Mason H. Matschke, Director at EMPIRE PETROLEUM CORP (EP), bought 7,777 shares at $2.54 ($20K) on 2026-05-29, disclosed to the SEC on 2026-06-02.
Director Mason H. Matschke purchased 7,777 shares at $2.54 on May 29, 2026, marking the largest purchase of his career. This significant insider buying could signal confidence in the company's valuation, especially given the stock's recent underperformance.
The stock is currently trading at $3.09, down 9.12% over the last 90 days and 37.58% over the past year. The price sits 11.55% above the 52-week low of $2.77, suggesting the recent dip may have created a value entry point.
Empire Petroleum is set to participate in the Louisiana Oil and Gas Development Program, announced on March 31, 2026. Additionally, a lawsuit alleging accounting fraud regarding orphaned well cleanup costs was filed on April 30, 2026, which could significantly impact the stock's trajectory.
A lawsuit filed on April 30, 2026, alleges that Empire Petroleum understated cleanup liabilities for orphaned wells, potentially exposing the company to significant financial and legal risks.
Nothing distinguishes this filing.
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| EP | BUY | 2022-06-28 | $16K | — | Filing → |