Streetbeat News

IMPP

Imperial Petroleum Inc.

https://www.imperialpetro.com

Industry

Oil & Gas Exploration & Production

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; and crude oils. As of March 29, 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 company was incorporated in 2021 and is based in Athens, Greece.

Open

3.48

Mkt cap

106M

Volume

209K

High

3.55

P/E Ratio

2.88

52-wk high

4.59

Low

3.46

Div yield

N/A

52-wk low

1.44

Imperial Petroleum (NASDAQ:IMPP) reported Q2 earnings of $0.73 per share, surpassing the $0.42 estimate, despite a 50% decrease from last year. Sales were $47.04M, beating the $39.40M estimate, but down 20.33% from last year.

Portfolio Pulse from Benzinga Newsdesk

August 27, 2024 | 1:14 pm

Intuitive Surgical, Inc. (NASDAQ:ISRG) shares rose 6.7% in pre-market trading after reporting better-than-expected Q2 financial results. Other notable pre-market movers include Serve Robotics Inc. (NASDAQ:SERV), Hawaiian Electric Industries, Inc. (NYSE:HE), and CrowdStrike Holdings, Inc. (NASDAQ:CRWD).

Portfolio Pulse from Avi Kapoor

July 19, 2024 | 9:37 am

Imperial Petroleum (NASDAQ: IMPP) reported Q1 2024 adjusted EPS of $0.59, significantly beating the $0.23 estimate. Sales were $41.203M, also surpassing the $35.400M estimate. However, both EPS and sales showed a significant decline compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 12:24 pm

Imperial Petroleum reported a significant decrease in its Q4 2023 adjusted earnings per share (EPS) to $0.01 from $1.06 year-over-year (YoY). Revenue also declined to $29.9 million from $37.9 million YoY.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 2:18 pm

Four energy stocks are considered overbought based on their Relative Strength Index (RSI) values, which may signal a potential short-term pullback. Gulf Island Fabrication (GIFI) has an RSI of 76.19 after a share repurchase program announcement. Peabody Energy (BTU) reported weaker-than-expected earnings but saw a 9% stock increase over six months, with an RSI of 71.99. Battalion Oil (BATL) received a non-compliance notice from NYSE American and has an RSI of 77.60. Imperial Petroleum (IMPP) experienced a 31% stock jump after a conversion of preferred stock, with an RSI of 73.77.

Portfolio Pulse from Avi Kapoor

January 18, 2024 | 1:54 pm

Battalion Oil Corporation (BATL) and Imperial Petroleum Inc. (IMPP) are two energy stocks that have shown significant momentum, potentially concerning investors who rely on such indicators. BATL's RSI is at 78.40 after a 95% stock increase over the past month, following news of its acquisition by Fury Resources. IMPP's RSI is at 70.02, with a 64% gain over the past month after its Series C Preferred Stock was converted into common stock by Flawless Management Inc.

Portfolio Pulse from Avi Kapoor

January 04, 2024 | 12:09 pm

Imperial Petroleum Inc. has announced that Flawless Management Inc. converted all 13,875 shares of its Series C Cumulative Convertible Perpetual Preferred Stock into 6,932,043 shares of Imperial Petroleum's Common Stock.

Portfolio Pulse from Benzinga Newsdesk

December 22, 2023 | 2:21 pm

Imperial Petroleum Inc. (IMPP) and Top Ships Inc. (TOPS) are identified as overbought energy stocks with RSI values of 79.96 and 74.57, respectively. IMPP's stock rose 42% over the past month after a warrant repurchase agreement, while TOPS gained 115% following a share repurchase program announcement. Both stocks are considered overbought and may face a downturn in Q4.

Portfolio Pulse from Avi Kapoor

December 18, 2023 | 1:24 pm

Imperial Petroleum Inc. has agreed to repurchase 3.2 million warrants. This move could potentially reduce the dilutive impact of these warrants on existing shareholders and may reflect management's confidence in the company's future prospects.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 2:28 pm

Imperial Ptrl (NASDAQ:IMPP) reported Q3 earnings of $0.19 per share, a decrease of 84.17% YoY. The company also reported sales of $29.38 million, a decrease of 31.10% YoY.

Portfolio Pulse from vinayak@benzinga.com

October 25, 2023 | 1:35 pm

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