Is Empire Petroleum Corp. overvalued or undervalued?

Sep 20 2025 05:43 PM IST
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As of August 14, 2023, Empire Petroleum Corp. is considered overvalued and risky, with poor performance metrics and a year-to-date return of -45.92%, significantly underperforming compared to its industry peers and the S&P 500.
As of 14 August 2023, Empire Petroleum Corp. has moved from a fair to a risky valuation grade. The company is currently considered overvalued, particularly given its negative performance metrics. Key ratios include a Price to Book Value of 2.96, an EV to EBIT of -13.62, and an EV to Sales of 4.36, which highlight its financial struggles compared to peers.

In comparison to its industry, Empire Petroleum Corp. has a significantly lower EV to EBITDA ratio of -40.04 compared to SilverBow Resources, Inc. at 3.93 and Granite Ridge Resources, Inc. at 3.04, both of which are in better valuation positions. The company's stock has underperformed against the S&P 500, with a year-to-date return of -45.92% compared to the index's 12.22%, reinforcing the notion of its overvaluation.
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