| Date | Price Target | Rating | Analyst |
|---|
Revenue from Oil and Gas Sales at $13.1 million and Net Income $3.6 million Recent Acquisitions Add Immediate Accretive Cash Flow & Increased Scale with Minimal Incremental Overhead Empire Petroleum (NYSE:EP) ("Empire" or the "Company"), an oil and gas company with current producing assets in Texas, Louisiana, North Dakota, Montana and New Mexico, today announced the Company's financial results for the first quarter of 2022, ended March 31, 2022. Recent Highlights First Quarter 2022 Financial Results Revenue from oil, natural gas, and natural gas liquids sales was $13.1 million for the first quarter compared to $2.4 million in the 2021 comparable period. Net income for the quarter w
Lewis' Leadership Spans Over 36 Years of Distinguished Military Service Empire Petroleum (NYSE:EP) ("Empire" or the "Company"), an oil and gas company with current producing assets in Texas, Louisiana, North Dakota, Montana and New Mexico, announced today the appointment of Vice Admiral Andrew Lewis as Board Member, effective immediately. Vice Admiral Lewis replaces Anthony Kamin, who has served Empire as a Director since December 2016 and recently as Co-Chairman of the Board. Vice Admiral Andrew Lewis was raised in Los Altos, California, and is a 1985 graduate of the U.S. Naval Academy. He was designated a Naval Aviator in April 1987 and has flown over 100 combat missions, accumulating o
Seasoned business leader brings operational and DEI expertise to fuel next phase of corporate growth PROS Holdings, Inc. (NYSE:PRO), a provider of AI-powered solutions that optimize selling in the digital economy, today announced the appointment of Leland T. "Lee" Jourdan to its board of directors effective June 1, 2021. Jourdan joins the board as an independent director. Jourdan is a seasoned business development and diversity, equity and inclusion (DEI) leader within the Oil & Gas industry. Recently retired from Chevron (NYSE:CVX), he spent the past 18 years in senior management roles including Chief Diversity and Inclusion Officer, Senior Management Sponsor, and Vice President, Commerc
SC 13D/A - EMPIRE PETROLEUM CORP (0000887396) (Subject)
SC 13D/A - EMPIRE PETROLEUM CORP (0000887396) (Subject)
SC 13D/A - EMPIRE PETROLEUM CORP (0000887396) (Subject)
SC 13D/A - EMPIRE PETROLEUM CORP (0000887396) (Subject)
SC 13D/A - EMPIRE PETROLEUM CORP (0000887396) (Subject)
8-K - EMPIRE PETROLEUM CORP (0000887396) (Filer)
10-Q - EMPIRE PETROLEUM CORP (0000887396) (Filer)
8-K - EMPIRE PETROLEUM CORP (0000887396) (Filer)
424B5 - EMPIRE PETROLEUM CORP (0000887396) (Filer)
8-K - EMPIRE PETROLEUM CORP (0000887396) (Filer)
424B5 - EMPIRE PETROLEUM CORP (0000887396) (Filer)
S-8 - EMPIRE PETROLEUM CORP (0000887396) (Filer)
8-K - EMPIRE PETROLEUM CORP (0000887396) (Filer)
8-K - EMPIRE PETROLEUM CORP (0000887396) (Filer)
10-Q - EMPIRE PETROLEUM CORP (0000887396) (Filer)
Empire Petroleum (NYSE:EP) ("Empire" or the "Company"), an oil and gas company with producing assets in New Mexico, North Dakota, Montana, Texas, and Louisiana, today reported 2024 third quarter results and progress on its North Dakota development program. THIRD QUARTER 2024 HIGHLIGHTS Delivered Q3-2024 net production volumes of 2,460 barrels of oil equivalent per day ("Boe/d") including 1,573 barrels of oil per day ("Bbl/d") Boe/d is comprised of 64% oil, 17% natural gas liquids ("NGLs"), and 19% natural gas; Completed the first stage of Enhanced Oil Recovery ("EOR") activities for Empire's Starbuck Drilling Program ("Starbuck") in North Dakota, successfully converting three w
Empire Petroleum Corporation (NYSE:EP) ("Empire" or the "Company"), an oil and gas company with current producing assets in New Mexico, North Dakota, Montana, Texas, and Louisiana, announced today that its previously announced rights offering (the "Rights Offering") was fully subscribed. The subscription period for the Rights Offering expired at 5:00 p.m., New York City time, on October 24, 2024. The Company received subscriptions for more than 100% of the shares available in the Rights Offering. Accordingly, stockholders will receive their basic subscription rights. However, since there are not enough shares to satisfy all oversubscriptions, remaining shares will be allocated pro-rata, af
