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: $2.74 to $2.86
• 50-Day Range: $2.76 to $3.90
• 52-Week Range: $2.41 to $4.59
• Volume: 206,002 shs
• Average Volume: 386,831 shs
• Market Capitalization: $84.67 million
• P/E Ratio: 2.17
• Dividend Yield: N/A
• Price Target: N/A
• Consensus Rating: N/A

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 stock has increased by 7.6% and is now trading at $2.84.
View the best growth stocks for 2024 here.

When did Imperial Petroleum's stock split?

Imperial Petroleum shares reverse split 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.

Who are Imperial Petroleum's major shareholders?

Top institutional shareholders 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.
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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), Uranium Energy (UEC).

Company Calendar

• Today: 12/21/2024
• 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): $1.31
• Trailing P/E Ratio: 2.17
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $71.13 million
• Net Margins: 34.87%
• Pretax Margin: 34.87%
• Return on Equity: 17.51%
• Return on Assets: 13.81%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 7.75
• Quick Ratio: 7.51

Sales & Book Value

• Annual Sales: $151.15 million
• Price / Sales: 0.56
• Cash Flow: $2.90 per share
• Price / Cash Flow: 0.98
• Book Value: $12.15 per share
• Price / Book: 0.23

Miscellaneous

• Outstanding Shares: 29,813,000
• Free Float: 29,366,000
• Market Cap: $84.67 million
• Optionable: Optionable
• Beta: 1.11