Empire Petroleum Corp (NYSEAMERICAN: EP) stock closed at $6.50 on 6/3/24 after a major decline of -10.2%. However, trading volume in this decline was below average at 81% of normal. The stock has declined -12.0% during the last week and has been extremely weak relative to the market over the last nine months.
Current PriceTarget Research Rating
EP is expected to be a modest Value Eraser reflecting capital returns that are forecasted to be below the cost of capital.
Empire Petroleum has a current Value Trend Rating of F (Lowest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Empire Petroleum has a very low Power Rating of 7 and a very low Appreciation Score of 7, and the Lowest Value Trend Rating results.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of F. This review will be completed in the next several days.
Be the first to comment