Recent exceptional negative changes in investment behavior have affected Empire Petroleum Corp (NYSEAMERICAN: EP): the stock’s recent price decline challenged its longer term uptrend, its shorter term price trend turned down, and negative upside/downside volume developed.
Recent minimal negative changes in fundamentals have impacted Empire Petroleum Corp (NYSEAMERICAN: EP): significant quarterly earnings deceleration occurred.
In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.
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 C (Low Neutral). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Empire Petroleum has a neutral Appreciation Score of 48 and a slightly negative Power Rating of 39, producing the Low Neutral Value Trend Rating.
Recent Price Action
Empire Petroleum Corp (NYSEAMERICAN: EP) stock closed at $7.35 on 1/12/24 after a decline of -2.6%. However, trading volume in this decline was unusually low at 51% of normal. The stock has been weak relative to the market over the last nine months and has declined -20.0% during the last week.
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