Imperial Petroleum (IMPP) Projected to Announce Quarterly Earnings on Tuesday

Imperial Petroleum (NASDAQ:IMPP) is expected to release its results before the market opens on Tuesday, October 27th. Analysts expect the company to post earnings of $1.15 per share and revenue of $73.80 million for the quarter.

Imperial Petroleum (NASDAQ:IMPP) last announced its quarterly earnings data on Thursday, September 10th. The company reported $0.76 EPS for the quarter, beating the consensus estimate of $0.73 by $0.03. Imperial Petroleum had a net margin of 36.76% and a return on equity of 16.92%. The firm had revenue of $87.07 million for the quarter, compared to the consensus estimate of $72.07 million.

Imperial Petroleum Stock Performance

IMPP stock opened at $4.96 on Friday. Imperial Petroleum has a one year low of $3.15 and a one year high of $6.57. The company’s fifty day moving average price is $5.27 and its 200-day moving average price is $4.99. The company has a market capitalization of $226.28 million, a PE ratio of 2.60 and a beta of 1.27.

Analyst Upgrades and Downgrades

IMPP has been the topic of a number of research analyst reports. Wall Street Zen cut shares of Imperial Petroleum from a “strong-buy” rating to a “buy” rating in a report on Saturday, September 26th. Weiss Ratings raised shares of Imperial Petroleum from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, September 16th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $9.00.

Imperial Petroleum Company Profile

Imperial Petroleum Inc (NASDAQ: IMPP) is a maritime transportation company focused on the ownership and operation of tanker vessels. The company transports crude oil, refined petroleum products and other liquid cargoes for customers in the international energy and shipping markets.

Based in Athens, Greece, Imperial Petroleum operates vessels that serve global shipping routes. Its fleet has included crude oil tankers and product tankers, which are used to move petroleum and petroleum-derived products between ports and energy markets worldwide.