Imperial Petroleum
IMPP

$4.08

0.25%

Market Cap: $138M

About: Imperial Petroleum Inc is a provider of international seaborne transportation services to oil producers, refineries, and commodities traders. It owns and operates a fleet of six medium-range product tankers that carry refined petroleum products such as gasoline, diesel, fuel oil and jet fuel, as well as edible oils and chemicals.

Employees: 49

0

Funds holding %

of 6,710 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

150% more capital invested

Capital invested by funds: $3.72M [Q1] → $9.3M (+$5.58M) [Q2]

120% more first-time investments, than exits

New positions opened: 11 | Existing positions closed: 5

40% more repeat investments, than reductions

Existing positions increased: 7 | Existing positions reduced: 5

29% more funds holding

Funds holding: 21 [Q1] → 27 (+6) [Q2]

20% more call options, than puts

Call options by funds: $9.47M | Put options by funds: $7.91M

1.33% more ownership

Funds ownership: 6.94% [Q1] → 8.27% (+1.33%) [Q2]

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Research analyst outlook

We haven’t received any recent analyst ratings for IMPP.

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Financial journalist opinion

Based on 6 articles about IMPP published over the past 30 days

IMPERIAL PETROLEUM INC. Declares Dividend on Series A Preferred Shares

ATHENS, Greece, Sept. 15, 2024 (GLOBE NEWSWIRE) -- IMPERIAL PETROLEUM INC. (Nasdaq: IMPP) (the “Company”), a ship-owning company providing petroleum products, crude oil, and drybulk seaborne transportation services, today announced a dividend of $0.546875 per share on its 8.75% Series A Cumulative Redeemable Perpetual Preferred Stock (the “Series A Preferred Shares”), payable on September 30, 2024 to holders of record as of September 25, 2024. The dividend payment relates to the period from the last dividend payment date for the Series A Preferred Shares on June 30, 2024 through September 29, 2024.

IMPERIAL PETROLEUM INC. Declares Dividend on Series A Preferred Shares

Imperial Petroleum Series A Preferreds: Solid, But Not A Bargain Anymore - Hold

Imperial Petroleum's solid financial results and pristine balance sheet warrant a closer look at the company's 8.75% Series A Cumulative Redeemable Perpetual Preferred Shares. At Friday's closing price of $25.12, the annualized dividend yield calculates to 8.72%. With several preferred stocks issued by larger players in the shipping offering similar or even better yields, I wouldn't chase Imperial Petroleum's preferred shares at current levels.

Imperial Petroleum Series A Preferreds: Solid, But Not A Bargain Anymore - Hold

Imperial Petroleum: Good Quarter, Pristine Balance Sheet, Discounted Valuation - Buy

On Tuesday, Imperial Petroleum reported decent Q2/2024 results with stable fleet utilization and consistent cash generation. The company ended the quarter with $129.8 million in cash and liquid investments. Imperial Petroleum continues to have no debt. Assuming full exercise of the company's remaining Class E Warrants, diluted net asset value per share calculates to $12.45.

Imperial Petroleum: Good Quarter, Pristine Balance Sheet, Discounted Valuation - Buy

Imperial Petroleum Inc. (IMPP) Q2 2024 Earnings Call Transcript

Imperial Petroleum Inc. (NASDAQ:IMPP ) Q2 2024 Earnings Conference Call August 27, 2024 11:00 AM ET Company Participants Fenia Sakellari - Chief Financial Officer Conference Call Participants Operator Good day and thank you for standing by. Welcome to the Second Quarter and Six Months 2024 Imperial Petroleum Results Conference Call.

Imperial Petroleum Inc. (IMPP) Q2 2024 Earnings Call Transcript

Imperial Petroleum Inc. Reports Second Quarter and Six Months 2024 Financial and Operating Results

ATHENS, Greece, Aug. 27, 2024 (GLOBE NEWSWIRE) -- IMPERIAL PETROLEUM INC. (NASDAQ: IMPP, the “Company”), a ship-owning company providing petroleum products, crude oil and dry bulk seaborne transportation services, announced today its unaudited financial and operating results for the second quarter and six months ended June 30, 2024.

Imperial Petroleum Inc. Reports Second Quarter and Six Months 2024 Financial and Operating Results

Imperial Petroleum Inc. Announces the Date for the Release of Second Quarter and Six Months 2024

ATHENS, Greece, Aug. 23, 2024 (GLOBE NEWSWIRE) -- Imperial Petroleum Inc. is a ship-owning company providing petroleum products, crude oil and drybulk seaborne transportation services, announced today that it will release its second quarter and six months financial results for the period ended June 30, 2024 before the market opens in New York on August 27, 2024. On August 27, 2024 at 11:00 am ET, the company's management will host a conference call to discuss the results and the company's operations and outlook.

Imperial Petroleum Inc. Announces the Date for the Release of Second Quarter and Six Months 2024

IMPERIAL PETROLEUM INC. Declares Dividend on Series A Preferred Shares

ATHENS, Greece, June 13, 2024 (GLOBE NEWSWIRE) -- IMPERIAL PETROLEUM INC. (Nasdaq: IMPP) (the “Company”), a ship-owning company providing petroleum products, crude oil, and drybulk seaborne transportation services, today announced a dividend of $0.546875 per share on its 8.75% Series A Cumulative Redeemable Perpetual Preferred Stock (the “Series A Preferred Shares”), payable on July 1, 2024, to holders of record as of June 26, 2024. The dividend payment relates to the period from the last dividend payment date for the Series A Preferred Shares on March 30, 2024, through June 29, 2024.

IMPERIAL PETROLEUM INC. Declares Dividend on Series A Preferred Shares

Imperial Petroleum Inc. (IMPP) Q1 2024 Earnings Call Transcript

Imperial Petroleum Inc. (NASDAQ:IMPP ) Q1 2024 Earnings Conference Call May 16, 2024 9:00 AM ET Company Participants Harry Vafias - Chairman, President and Chief Executive Officer Ifigeneia Sakellari - Interim Chief Financial Officer Conference Call Participants Harry Vafias Good morning, everyone, and thank you all for joining us for our First Quarter 2024 Conference Call. I am Harry Vafias, CEO of Imperial Petroleum, and with me today is Mrs.

Imperial Petroleum Inc. (IMPP) Q1 2024 Earnings Call Transcript

Imperial Petroleum Inc. Reports First Quarter 2024 Financial and Operating Results

ATHENS, Greece, May 16, 2024 (GLOBE NEWSWIRE) -- IMPERIAL PETROLEUM INC. (NASDAQ: IMPP, the “Company”), a ship-owning company providing petroleum products, crude oil and drybulk seaborne transportation services, announced today its unaudited financial and operating results for the three months ended March 31, 2024.

Imperial Petroleum Inc. Reports First Quarter 2024 Financial and Operating Results

Imperial Petroleum Inc. Announces the Date for the Release of First Quarter 2024 Financial and Operating Results, Conference Call and Webcast

ATHENS, Greece, May 14, 2024 (GLOBE NEWSWIRE) -- Imperial Petroleum Inc. a ship-owning company providing petroleum products, crude oil and drybulk seaborne transportation services, announced today that it will release its first quarter financial results for the period ended March 31, 2024, before the market opens in New York on May 16, 2024.

Imperial Petroleum Inc. Announces the Date for the Release of First Quarter 2024 Financial and Operating Results, Conference Call and Webcast

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