On 8/15/24, Empire Petroleum Corp (NYSEAMERICAN: EP) stock enjoyed a major increase of 13.4%, closing at $5.33. Moreover, trading volume in this advance was unusually high at 154% of normal. Relative to the market the stock has been extremely weak over the last nine months but has risen 25.4% during the last week.
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). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. Empire Petroleum has a very low Appreciation Score of 11 and a very low Power Rating of 9, and the Lowest Value Trend Rating results.
Rating Review
In light of this very positive 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