Imperial Petroleum (NASDAQ:IMPP) Releases Quarterly Earnings Results

Imperial Petroleum (NASDAQ:IMPP) issued its earnings results on Thursday. The company reported $0.12 EPS for the quarter, Zacks reports. The business had revenue of $26,210 billion during the quarter. Imperial Petroleum had a return on equity of 17.51% and a net margin of 34.87%.

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 stock were exchanged, compared to its average volume of 304,285. Imperial Petroleum has a 52-week low of $2.55 and a 52-week high of $4.59. The business’s fifty day simple moving average is $2.98 and its two-hundred day simple moving average is $3.50. The company has a market capitalization of $83.17 million, a PE ratio of 2.13 and a beta of 1.10.

About Imperial Petroleum

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.