Imperial Petroleum Inc. (NASDAQ:IMPP - Get Free Report)'s stock price dropped 3.9% on Monday . The stock traded as low as $2.98 and last traded at $2.98. Approximately 172,150 shares changed hands during mid-day trading, a decline of 25% from the average daily volume of 230,470 shares. The stock had previously closed at $3.10.
Imperial Petroleum Trading Up 2.5%
The company has a market capitalization of $96.00 million, a price-to-earnings ratio of 2.62 and a beta of 1.13. The firm's fifty day simple moving average is $2.96 and its two-hundred day simple moving average is $2.79.
Imperial Petroleum (NASDAQ:IMPP - Get Free Report) last posted its earnings results on Friday, May 23rd. The company reported $0.34 earnings per share for the quarter. The company had revenue of $32.09 million for the quarter. Imperial Petroleum had a net margin of 32.37% and a return on equity of 17.55%.
Institutional Investors Weigh In On Imperial Petroleum
A number of institutional investors have recently made changes to their positions in the stock. Deuterium Capital Management LLC lifted its holdings in shares of Imperial Petroleum by 11.5% in the 1st quarter. Deuterium Capital Management LLC now owns 1,553,450 shares of the company's stock worth $3,806,000 after acquiring an additional 159,680 shares during the last quarter. Wexford Capital LP lifted its holdings in Imperial Petroleum by 91.7% during the 4th quarter. Wexford Capital LP now owns 598,473 shares of the company's stock worth $1,801,000 after buying an additional 286,272 shares in the last quarter. Towerview LLC lifted its holdings in Imperial Petroleum by 15.3% during the 1st quarter. Towerview LLC now owns 415,000 shares of the company's stock worth $1,017,000 after buying an additional 55,000 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in Imperial Petroleum by 207.2% during the 4th quarter. Renaissance Technologies LLC now owns 166,500 shares of the company's stock worth $501,000 after buying an additional 112,300 shares in the last quarter. Finally, Marshall Wace LLP acquired a new stake in Imperial Petroleum during the 4th quarter worth approximately $178,000. 94.44% of the stock is currently owned by institutional investors and hedge funds.
About Imperial Petroleum
(
Get Free Report)
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.
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