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S&P 500   4,569.78
DOW   36,204.44
QQQ   386.32
Are penny stocks worth it? Should you invest in penny stocks?
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
Why do tech stocks go down when interest rates rise?
Pure Storage stock fumbles for a rare buying opportunity
All the trading advice you’ve ever received boils down to this (Ad)
Snowflake’s bullish tailwind is turning into a gale-force wind
2 energy drink makers to wake up your portfolio
All the trading advice you’ve ever received boils down to this (Ad)
Doing Your Holiday Shopping? These Stocks Might Make Great Gifts
Bitcoin has surpassed $41,000 for the first time since April 2022. What's behind the price surge?
S&P 500   4,569.78
DOW   36,204.44
QQQ   386.32
Are penny stocks worth it? Should you invest in penny stocks?
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
Why do tech stocks go down when interest rates rise?
Pure Storage stock fumbles for a rare buying opportunity
All the trading advice you’ve ever received boils down to this (Ad)
Snowflake’s bullish tailwind is turning into a gale-force wind
2 energy drink makers to wake up your portfolio
All the trading advice you’ve ever received boils down to this (Ad)
Doing Your Holiday Shopping? These Stocks Might Make Great Gifts
Bitcoin has surpassed $41,000 for the first time since April 2022. What's behind the price surge?
S&P 500   4,569.78
DOW   36,204.44
QQQ   386.32
Are penny stocks worth it? Should you invest in penny stocks?
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
Why do tech stocks go down when interest rates rise?
Pure Storage stock fumbles for a rare buying opportunity
All the trading advice you’ve ever received boils down to this (Ad)
Snowflake’s bullish tailwind is turning into a gale-force wind
2 energy drink makers to wake up your portfolio
All the trading advice you’ve ever received boils down to this (Ad)
Doing Your Holiday Shopping? These Stocks Might Make Great Gifts
Bitcoin has surpassed $41,000 for the first time since April 2022. What's behind the price surge?

Imperial Petroleum Stock Price, News & Analysis (NASDAQ:IMPP)

$1.72
0.00 (0.00%)
(As of 12/4/2023 ET)
Compare
Today's Range
$1.71
$1.79
50-Day Range
$1.49
$1.92
52-Week Range
$1.18
$5.71
Volume
495,671 shs
Average Volume
735,358 shs
Market Capitalization
$29.39 million
P/E Ratio
0.40
Dividend Yield
N/A
Price Target
N/A

IMPP stock logo

About Imperial Petroleum Stock (NASDAQ:IMPP)

Imperial Petroleum Inc. operates as an international seaborne transportation service to oil producers, refineries, and commodities traders. The company’s fleet consists of high-quality crude/product container ships as well as dry-bulk carriers. The company was incorporated in 2021 and is based in Athens, Greece. Imperial Petroleum Inc IPOd in late 2021 and is one the fastest growing oil transportation services in operation today.

Imperial Petroleum, Inc carries refined petroleum products, such as gasoline, diesel, fuel oil, and jet fuel, as well as edible oils and chemicals; and crude oils. A portion of the company’s business is done on a contract basis but most of the exposure is to the more lucrative spot market. The company was founded with the idea of rapidly growing its fleet to take advantage of market fundamentals. The company was founded by industry experts with a long track record of cost-efficient operation and sound capital management.

As of September 2022, the company owned four medium-range refined petroleum product tankers and one Aframax crude oil tanker with a total capacity of 305,804 deadweight tons. The Suez Max tankers are among the largest vessels that can fit through the Suez Canal and deliver energy products from west to east and vice versus. The Aframax ship is the standard size ship for the transportation of crude and refined products.

The company also had two additional handy-size dry bulk carriers on order slated for delivery in 2023. Ships in operation include Magic Wand, Falcon Maryam, Clean Justice, Clean Thrasher, and Clean Nirvana which are all MR-type vessels. The company also operates the Suez Enchanted and Suez Protopia Suez Max-type vessels and the Stealth Berana Aframax vessel.

The company is led by Harry N. Vafias who has been chairman of the board, CEO, and president since the company's inception in early 2021. Mr. Vafias has over 30 years of experience in the shipping industry and specifically in the energy transportation market. Mr. Vafias has a master's degree in Shipping Trade and Transport.

IMPP Stock Price History

IMPP Stock News Headlines

New CBOE “special perk” helps traders target income every weekend
You might not immediately realize what you’re reading. Let me help you out a little… What you're looking at is a “special perk” set up by the Chicago Board of Options Exchange.
New CBOE “special perk” helps traders target income every weekend
You might not immediately realize what you’re reading. Let me help you out a little… What you're looking at is a “special perk” set up by the Chicago Board of Options Exchange.
Imperial Petroleum Inc. Announces Reverse Stock Split
See More Headlines
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Company Calendar

Last Earnings
10/25/2023
Today
12/05/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
2/21/2024

Industry, Sector and Symbol

Industry
Deep sea foreign transportation of freight
Sub-Industry
N/A
Current Symbol
NASDAQ:IMPP
Employees
74
Year Founded
N/A

Profitability

Net Income
$29.51 million
Pretax Margin
40.90%

Debt

Sales & Book Value

Annual Sales
$97.02 million
Cash Flow
$3.25 per share
Book Value
$21.70 per share

Miscellaneous

Free Float
16,831,000
Market Cap
$29.39 million
Optionable
Not Optionable
Beta
1.03
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IMPP Stock Analysis - Frequently Asked Questions

How have IMPP shares performed in 2023?

Imperial Petroleum's stock was trading at $3.6165 at the beginning of 2023. Since then, IMPP stock has decreased by 52.4% and is now trading at $1.72.
View the best growth stocks for 2023 here
.

Are investors shorting Imperial Petroleum?

Imperial Petroleum saw a increase in short interest during the month of November. As of November 15th, there was short interest totaling 2,390,000 shares, an increase of 13.8% from the October 31st total of 2,100,000 shares. Based on an average daily volume of 745,600 shares, the short-interest ratio is presently 3.2 days. Currently, 31.7% of the company's stock are sold short.
View Imperial Petroleum's Short Interest
.

When is Imperial Petroleum's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 21st 2024.
View our IMPP earnings forecast
.

How were Imperial Petroleum's earnings last quarter?

Imperial Petroleum Inc. (NASDAQ:IMPP) announced its earnings results on Wednesday, October, 25th. The company reported $0.19 earnings per share (EPS) for the quarter. The company had revenue of $29.38 million for the quarter. Imperial Petroleum had a net margin of 40.90% and a trailing twelve-month return on equity of 41.38%.

When did Imperial Petroleum's stock split?

Imperial Petroleum's stock reverse split on the morning of Friday, April 28th 2023. The 1-15 reverse split was announced on Friday, April 28th 2023. The number of shares owned by shareholders was adjusted after the market closes on Friday, April 28th 2023. An investor that had 100 shares of stock prior to the reverse split would have 7 shares after the split.

Who are Imperial Petroleum's major shareholders?

Imperial Petroleum's stock is owned by a number of retail and institutional investors. Top institutional investors include Towerview LLC (2.34%), Acadian Asset Management LLC (1.69%), GSA Capital Partners LLP (0.38%), Simplex Trading LLC (0.00%) and Concourse Financial Group Securities Inc. (0.00%).

How do I buy shares of Imperial Petroleum?

Shares of IMPP stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

This page (NASDAQ:IMPP) was last updated on 12/5/2023 by MarketBeat.com Staff

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