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 .

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

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

30 days | 90 days | 365 days | Advanced Chart

IMPP Stock News Headlines

December 4, 2023 | americanbankingnews.com

Short Interest in Imperial Petroleum Inc. (NASDAQ:IMPP) Grows By 13.8%

October 20, 2023 | finance.yahoo.com

Imperial Petroleum Inc. Announces the Date for the Release of Third Quarter and Nine Months 2023 Financial and Operating Results, Conference Call and Webcast

December 5, 2023 | DTI Trader (Ad)

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October 9, 2023 | finance.yahoo.com

Imperial Petroleum Inc. Announces Repurchase of 2.58 Million Warrants

September 7, 2023 | msn.com

Imperial Petroleum launches $10M stock buyback, buys 2 tankers for $71M

September 7, 2023 | finance.yahoo.com

Imperial Petroleum announces $10 million share repurchase program and agreement to acquire two vessels

August 14, 2023 | benzinga.com

What's Going On With Imperial Petroleum (IMPP) Stock?

August 11, 2023 | marketwatch.com

Imperial Petroleum Shares Hit New Lows After Equity Sale

December 5, 2023 | DTI Trader (Ad)

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.

August 11, 2023 | benzinga.com

Why Imperial Petroleum (IMPP) Stock Is Getting Obliterated

August 11, 2023 | finance.yahoo.com

Imperial Petroleum Inc. Announces Pricing of Approximately $17.0 Million Registered Direct Offering

June 21, 2023 | msn.com

Imperial Petroleum completes spin-off of C3is

June 21, 2023 | finance.yahoo.com

Imperial Petroleum Inc. Announces Completion of Spin-Off of C3is Inc.

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

May 16, 2023 | finance.yahoo.com

Imperial Petroleum Inc. Regains Compliance with Nasdaq Minimum Bid Price Requirement

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 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

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 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 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

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

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): $4.2795
Trailing P/E Ratio: 0.40
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $29.51 million
Net Margins: 40.90%
Pretax Margin: 40.90%
Return on Equity: 41.38%
Return on Assets: 21.59%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 10.28
Quick Ratio: 9.83

Sales & Book Value

Annual Sales: $97.02 million
Price / Sales: 0.30
Cash Flow: $3.25 per share
Price / Cash Flow: 0.53
Book Value: $21.70 per share
Price / Book: 0.08

Miscellaneous

Outstanding Shares: 17,090,000
Free Float: 16,831,000
Market Cap: $29.39 million
Optionable: Not Optionable
Beta: 1.03

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Key Executives

Mr. Harry N. Vafias (Age 45)
CEO, President & Director
Ms. Ifigeneia Sakellari (Age 42)
Interim CFO & Secretary

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

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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