Imperial Petroleum (NASDAQ:IMPP - Get Free Report) was downgraded by equities researchers at Wall Street Zen from a "strong-buy" rating to a "buy" rating in a research note issued on Saturday, Wall Street Zen reports.
Several other research analysts also recently weighed in on the stock. Weiss Ratings restated a "hold (c)" rating on shares of Imperial Petroleum in a research note on Wednesday, August 5th. Maxim Group set a $9.00 price target on shares of Imperial Petroleum and gave the stock a "buy" rating in a research note on Tuesday, May 26th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $9.00.
Get Our Latest Stock Report on IMPP
Imperial Petroleum Stock Up 0.4%
Shares of NASDAQ:IMPP opened at $5.29 on Friday. Imperial Petroleum has a 52-week low of $3.15 and a 52-week high of $6.57. The company has a 50 day moving average of $4.87 and a two-hundred day moving average of $4.75. The company has a market capitalization of $241.33 million, a price-to-earnings ratio of 3.39 and a beta of 1.27.
Institutional Investors Weigh In On Imperial Petroleum
Hedge funds have recently bought and sold shares of the business. Mcguire Capital Advisors Inc. purchased a new stake in Imperial Petroleum during the 4th quarter worth approximately $25,000. Investment Management Associates Inc. ADV purchased a new position in shares of Imperial Petroleum during the 1st quarter valued at approximately $51,000. Cetera Investment Advisers purchased a new position in shares of Imperial Petroleum during the 1st quarter valued at approximately $55,000. Sei Investments Co. acquired a new stake in shares of Imperial Petroleum during the first quarter worth approximately $63,000. Finally, State of Wyoming acquired a new stake in shares of Imperial Petroleum during the first quarter worth approximately $70,000. Institutional investors and hedge funds own 94.44% of the company's stock.
Imperial Petroleum Company Profile
(
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Imperial Petroleum Inc provides international seaborne transportation services to oil producers, refineries, and commodities traders. It carries refined petroleum products, such as gasoline, diesel, fuel oil, and jet fuel, as well as edible oils and chemicals, crude oils, iron ore, coal and grains, and minor bulks, such as bauxite, phosphate, and fertilizers. As of April 1, 2024, the company owned and operated a fleet of six medium range refined petroleum product tankers; one Aframax tanker; two suezmax tankers; and two handysize drybulk carriers with a total capacity of 791,000 deadweight tons.
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