Empire Petroleum Corp Reports Q2 2024 Earnings EPS of -0.15, Revenue of 12.8 Million
| EP Stock | USD 5.72 0.03 0.52% |
Slightly above 50% of Empire Petroleum's retail investors are presently thinking to get in. The current sentiment of investing in Empire Petroleum Corp suggests that some traders are interested. Empire Petroleum's investing sentiment overview a quick insight into current market opportunities from investing in Empire Petroleum Corp. Many technical investors use Empire Petroleum Corp stock news signals to limit their universe of possible portfolio assets and to time the market correctly.
Empire |
Net equivalent sales 2,638 Boed, a 20 percent increase from Q1-2024 and a 24 percent increase from Q2-2023.Product revenue 12.8 million, up 25 percent from Q1-2024 and 31 percent from
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Empire Petroleum Fundamental Analysis
We analyze Empire Petroleum's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Empire Petroleum using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Empire Petroleum based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Price To Earning
Price To Earning Comparative Analysis
Empire Petroleum is currently under evaluation in price to earning category among its peers. Price to Earnings ratio is typically used for current valuation of a company and is one of the most popular ratios that investors monitor daily. Holding a low PE stock is less risky because when a company's profitability falls, it is likely that earnings will also go down as well. In other words, if you start from a lower position, your downside risk is limited. There are also some investors who believe that low Price to Earnings ratio reflects the low pricing because a given company is in trouble. On the other hand, a higher PE ratio means that investors are paying more for each unit of profit.
Empire Petroleum Corp Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Empire Petroleum stock to make a market-neutral strategy. Peer analysis of Empire Petroleum could also be used in its relative valuation, which is a method of valuing Empire Petroleum by comparing valuation metrics with similar companies.
Peers
Empire Petroleum Related Equities
| PVL | Permianville Royalty | 1.29 | ||||
| MXC | Mexco Energy | 1.00 | ||||
| CRC | California Resources | 0.88 | ||||
| CRT | Cross Timbers | 0.65 | ||||
| PNRG | PrimeEnergy | 0.34 | ||||
| SBR | Sabine Royalty | 0.05 | ||||
| PHX | PHX Minerals | 0.52 | ||||
| NRT | North European | 1.45 | ||||
| EPM | Evolution Petroleum | 2.05 | ||||
| GRNT | Granite Ridge | 2.25 | ||||
| EPSN | Epsilon Energy | 2.70 | ||||
| CRGY | Crescent Energy | 2.81 | ||||
| VOC | VOC Energy | 3.18 | ||||
| GPRK | GeoPark | 4.11 |
Additional Tools for Empire Stock Analysis
When running Empire Petroleum's price analysis, check to measure Empire Petroleum's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Empire Petroleum is operating at the current time. Most of Empire Petroleum's value examination focuses on studying past and present price action to predict the probability of Empire Petroleum's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Empire Petroleum's price. Additionally, you may evaluate how the addition of Empire Petroleum to your portfolios can decrease your overall portfolio volatility.