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NASDAQ:IMPP

Imperial Petroleum (IMPP) Stock Price, News & Analysis

$4.08
-0.17 (-4.00%)
(As of 07/24/2024 ET)
Today's Range
$3.97
$4.25
50-Day Range
$3.45
$4.37
52-Week Range
$1.18
$4.59
Volume
424,873 shs
Average Volume
210,706 shs
Market Capitalization
$121.62 million
P/E Ratio
2.91
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

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Here's what to expect from Imperial Petroleum's earnings report
Jeff Bezos’s Terrifying New Technology
Please understand — if you thought AI was a threat, just wait until you see what Jeff Bezos has done with QaaS. 99% of Americans have no idea what’s about to happen. What humanity is about to witness is the greatest tech disruption of all time.
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Company Calendar

Last Earnings
5/16/2024
Today
7/24/2024
Next Earnings (Estimated)
8/08/2024
Fiscal Year End
12/31/2024

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
$71.13 million
Pretax Margin
32.64%

Debt

Sales & Book Value

Annual Sales
$183.73 million
Cash Flow
$2.81 per share
Book Value
$12.15 per share

Miscellaneous

Free Float
29,366,000
Market Cap
$121.62 million
Optionable
Optionable
Beta
1.19
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IMPP Stock Analysis - Frequently Asked Questions

How have IMPP shares performed this year?

Imperial Petroleum's stock was trading at $2.64 on January 1st, 2024. Since then, IMPP shares have increased by 54.5% and is now trading at $4.08.
View the best growth stocks for 2024 here
.

How were Imperial Petroleum's earnings last quarter?

Imperial Petroleum Inc. (NASDAQ:IMPP) announced its quarterly earnings data on Thursday, May, 16th. The company reported $0.50 earnings per share for the quarter. The firm earned $41.20 million during the quarter. Imperial Petroleum had a trailing twelve-month return on equity of 24.08% and a net margin of 32.64%.

When did Imperial Petroleum's stock split?

Shares of Imperial Petroleum 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 closing bell 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.

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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:IMPP) was last updated on 7/25/2024 by MarketBeat.com Staff

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