap: $171.1M
For an in-depth examination of EP stock, go to TipRanks’ Overview page.