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Friday, September 29, 2023

An Evaluation Of Empire Petroleum Corporation (AMEX: EP) Prospects

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for Empire Petroleum Corporation (EP) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.30, or 3.37%, to $9.21. The Empire Petroleum Corporation has recorded 134,137 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed Empire Petroleum Announces Results for Second Quarter 2023.

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Stocks Info

EP belongs to the Energy sector of the AMEX while operating in the Oil & Gas E&P industry. At the end of the last regular session, the stock closed at $8.91 and fluctuated between $8.91 as its day high and $8.02 as its day low. The current market capitalization of Empire Petroleum Corporation is $181.76M. A total of 0.59 million shares were traded on the day, compared to an average of 27.94K shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, EP has seen 1 BUY and 0 SELL insider trades, representing the acquisition of 500,000 and the disposition of 0 shares. Over the last 12 months, there were 31 BUYs and 0 SELLs from insiders. Insiders purchased 1,233,212 shares during that period but sold 0.

In the most recent transaction, Mulacek Phil E bought 20,377 shares of EP for 8.99 per share on May 31. After the transaction, the Director now owns 2,497,871 company shares. In a previous transaction on May 31, Vann J Kevin bought 3,115 shares at 8.96 per share. EP shares that Director owns now total 3,115.

Among the insiders who bought shares, Matschke Mason H. acquired of 700 shares on May 31 at a per-share price of $9.16. This resulted in the Director holding 393,346 shares of EP after the transaction. In another insider transaction, Mulacek Phil E bought 5,153 shares at $8.83 per share on May 30. Company shares held by the Director now total 2,477,494.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. In terms of 52-week highs and lows, EP has a high of $16.95 and a low of $7.99.

As of this writing, EP has an earnings estimate of $0 per share for the current quarter. EPS was calculated based on a consensus of 0 estimates, with a high estimate of $0 per share and a lower estimate of $0.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. EP’s latest balance sheet shows that the firm has $3.61M in Cash & Short Term Investments as of fiscal 2021. There were $9.44M in debt and $12.05M in liabilities at the time. Its Book Value Per Share was $0.83, while its Total Shareholder’s Equity was $10.83M.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for EP is Buy with a score of 3.78.

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