Empire Petroleum Corporation (NYSE:EP) ("Empire" or the "Company"), an oil and gas company with current producing assets in New Mexico, North Dakota, Montana, Texas, and Louisiana, announced today that it has extended the expiration date of its previously announced subscription rights offering ("Rights Offering") pursuant to which it intends to raise gross proceeds of up to approximately $10.0 million. The Company has extended the Expiration Date in order to allow its stockholders to have more time to consider their participation and arrange finances for the Rights Offering. A contributing factor is requests by Company stockholders as a result of the recent disruption caused by Hurricane Mi
Empire Petroleum Corporation (NYSE:EP) ("Empire" or the "Company"), an oil and gas company with current producing assets in New Mexico, North Dakota, Montana, Texas, and Louisiana, announced today that it has commenced its previously announced subscription rights offering ("Rights Offering") pursuant to which it intends to raise gross proceeds of up to approximately $10.0 million. The Company is distributing at no charge to holders of its common stock, par value $0.001 per share ("Common Stock"), as of the close of business on September 30, 2024 (the record date for the Rights Offering), one subscription right for each share of Common Stock held. Each subscription right entitles the holder
Empire Petroleum Corporation (NYSE:EP) ("Empire" or the "Company"), an oil and gas company with current producing assets in New Mexico, North Dakota, Montana, Texas, and Louisiana, announced today that its Board of Directors has fixed the close of business on September 30, 2024 as the record date (the "Record Date") for a subscription rights offering ("Rights Offering") pursuant to which it intends to raise gross proceeds of up to approximately $10 million. The Company will distribute at no charge to holders of its common stock, par value $0.001 per share ("Common Stock"), as of the close of business on the Record Date one subscription right for each share of Common Stock held. Each subscri
Newman Ferrara LLP announced today that the firm is conducting an investigation on behalf of shareholders of Empire Petroleum Corporation ("Empire" or the "Company") (NYSE:EP) into potential breaches of fiduciary duty by the Company's Board of Directors (the "Board"). Empire, headquartered in Tulsa, OK, is a conventional oil and natural gas producer with a main focus in the US onshore. Newman Ferrara's investigation focuses on decisions made by the Board, without shareholder approval, the result of which significantly diminish shareholder value and do not benefit the Company. Considering the Company's lackluster performance, it is clear that the Board lacks the ability to fairly assess an
Empire Petroleum (NYSE:EP) ("Empire" or the "Company"), an oil and gas company with producing assets in New Mexico, North Dakota, Montana, Texas, and Louisiana, today reported 2024 second quarter results and progress on its North Dakota development drilling program. SECOND QUARTER 2024 HIGHLIGHTS Q2-2024 net production volumes rose 20% sequentially and 24% year-over-year to 2,638 barrels of oil equivalent per day ("Boe/d"); Average daily oil sales volumes grew by 23% sequentially and 25% year-over-year with largest increase from North Dakota operations 67% oil, 16% natural gas liquids ("NGLs"), and 17% natural gas; Completion of the first stage of the North Dakota horizontal
Empire Petroleum (NYSE:EP) ("Empire" or the "Company"), an oil and gas company with producing assets in New Mexico, North Dakota, Montana, Texas, and Louisiana, today provided an update on its North Dakota development drilling program and reported results for the first quarter of 2024. FIRST QUARTER 2024 HIGHLIGHTS Reported Q1-24 net sales volumes of 2,207 barrels of oil equivalent per day ("Boe/d"); 65% oil, 17% natural gas liquids ("NGLs"), and 18% natural gas Average daily oil sales volumes grew by 11% sequentially and 8% year-over-year Commenced $20.66M Rights Offering at $5.00 per share to fund current drilling, 3-D seismic imaging, other strategic initiatives, and ope
