Empire Petroleum ( (EP) ) has provided an announcement.
On August 21, 2025, Empire Petroleum announced the successful full subscription of its rights offering, which expired on August 20, 2025. The offering generated approximately $2.5 million in gross proceeds, with the potential for an additional $2.5 million from future warrant exercises. The company’s chairman, Phil E. Mulacek, fully subscribed to his rights and oversubscription privileges, highlighting strong insider confidence. This financial maneuver strengthens Empire’s position in the oil and gas sector, potentially enhancing its growth and acquisition strategies.
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. While technical analysis shows mixed signals, recent corporate events provide a positive outlook. The valuation remains a concern due to negative profitability metrics.
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 producing assets in New Mexico, North Dakota, Montana, Texas, and Louisiana. The company focuses on organic growth and targeted acquisitions of developed assets that complement its existing portfolio of wells.
Average Trading Volume: 25,569
Technical Sentiment Signal: Strong Sell
Current Market Cap: $156.3M
Find detailed analytics on EP stock on TipRanks’ Stock Analysis page.