The stock of Empire Petroleum Corporation (EP) has gone up by 31.09% for the week, with a 16.67% rise in the past month and a 15.32% rise in the past quarter. The volatility ratio for the week is 10.63%, and the volatility levels for the past 30 days are 9.70% for EP.. The simple moving average for the past 20 days is 30.67% for EP’s stock, with a -7.90% simple moving average for the past 200 days.
Is It Worth Investing in Empire Petroleum Corporation (AMEX: EP) Right Now?
Company’s 36-month beta value is 1.16.Analysts have differing opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for EP is 20.66M, and currently, short sellers hold a 3.92% ratio of that floaft. The average trading volume of EP on May 09, 2024 was 60.79K shares.
EP) stock’s latest price update
Empire Petroleum Corporation (AMEX: EP) has experienced a rise in its stock price by 10.94 compared to its previous closing price of 6.31. However, the company has seen a gain of 31.09% in its stock price over the last five trading days. Seeking Alpha reported 2023-04-01 that Twenty-one micro-cap energy producers were evaluated using a quality matrix with factors including Price/Sales, YOY Revenue Growth, Net Income Margin, Free Cash Flow Margin, and Total Debt/Market Cap. I would advise only those investors with a high risk tolerance to consider micro-cap energy producers.
EP Trading at 28.00% from the 50-Day Moving Average
After a stumble in the market that brought EP to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -40.93% of loss for the given period.
Volatility was left at 9.70%, however, over the last 30 days, the volatility rate increased by 10.63%, as shares surge +23.46% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +19.66% upper at present.
During the last 5 trading sessions, EP rose by +31.09%, which changed the moving average for the period of 200-days by -22.99% in comparison to the 20-day moving average, which settled at $5.42. In addition, Empire Petroleum Corporation saw -36.31% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at EP starting from Marchive Benjamin J. II, who purchase 2,000 shares at the price of $10.98 back on Dec 29 ’23. After this action, Marchive Benjamin J. II now owns 49,000 shares of Empire Petroleum Corporation, valued at $21,951 using the latest closing price.
Energy Evolution Master Fund,, the 10% Owner of Empire Petroleum Corporation, purchase 1,256,832 shares at $8.00 during a trade that took place back on Nov 29 ’23, which means that Energy Evolution Master Fund, is holding 6,790,469 shares at $10,054,656 based on the most recent closing price.
Stock Fundamentals for EP
Current profitability levels for the company are sitting at:
- -0.32 for the present operating margin
- 0.12 for the gross margin
The net margin for Empire Petroleum Corporation stands at -0.32. The total capital return value is set at -0.19. Equity return is now at value -42.86, with -15.19 for asset returns.
Based on Empire Petroleum Corporation (EP), the company’s capital structure generated 0.15 points at debt to capital in total, while cash flow to debt ratio is standing at -1.61. The debt to equity ratio resting at 0.18. The interest coverage ratio of the stock is -12.81.
Currently, EBITDA for the company is -6.28 million with net debt to EBITDA at 0.15. When we switch over and look at the enterprise to sales, we see a ratio of 5.16. The receivables turnover for the company is 4.8for trailing twelve months and the total asset turnover is 0.43. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.75.
Conclusion
In a nutshell, Empire Petroleum Corporation (EP) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
