Imperial Petroleum (NASDAQ:IMPP) Shares Up 1.7% – What’s Next?

Imperial Petroleum Inc. (NASDAQ:IMPP) shot up 1.7% on Wednesday . The company traded as high as $3.75 and last traded at $3.66. 140,748 shares traded hands during trading, a decline of 17% from the average session volume of 169,309 shares. The stock had previously closed at $3.60.

Imperial Petroleum Trading Up 1.7 %

The company has a market capitalization of $109.10 million, a PE ratio of 2.98 and a beta of 1.21. The stock has a fifty day moving average of $3.98 and a two-hundred day moving average of $3.87.

Imperial Petroleum (NASDAQ:IMPP) last posted its quarterly earnings results on Tuesday, August 27th. The company reported $0.64 earnings per share (EPS) for the quarter. Imperial Petroleum had a return on equity of 16.33% and a net margin of 37.13%. The business had revenue of $47.04 million for the quarter.

Hedge Funds Weigh In On Imperial Petroleum

Institutional investors and hedge funds have recently bought and sold shares of the stock. Deuterium Capital Management LLC grew its position in Imperial Petroleum by 174.4% during the 1st quarter. Deuterium Capital Management LLC now owns 398,396 shares of the company’s stock worth $1,247,000 after acquiring an additional 253,230 shares during the last quarter. Marshall Wace LLP bought a new stake in shares of Imperial Petroleum in the 2nd quarter worth approximately $48,000. PEAK6 Investments LLC bought a new stake in shares of Imperial Petroleum in the 1st quarter worth approximately $108,000. Cubist Systematic Strategies LLC bought a new stake in shares of Imperial Petroleum in the 2nd quarter worth approximately $119,000. Finally, Privium Fund Management UK Ltd grew its position in shares of Imperial Petroleum by 95.3% in the 2nd quarter. Privium Fund Management UK Ltd now owns 89,757 shares of the company’s stock worth $337,000 after buying an additional 43,796 shares during the last quarter. 94.44% of the stock is currently owned by institutional investors.

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.