Imperial Petroleum (IMPP) Stock Price, News & Analysis

Company Overview

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.

Written by Jeffrey Neal Johnson

Key Stats

• Today's Range: $3.46 to $3.55
• 50-Day Range: $3.48 to $4.34
• 52-Week Range: $1.44 to $4.59
• Volume: 210,300 shs
• Average Volume: 400,206 shs
• Market Capitalization: $103.74 million
• P/E Ratio: 2.83
• Dividend Yield: N/A
• Price Target: N/A
• Consensus Rating: N/A

Imperial Petroleum Stock Analysis - MarketRank™

Imperial Petroleum scored higher than 23% of companies evaluated by MarketBeat, and ranked 112th out of 129 stocks in the transportation sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: N/A
• Analyst Rating: N/A

Consensus Rating

There is not enough analysis data for Imperial Petroleum.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Imperial Petroleum is 2.83, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 115.61.

Price to Earnings Ratio vs. Sector

The P/E ratio of Imperial Petroleum is 2.83, which means that it is trading at a less expensive P/E ratio than the Transportation sector average P/E ratio of about 17.65.

Price to Book Value per Share Ratio

Imperial Petroleum has a P/B Ratio of 0.29. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 0.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

16.94% of the float of Imperial Petroleum has been sold short.

Short Interest Ratio / Days to Cover

Imperial Petroleum has a short interest ratio ("days to cover") of 12.8, which indicates bearish sentiment.

Change versus previous month

Short interest in Imperial Petroleum has recently increased by 1.38%, indicating that investor sentiment is decreasing.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Imperial Petroleum does not currently pay a dividend.

Dividend Growth

Imperial Petroleum does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

16.94% of the float of Imperial Petroleum has been sold short.

Short Interest Ratio / Days to Cover

Imperial Petroleum has a short interest ratio ("days to cover") of 12.8, which indicates bearish sentiment.

Change versus previous month

Short interest in Imperial Petroleum has recently increased by 1.38%, indicating that investor sentiment is decreasing.

News and Social Media

• Score: 3.8 / 5
• News Sentiment: N/A

News Sentiment

Imperial Petroleum has a news sentiment score of 1.87. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.59 average news sentiment score of Transportation companies.

News Coverage This Week

MarketBeat has tracked 1 news article for Imperial Petroleum this week, compared to 0 articles on an average week.

Search Interest

2 people have searched for IMPP on MarketBeat in the last 30 days. This is an increase of 100% compared to the previous 30 days.

MarketBeat Follows

Only 1 people have added Imperial Petroleum to their MarketBeat watchlist in the last 30 days. This is a decrease of -80% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Imperial Petroleum insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 1.50% of the stock of Imperial Petroleum is held by insiders.

Percentage Held by Institutions

94.44% of the stock of Imperial Petroleum is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

IMPP Stock Analysis - Frequently Asked Questions

How have IMPP shares performed this year?

Imperial Petroleum's stock was trading at $2.64 at the start of the year. Since then, IMPP shares have increased by 31.8% and is now trading at $3.48.
View the best growth stocks for 2024 here.

How were Imperial Petroleum's earnings last quarter?

Imperial Petroleum Inc. (NASDAQ:IMPP) posted its earnings results on Tuesday, August, 27th. The company reported $0.64 EPS for the quarter. The firm had revenue of $47.04 million for the quarter. Imperial Petroleum had a trailing twelve-month return on equity of 16.33% and a net margin of 37.13%.

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 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.

Who are Imperial Petroleum's major shareholders?

Top institutional investors of Imperial Petroleum include Wexford Capital LP (1.05%), Towerview LLC (0.80%), GSA Capital Partners LLP (0.37%) and Wolverine Trading LLC.

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.

What other stocks do shareholders of Imperial Petroleum own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Imperial Petroleum investors own include StealthGas (GASS), Meta Platforms (META), Predictive Oncology (POAI), Ford Motor (F), NVIDIA (NVDA), Palantir Technologies (PLTR) and Uranium Energy (UEC).

Company Calendar

• Last Earnings: 8/27/2024
• Today: 11/18/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Transportation
• Industry: Deep sea foreign transportation of freight
• Sub-Industry: N/A
• 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): $1.23
• Trailing P/E Ratio: 2.83
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $71.13 million
• Net Margins: 37.13%
• Pretax Margin: 37.13%
• Return on Equity: 16.33%
• Return on Assets: 12.74%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 14.40
• Quick Ratio: 13.77

Sales & Book Value

• Annual Sales: $183.73 million
• Price / Sales: 0.56
• Cash Flow: $2.95 per share
• Price / Cash Flow: 1.18
• Book Value: $12.15 per share
• Price / Book: 0.29

Miscellaneous

• Outstanding Shares: 29,810,000
• Free Float: 29,366,000
• Market Cap: $103.74 million
• Optionable: Optionable
• Beta: 1.21