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NASDAQ:IMPP

Imperial Petroleum (IMPP) Stock Forecast, Price & News

$3.58
-0.12 (-3.24%)
(As of 06/5/2023 ET)
Compare
Today's Range
$3.52
▼
$3.94
50-Day Range
$2.14
▼
$3.85
52-Week Range
$2.08
▼
$14.55
Volume
605,462 shs
Average Volume
708,380 shs
Market Capitalization
$46.47 million
P/E Ratio
0.79
Dividend Yield
N/A
Price Target
N/A
ProfileChartCompetitorsEarningsFinancialsInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial Media

IMPP stock logo

About Imperial Petroleum (NASDAQ:IMPP) Stock

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.

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IMPP Stock News Headlines

June 2, 2023 | finance.yahoo.com
Imperial Petroleum Inc. Announces Record Date for Distribution of C3is Inc. Shares for Spin-Off of Two Drybulk Carriers
May 30, 2023 | finance.yahoo.com
Imperial Petroleum (NASDAQ:IMPP) Is Doing The Right Things To Multiply Its Share Price
June 5, 2023 | Behind the Markets (Ad)
66,000% upside on tiny biotech?
The Wall Street Journal reports that this medical breakthrough is "Transforming Medicine." One analyst calculated that it could be worth $1 Trillion, making the upside potential of this small-cap 66,000% above today's price.
May 16, 2023 | finance.yahoo.com
Imperial Petroleum Inc. Regains Compliance with Nasdaq Minimum Bid Price Requirement
May 10, 2023 | americanbankingnews.com
Reviewing Imperial Petroleum (NASDAQ:IMPP) & Teekay (NYSE:TK)
May 8, 2023 | finance.yahoo.com
Imperial Petroleum Inc. Reports Record Net Income of $35.7 Million for the First Quarter of 2023 Financial and Operating Results
May 7, 2023 | americanbankingnews.com
Imperial Petroleum (IMPP) Set to Announce Earnings on Monday
May 3, 2023 | finance.yahoo.com
Imperial Petroleum Inc. Announces the Date for the Release of First Quarter 2023 Financial and Operating Results, Conference Call and Webcast
June 5, 2023 | Behind the Markets (Ad)
66,000% upside on tiny biotech?
The Wall Street Journal reports that this medical breakthrough is "Transforming Medicine." One analyst calculated that it could be worth $1 Trillion, making the upside potential of this small-cap 66,000% above today's price.
May 2, 2023 | americanbankingnews.com
Short Interest in Imperial Petroleum Inc. (NASDAQ:IMPP) Increases By 6.1%
April 26, 2023 | msn.com
Imperial Petroleum sinks after launching 1-for-15 reverse stock split
April 26, 2023 | finance.yahoo.com
Imperial Petroleum Inc. Announces Reverse Stock Split
April 26, 2023 | finance.yahoo.com
Imperial Petroleum Announces the Full Repayment of All Outstanding Loans
April 25, 2023 | americanbankingnews.com
Critical Survey: Diana Shipping (NYSE:DSX) vs. Imperial Petroleum (NASDAQ:IMPP)
April 19, 2023 | finance.yahoo.com
Imperial Petroleum Inc. (NASDAQ:IMPP) Held Back By Insufficient Growth Even After Shares Climb 27%
April 12, 2023 | finance.yahoo.com
Imperial Petroleum Inc. Announces Proposed Spin-Off of Two of Its Drybulk Carriers
April 12, 2023 | americanbankingnews.com
Imperial Petroleum (NASDAQ:IMPP) versus SFL (NYSE:SFL) Head-To-Head Comparison
April 11, 2023 | finanznachrichten.de
Imperial Petroleum Inc.: Imperial Petroleum Announces the Full Repayment Of Its $30.0 Million Outstanding Loan with NBG Bank
April 11, 2023 | finance.yahoo.com
Imperial Petroleum Announces the Full Repayment Of Its $30.0 Million Outstanding Loan with NBG Bank
April 3, 2023 | finance.yahoo.com
Imperial Petroleum Announces the Full Repayment of its $23.2 Million Outstanding Loan with DNB ASA Bank
March 27, 2023 | msn.com
Why Imperial Petroleum (IMPP) Shares Exploded Higher Today
March 27, 2023 | finance.yahoo.com
Imperial Petroleum Announces Management Estimate of Net Asset Value Per Share- $1.39
February 17, 2023 | seekingalpha.com
Imperial Petroleum Inc. (IMPP) Q4 2022 Earnings Call Transcript
February 17, 2023 | msn.com
Imperial Petroleum buys 2 dry bulk carriers for cash and stock
February 17, 2023 | finance.yahoo.com
Imperial Petroleum Announces Agreement to Acquire Two Handysize Dry Bulk Carriers
February 15, 2023 | msn.com
Imperial Petroleum GAAP EPS of $0.07, revenue of $37.9M
February 15, 2023 | finance.yahoo.com
Imperial Petroleum Inc. Reports Fourth Quarter and Twelve Months 2022 Net Income of $13.8 and $29.5 Million Respectively, Financial and Operating Results
See More Headlines

