Imperial Petroleum (NASDAQ:IMPP) Posts Earnings Results

Imperial Petroleum (NASDAQ:IMPP) announced its quarterly earnings results on Thursday. The company reported $0.12 earnings per share (EPS) for the quarter, Zacks reports. The firm had revenue of $26.21 million for the quarter. Imperial Petroleum had a net margin of 34.87% and a return on equity of 17.51%.

Imperial Petroleum Stock Performance

Shares of NASDAQ IMPP traded down $0.05 during midday trading on Friday, hitting $2.79. 151,718 shares of the company’s stock traded hands, compared to its average volume of 304,285. The firm has a fifty day moving average of $2.98 and a 200 day moving average of $3.50. Imperial Petroleum has a 1 year low of $2.55 and a 1 year high of $4.59. The stock has a market capitalization of $83.17 million, a price-to-earnings ratio of 2.13 and a beta of 1.10.

Imperial Petroleum Company Profile

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, crude oils, iron ore, coal and grains, and minor bulks, such as bauxite, phosphate, and fertilizers.