Imperial Petroleum Inc. $IMPP is Deuterium Capital Management LLC’s 6th Largest Position

Deuterium Capital Management LLC increased its position in shares of Imperial Petroleum Inc. (NASDAQ:IMPP) by 3.1% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,601,812 shares of the company’s stock after purchasing an additional 48,362 shares during the period. Imperial Petroleum makes up approximately 9.3% of Deuterium Capital Management LLC’s portfolio, making the stock its 6th largest position. Deuterium Capital Management LLC owned about 5.37% of Imperial Petroleum worth $4,934,000 at the end of the most recent quarter.

Separately, Towerview LLC raised its holdings in Imperial Petroleum by 15.3% during the first quarter. Towerview LLC now owns 415,000 shares of the company’s stock worth $1,017,000 after purchasing an additional 55,000 shares in the last quarter. Institutional investors and hedge funds own 94.44% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on IMPP. Maxim Group increased their price target on shares of Imperial Petroleum from $5.50 to $6.00 and gave the stock a “buy” rating in a report on Wednesday, September 10th. Weiss Ratings restated a “hold (c)” rating on shares of Imperial Petroleum in a research report on Tuesday, October 14th. Finally, Wall Street Zen upgraded shares of Imperial Petroleum from a “hold” rating to a “buy” rating in a research report on Saturday, October 4th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, Imperial Petroleum presently has an average rating of “Moderate Buy” and an average price target of $6.00.

Imperial Petroleum Price Performance

IMPP stock opened at $5.34 on Wednesday. The company’s 50 day simple moving average is $4.34 and its 200-day simple moving average is $3.42. The firm has a market capitalization of $183.80 million, a PE ratio of 5.24 and a beta of 1.24. Imperial Petroleum Inc. has a 12 month low of $2.12 and a 12 month high of $5.78.

Imperial Petroleum (NASDAQ:IMPP) last released its quarterly earnings results on Friday, September 5th. The company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.04 by $0.33. The business had revenue of $36.35 million for the quarter, compared to analyst estimates of $29.72 million. Imperial Petroleum had a net margin of 29.79% and a return on equity of 13.80%. During the same period in the prior year, the business earned $0.73 earnings per share.

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.