IMPP Price History

IMPP Company Calendar

Last Earnings
5/08/2023
Today
6/05/2023
Next Earnings (Estimated)
7/26/2023
Fiscal Year End
12/31/2023
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
NASDAQ
Industry
Deep sea foreign transportation of freight
Sub-Industry
N/A
Sector
Transportation
Current Symbol
NASDAQ:IMPP
CUSIP
N/A
CIK
1876581
Web
www.imperialpetro.com
Phone
30 210 625 0001
Fax
30 210 625 0018
Employees
74
Year Founded
N/A

Profitability

EPS (Most Recent Fiscal Year)
$4.5589
Trailing P/E Ratio
0.82
Forward P/E Ratio
N/A
P/E Growth
N/A
Net Income
$29.51 million
Net Margins
41.33%
Pretax Margin
41.33%
Return on Equity
71.24%
Return on Assets
18.92%

Debt

Debt-to-Equity Ratio
0.21
Current Ratio
2.98
Quick Ratio
2.81

Sales & Book Value

Annual Sales
$97.02 million
Price / Sales
0.50
Cash Flow
$3.24 per share
Price / Cash Flow
1.15
Book Value
$21.70 per share
Price / Book
0.17

Miscellaneous

Outstanding Shares
12,980,000
Free Float
12,784,000
Market Cap
$48.42 million
Optionable
Not Optionable
Beta
1.19

Key Executives

  • Mr. Harry N. Vafias (Age 45)
    CEO, Pres & Director
  • Ms. Ifigeneia Sakellari (Age 42)
    Interim Chief Financial Officer

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions













IMPP Stock - Frequently Asked Questions

How have IMPP shares performed in 2023?

Imperial Petroleum's stock was trading at $3.6165 at the beginning of the year. Since then, IMPP stock has increased by 3.1% and is now trading at $3.73.
View the best growth stocks for 2023 here.

Are investors shorting Imperial Petroleum?

Imperial Petroleum saw a drop in short interest in the month of May. As of May 15th, there was short interest totaling 1,240,000 shares, a drop of 5.3% from the April 30th total of 1,310,000 shares. Based on an average trading volume of 849,800 shares, the days-to-cover ratio is presently 1.5 days. Currently, 7.6% 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, July 26th 2023.
View our IMPP earnings forecast.

How were Imperial Petroleum's earnings last quarter?

Imperial Petroleum Inc. (NASDAQ:IMPP) announced its earnings results on Monday, May, 8th. The company reported $2.31 earnings per share for the quarter. The business earned $65.42 million during the quarter. Imperial Petroleum had a trailing twelve-month return on equity of 71.24% and a net margin of 41.33%.

When did Imperial Petroleum's stock split?

Shares of Imperial Petroleum reverse split before market open on 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.

What is Imperial Petroleum's stock symbol?

Imperial Petroleum trades on the NASDAQ under the ticker symbol "IMPP."

Who are Imperial Petroleum's major shareholders?

Imperial Petroleum's stock is owned by many different institutional and retail investors. Top institutional shareholders include Acadian Asset Management LLC (5.80%), SkyView Investment Advisors LLC (1.35%), Two Sigma Securities LLC (1.06%), Simplex Trading LLC (0.00%), Susquehanna International Group LLP (0.00%) and HAP Trading LLC (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.

What is Imperial Petroleum's stock price today?

One share of IMPP stock can currently be purchased for approximately $3.73.

How much money does Imperial Petroleum make?

Imperial Petroleum (NASDAQ:IMPP) has a market capitalization of $48.42 million and generates $97.02 million in revenue each year. The company earns $29.51 million in net income (profit) each year or $4.5589 on an earnings per share basis.

How can I contact Imperial Petroleum?

The official website for the company is www.imperialpetro.com. The company can be reached via phone at 30 210 625 0001, via email at fs@imperialpetro.com, or via fax at 30 210 625 0018.

This page (NASDAQ:IMPP) was last updated on 6/5/2023 by MarketBeat.com Staff

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