Imperial Petroleum: Good Quarter, Pristine Balance Sheet, Discounted Valuation - Buy [Seeking Alpha]
Imperial Petroleum Inc. - Common Shares (IMPP)
Company Research
Source: Seeking Alpha
Investing Group Leader Follow Summary 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. At current share prices, Imperial Petroleum is trading at a 35% discount to its stated cash balances, with market participants not assigning any value to the company's fleet. For now, I am reiterating "Buy" rating with an unchanged price target of $6, which is based on an approximately 55% discount to my $13 diluted net asset value per share estimate by year-end. Looking for a helping hand in the market? Members of Value Investor's Edge get exclusive ideas and guidance to navigate any climate. Learn More » rgaydos Note: I have covered Imperial Petroleum I
Show less
Read more
Impact Snapshot
Event Time:
IMPP
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
IMPP alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
IMPP alerts
High impacting Imperial Petroleum Inc. - Common Shares news events
Weekly update
A roundup of the hottest topics
IMPP
News
- Retail investors account for 44% of Imperial Petroleum Inc.'s (NASDAQ:IMPP) ownership, while private companies account for 32% [Yahoo! Finance]Yahoo! Finance
- Imperial Petroleum: Downgrading On Aggressive Move Into Dry Bulk - Hold [Seeking Alpha]Seeking Alpha
- IMPERIAL PETROLEUM INC. Declares Dividend on Series A Preferred SharesGlobeNewswire
- Imperial Petroleum Second Quarter 2024 Earnings: EPS: US$0.70 (vs US$0.90 in 2Q 2023) [Yahoo! Finance]Yahoo! Finance
- Imperial Petroleum Inc. (IMPP) Q2 2024 Earnings Call Transcript [Seeking Alpha]Seeking Alpha
IMPP
Sec Filings
- 11/8/24 - Form SC
- 10/29/24 - Form SC
- 9/30/24 - Form 424B3
- IMPP's page on the SEC website