Empire Petroleum Corp (NYSEAMERICAN: EP) stock suffered a major decline of -11.0% on 11/7/23. The shares closed at $6.82. The stock has been weak relative to the market over the last nine months and has declined -16.3% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, EP is expected to continue to be an important Value Builder.
Empire Petroleum has a current Value Trend Rating of D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Empire Petroleum has a slightly negative Appreciation Score of 38 and a slightly negative Power Rating of 31, leading to the Negative Value Trend Rating.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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