Empire Petroleum Corp (NYSEAMERICAN: EP) stock enjoyed a major increase of 10.1% on 12/29/23. The shares closed at $10.99. Moreover, this advance was accompanied by unusually high trading volume at 173% of normal. Relative to the market the stock has been weak over the last nine months but has risen 8.1% 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). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Empire Petroleum has a slightly negative Power Rating of 37 and a poor Appreciation Score of 30, and the Negative Value Trend Rating results.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
Be the first to comment