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

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

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

Imperial Petroleum Price Performance

NASDAQ IMPP opened at $4.96 on Monday. Imperial Petroleum has a 52 week low of $3.15 and a 52 week high of $6.57. The firm has a market capitalization of $226.28 million, a P/E ratio of 2.60 and a beta of 1.27. The company has a 50-day moving average price of $5.27 and a 200-day moving average price of $4.99.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Wall Street Zen downgraded 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 report on Wednesday, September 16th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, Imperial Petroleum has an average rating of “Moderate Buy” and an average 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.