Empire Petroleum Corporation (NYSE:EP) ("Empire" or the "Company"), an oil and gas company with current producing assets in New Mexico, North Dakota, Montana, Texas, and Louisiana, announced today its previously announced rights offering (the "Rights Offering") was fully subscribed. The subscription period for the Rights Offering expired at 5:00 p.m., New York City time, on April 10, 2024. The Company received subscriptions for more than 100% of the shares available in the Rights Offering. Accordingly, stockholders will receive their basic subscription privilege but, because there are not enough shares to satisfy all oversubscriptions, remaining shares will be allocated pro-rata, after el
~ Starbuck Drilling Program in North Dakota Continuing to Provide Encouraging Results ~ Empire Petroleum (NYSE:EP) ("Empire" or the "Company"), an oil and gas company with producing assets in New Mexico, North Dakota, Montana, Texas, and Louisiana today announced operational and financial results for the fourth quarter and full year of 2023, including year-end 2023 proved reserves. KEY Q4 AND FULL YEAR HIGHLIGHTS Produced fourth quarter 2023 net sales volumes of 2,011 barrels of oil equivalent per day ("Boe/d") (64% oil, 16% natural gas liquids ("NGLs") and 20% natural gas; Full year 2023 production was 2,099 Boe/d (64% oil, 18% NGLs, and 18% natural gas); Posted a net loss $
Empire Petroleum (AMEX:EP) reported quarterly losses of $(0.15) per share. This is a 87.5 percent decrease over losses of $(0.08) per share from the same period last year. The company reported $9.39 million in sales this quarter. This is a 6.61 percent decrease over sales of $10.05 million the same period last year.
Empire Petroleum (AMEX:EP) reported quarterly losses of $(0.24) per share. This is a 300 percent decrease over losses of $(0.06) per share from the same period last year. The company reported $11.17 million in sales this quarter. This is a 4.10 percent increase over sales of $10.73 million the same period last year.
The most oversold stocks in the energy sector presents an opportunity to buy into undervalued companies. The RSI is a momentum indicator, which compares a stock's strength on days when prices go up to its strength on days when prices go down. When compared to a stock's price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the RSI is below 30, according to Benzinga Pro. Here’s the latest list of major oversold players in this sector, having an RSI near or below 30. Vertex Energy, Inc. (NASDAQ:VTNR) On Jan. 2, Vertex Energy announced it amended its existing term loan agreement, which provides for a
Although U.S. stocks closed mostly lower on the first trading day of 2024, there were a few notable insider trades. When insiders purchase shares, it indicates their confidence in the company's prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. Insider purchases should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a buying decision. Below is a look at a few recent notable insider purchases. For more, check out Benzinga's insider transactions platform. Empire Petroleum The Trade: Empire Petroleum Corporation (NYSE:EP) Director Benjamin J. Marchive I
When insiders purchase shares, it indicates their confidence in the company's prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. Insider purchases should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a buying decision. Below is a look at a few recent notable insider purchases. For more, check out Benzinga's insider transactions platform. Empire Petroleum The Trade: Empire Petroleum Corporation (NYSE:EP) 10% owner Energy Evolution Master Fund Ltd acquired a total of 1,256,832 shares an average price of $8.00. To acquire these shares, it cost around
Empire Petroleum (AMEX:EP) reported quarterly adjusted losses of $(0.08) per share versus earnings of $0.18 per share from the same period last year. The company reported $10.05 million in sales this quarter versus sales of $12.428 million the same period last year.
The most oversold stocks in the energy sector presents an opportunity to buy into undervalued companies. The RSI is a momentum indicator, which compares a stock's strength on days when prices go up to its strength on days when prices go down. When compared to a stock's price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the RSI is below 30. Here’s the latest list of major oversold players in this sector, having an RSI near or below 30. Gran Tierra Energy Inc. (NYSE:GTE) Gran Tierra Energy recently announced contract agreement for the Suroriente Block. The company’s stock has a 52-week low of $6.
