Imperial Petroleum Inc. (NASDAQ:IMPP - Get Free Report)'s stock price shot up 1.4% during mid-day trading on Tuesday . The company traded as high as $3.05 and last traded at $2.99. 242,806 shares were traded during mid-day trading, a decline of 18% from the average session volume of 297,381 shares. The stock had previously closed at $2.95.
Imperial Petroleum Price Performance
The firm's 50-day simple moving average is $2.98 and its 200 day simple moving average is $3.50. The firm has a market capitalization of $83.17 million, a price-to-earnings ratio of 2.13 and a beta of 1.10.
Imperial Petroleum (NASDAQ:IMPP - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The company reported $0.12 EPS for the quarter. The company had revenue of $26.21 million during the quarter. Imperial Petroleum had a return on equity of 17.51% and a net margin of 34.87%.
Institutional Investors Weigh In On Imperial Petroleum
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Deuterium Capital Management LLC boosted its position in Imperial Petroleum by 43.6% in the fourth quarter. Deuterium Capital Management LLC now owns 1,393,770 shares of the company's stock valued at $4,195,000 after buying an additional 423,183 shares in the last quarter. Towerview LLC lifted its stake in shares of Imperial Petroleum by 51.6% in the 4th quarter. Towerview LLC now owns 360,000 shares of the company's stock valued at $1,084,000 after acquiring an additional 122,510 shares during the last quarter. Wexford Capital LP boosted its holdings in shares of Imperial Petroleum by 41.8% during the 3rd quarter. Wexford Capital LP now owns 312,201 shares of the company's stock valued at $1,296,000 after acquiring an additional 92,105 shares in the last quarter. Renaissance Technologies LLC grew its position 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 acquiring an additional 112,300 shares during the last quarter. Finally, GSA Capital Partners LLP grew its position in Imperial Petroleum by 28.9% during the 3rd quarter. GSA Capital Partners LLP now owns 109,258 shares of the company's stock worth $453,000 after acquiring an additional 24,501 shares during the last quarter. 94.44% of the stock is owned by institutional investors.
Imperial Petroleum Company Profile
(
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.
Recommended Stories
Before you consider Imperial Petroleum, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Imperial Petroleum wasn't on the list.
While Imperial Petroleum currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's guide to investing in 5G and which 5G stocks show the most promise.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
