New insider activity at Empire Petroleum ( (EP) ) has taken place on November 7, 2025.
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In a notable transaction involving Empire Petroleum stock, President & CEO Michael R. Morrisett sold 187,084 shares valued at $705,306. Simultaneously, Director Phil E Mulacek acquired the same number of shares, 187,084, for an equivalent amount of $705,306.
Recent Updates on EP stock
Recent developments for Empire Petroleum (EP) include the issuance of a Promissory Note for $4,000,000 to Phil E. Mulacek, with amendments made on November 5, 2025, affecting conversion price and warrant shares. These changes might impact the company’s financial flexibility and shareholder equity. Analysts have rated the stock as a Hold with a price target of $3.00, citing weak financial performance, negative profitability, and cash flow issues as concerns. Technical analysis indicates a downtrend and oversold conditions, with valuation metrics seen as unattractive due to a negative P/E ratio and lack of dividends.
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. Technical analysis further indicates a downtrend with oversold conditions. Valuation metrics are unattractive due to the negative P/E ratio and lack of dividends.
To see Spark’s full report on EP stock, click here.
More about Empire Petroleum
YTD Price Performance: -58.71%
Average Trading Volume: 38,372
Technical Sentiment Signal: Sell
Current Market Cap: $107.4M