Empire Petroleum (NYSE:EP) ("Empire" or the "Company"), today announced that Stephen L. ("Larry") Faulkner has been promoted to Chief Financial Officer for the Company and J. Kevin ("Kevin") Vann has been named to the Company's Board of Directors as an independent director. Both appointments were effective April 28, 2023; both were part of a proven operational team that helped develop the former WPX Energy, Inc. into a multi-billion dollar company before its merger with Devon Energy Corporation in 2021.Mike Morrisett, President and Chief Executive Officer of Empire, commented, "We were pleased to have Larry and Kevin join Empire as a proven management team, and look forward to their positive
4 - EMPIRE PETROLEUM CORP (0000887396) (Issuer)
4 - EMPIRE PETROLEUM CORP (0000887396) (Issuer)
4 - EMPIRE PETROLEUM CORP (0000887396) (Issuer)
4 - EMPIRE PETROLEUM CORP (0000887396) (Issuer)
4 - EMPIRE PETROLEUM CORP (0000887396) (Issuer)
4 - EMPIRE PETROLEUM CORP (0000887396) (Issuer)
4 - EMPIRE PETROLEUM CORP (0000887396) (Issuer)
4 - EMPIRE PETROLEUM CORP (0000887396) (Issuer)
3 - EMPIRE PETROLEUM CORP (0000887396) (Issuer)
4 - EMPIRE PETROLEUM CORP (0000887396) (Issuer)
4 - EMPIRE PETROLEUM CORP (0000887396) (Issuer)
4 - EMPIRE PETROLEUM CORP (0000887396) (Issuer)
4 - EMPIRE PETROLEUM CORP (0000887396) (Issuer)
4/A - EMPIRE PETROLEUM CORP (0000887396) (Issuer)
4 - EMPIRE PETROLEUM CORP (0000887396) (Issuer)
Empire Petroleum (NYSE:EP) ("Empire" or the "Company"), today reported operational and financial results for the third quarter of 2022. KEY THIRD QUARTER 2022 HIGHLIGHTS Increased sales volumes by 3% to 2,232 barrels of oil equivalent per day ("Boe/d") (60% oil, 19% natural gas and 21% natural gas liquids ("NGLs")) from 2,158 Boe/d (62% oil, 18% natural gas and 20% NGLs) for the second quarter of 2022; Recorded revenue of $14.8 million that resulted in net income of $0.2 million, or $0.01 per diluted share, and Adjusted Net Income1 of $3.7 million, or $0.16 per diluted share; Generated Adjusted EBITDA1 of $4.8 million, or $23.36 per barrel of oil equivalent ("Boe"); Increased cash
Empire Petroleum (NYSE:EP) ("Empire" or the "Company"), today announced that it will release its financial and operational results for the third quarter of 2022 after the market closes on Monday, November 14, 2022. An investor conference call to review its results will be held on Tuesday, November 15, 2022, at 12:00 p.m. Eastern (11:00 a.m. Central). The call will be hosted by Tommy Pritchard, the Company's Chief Executive Officer, and Mike Morrisett, Empire's President. Details for the conference call are as follows: Date: Tuesday, November 15, 2022 Time: 12:00 p.m. Eastern (11:00 a.m. Central) Telephone: 1-877-270-2148 (Toll free); 1-412-902-6510 (International); participants should as
Revenue from Oil and Gas Sales of $16.5 million, Net Income Reaches $5.5 million Empire Petroleum (NYSE:EP) ("Empire" or the "Company"), an oil and gas company with current producing assets in Texas, Louisiana, North Dakota, Montana and New Mexico, today announced the Company's financial results for the second quarter of 2022, ended June 30, 2022. Second Quarter 2022 Financial Highlights Revenue from oil, natural gas, and natural gas liquids sales was $16.5 million for the second quarter, triple the $4.9 million revenue reported in the 2021 comparable period. Net income for the quarter was $5.5 million compared to a net loss of $5.3 for the second quarter of 2021, a positive swing of
Conference Call on Tuesday, August 16, 2022 at 11:00am ET / 10:00am CT Empire Petroleum Corporation (NYSE:EP) ("Empire" or the "Company"), an oil and gas company with current producing assets in Texas, Louisiana, North Dakota, Montana and New Mexico, today announced that the Company will hold a quarterly conference call to discuss its second quarter 2022 financial results on Tuesday, August 16, 2022 at 11:00am ET / 10:00am CT. The second quarter 2022 financial results press release will be issued premarket the morning of Tuesday, August 16, 2022. Teleconference Date/Time Tuesday, August 16, 2022 at 11:00am ET / 10:00am CT Teleconference and Webcast Information To participate, please ca