Empire Petroleum Corp Stock Price on April 29, 2024
| EP Stock | USD 6.97 0.19 2.80% |
Below is the normalized historical share price chart for Empire Petroleum Corp extending back to April 11, 1994. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Empire Petroleum stands at 6.97, as last reported on the 22nd of May, with the highest price reaching 7.19 and the lowest price hitting 6.72 during the day.
If you're considering investing in Empire Stock, it is important to understand the factors that can impact its price. Empire Petroleum appears to be moderately volatile, given 3 months investment horizon. Empire Petroleum Corp secures Sharpe Ratio (or Efficiency) of 0.0779, which denotes the company had a 0.0779% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Empire Petroleum Corp, which you can use to evaluate the volatility of the firm. Please utilize Empire Petroleum's Downside Deviation of 4.31, mean deviation of 3.48, and Coefficient Of Variation of 1915.43 to check if our risk estimates are consistent with your expectations.
At this time, Empire Petroleum's Common Stock Shares Outstanding is relatively stable compared to the past year. As of 05/22/2024, Liabilities And Stockholders Equity is likely to grow to about 97.2 M, while Total Stockholder Equity is likely to drop slightly above 18.7 M. . At this time, Empire Petroleum's Price Book Value Ratio is relatively stable compared to the past year. As of 05/22/2024, Price Earnings To Growth Ratio is likely to grow to 0.08, though Price To Operating Cash Flows Ratio is likely to grow to (23.99). Empire Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 23rd of February 2011 | 200 Day MA 7.48 | 50 Day MA 5.6668 | Beta 1.28 |
Empire |
Sharpe Ratio = 0.0779
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | EP | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 4.17 actual daily | 36 64% of assets are more volatile |
Expected Return
| 0.33 actual daily | 6 94% of assets have higher returns |
Risk-Adjusted Return
| 0.08 actual daily | 6 94% of assets perform better |
Based on monthly moving average Empire Petroleum is performing at about 6% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Empire Petroleum by adding it to a well-diversified portfolio.
Price Book 3.9949 | Enterprise Value Ebitda (17.14) | Price Sales 3.4789 | Shares Float 22.5 M | Earnings Share (0.59) |
Related Headline
Granite Ridge Headline on 29th of April 2024
Granite Ridge Resources Coverage Initiated by Analysts at Ev... by news.google.com
Granite Ridge Resources Coverage Initiated by Analysts at Evercore ISI MarketBeat
Empire Petroleum Valuation on April 29, 2024
It is possible to determine the worth of Empire Petroleum on a given historical date. On April 29, 2024 Empire was worth 4.96 at the beginning of the trading date compared to the closed value of 5.03. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Empire Petroleum stock. Still, in general, we apply an absolute valuation method to find Empire Petroleum's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Empire Petroleum where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Empire Petroleum's related companies.
| Open | High | Low | Close | Volume | |
| 4.68 | 5.05 | 4.67 | 4.96 | 68,721 | |
04/29/2024 | 4.96 | 5.20 | 4.96 | 5.03 | 58,234 |
| 5.05 | 5.70 | 5.04 | 5.18 | 103,011 |
| Backtest Empire Petroleum | | | Empire Petroleum History | | | Empire Petroleum Valuation | Previous | Next |
Empire Petroleum Trading Date Momentum on April 29, 2024
| On April 30 2024 Empire Petroleum Corp was traded for 5.18 at the closing time. The highest price during the trading period was 5.70 and the lowest recorded bid was listed for 5.04 . The volume for the day was 103 K. This history from April 30, 2024 contributed to the next trading day price gain. The overall trading delta to the next closing price was 2.98% . The overall trading delta to the current price is 38.57% . |
Empire Petroleum Corp Fundamentals Correlations and Trends
By evaluating Empire Petroleum's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Empire Petroleum's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Empire financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Empire Petroleum Stock history
Empire Petroleum investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Empire is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Empire Petroleum Corp will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Empire Petroleum stock prices may prove useful in developing a viable investing in Empire Petroleum
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 22.7 M | 23.9 M | |
| Net Income Applicable To Common Shares | 6.4 M | 6.7 M |
Empire Petroleum Stock Technical Analysis
Empire Petroleum technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Empire Petroleum Period Price Range
Low | April 29, 2024
| High |
4.96 | 5.03 |
Empire Petroleum May 22, 2024 Market Strength
Market strength indicators help investors to evaluate how Empire Petroleum stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Empire Petroleum shares will generate the highest return on investment. By undertsting and applying Empire Petroleum stock market strength indicators, traders can identify Empire Petroleum Corp entry and exit signals to maximize returns
Empire Petroleum Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Empire Petroleum's price direction in advance. Along with the technical and fundamental analysis of Empire Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Empire to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0386 | |||
| Jensen Alpha | 0.0486 | |||
| Total Risk Alpha | (0.31) | |||
| Sortino Ratio | 0.0329 | |||
| Treynor Ratio | 0.0913 |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Empire Petroleum Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in american community survey. You can also try the Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.
Complementary 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.
| Correlation Analysis Reduce portfolio risk simply by holding instruments which are not perfectly correlated | |
| My Watchlist Analysis Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like | |
| Performance Analysis Check effects of mean-variance optimization against your current asset allocation | |
| Volatility Analysis Get historical volatility and risk analysis based on latest market data | |
| Theme Ratings Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Transaction History View history of all your transactions and understand their impact on performance | |
| Money Managers Screen money managers from public funds and ETFs managed around the world | |
| Positions Ratings Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Equity Forecasting Use basic forecasting models to generate price predictions and determine price momentum | |
| Portfolio Backtesting Avoid under-diversification and over-optimization by backtesting your portfolios | |
| Piotroski F Score Get Piotroski F Score based on the binary analysis strategy of nine different fundamentals |
Is Empire Petroleum's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Empire Petroleum. If investors know Empire will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Empire Petroleum listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.59) | Revenue Per Share 1.705 | Quarterly Revenue Growth 0.012 | Return On Assets (0.1) | Return On Equity (0.55) |
The market value of Empire Petroleum Corp is measured differently than its book value, which is the value of Empire that is recorded on the company's balance sheet. Investors also form their own opinion of Empire Petroleum's value that differs from its market value or its book value, called intrinsic value, which is Empire Petroleum's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Empire Petroleum's market value can be influenced by many factors that don't directly affect Empire Petroleum's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Empire Petroleum's value and its price as these two are different measures arrived at by different means. Investors typically determine if Empire Petroleum is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Empire Petroleum's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.