Imperial Petroleum (NASDAQ:IMPP) Releases Quarterly Earnings Results

Imperial Petroleum (NASDAQ:IMPP - Get Free Report) released its quarterly earnings results on Friday. The company reported $0.34 earnings per share (EPS) for the quarter, RTT News reports. The business had revenue of $32.09 million during the quarter. Imperial Petroleum had a return on equity of 17.50% and a net margin of 34.01%.

Imperial Petroleum Price Performance

Shares of IMPP traded up $0.03 during midday trading on Wednesday, hitting $2.87. The stock had a trading volume of 60,986 shares, compared to its average volume of 223,027. The company has a 50 day simple moving average of $2.52 and a two-hundred day simple moving average of $2.79. The firm has a market cap of $85.41 million, a price-to-earnings ratio of 2.00 and a beta of 1.07. Imperial Petroleum has a twelve month low of $2.12 and a twelve month high of $4.55.

About Imperial Petroleum

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.