Imperial Petroleum Inc. Price, Forecast, Insider, Ratings, Fundamentals & Signals

Athens, greece, march 14, 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 april 1, 2024 to holders of record as of march 26, 2024. the dividend payment relates to the period from the last dividend payment date for the series a preferred shares on december 30, 2023 through march 29, 2024.

Athens, greece, feb. 13, 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 fourth quarter and twelve months ended december 31, 2023.

Athens, greece, feb. 09, 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 fourth quarter and twelve months financial results for the period ended december 31, 2023 before the market opens in new york on february 13, 2024.

Athens, greece, dec. 14, 2023 (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 january 2, 2024, to holders of record as of december 27, 2023. the dividend payment relates to the period from the last dividend payment date for the series a preferred shares on september 30, 2023, through december 29, 2023.

Athens, greece, dec. 06, 2023 (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 that it has agreed to repurchase 2,457,989 class c warrants and 693,335 class d warrants from certain institutional investors for an aggregate purchase price of approximately $0.85 million.

WTI Crude Oil has continued its rise as tensions escalate in the Middle East due to ongoing developments and significant uncertainties. Year-to-date, Crude Oil futures have risen over 20%, climbing from almost $70 to just over $85 at Friday's close.

Today, massive short-squeeze opportunities aren't as common as they once were. The advent of rapid, high-frequency trading and automated management systems lets short sellers closely track a stock's movement and jump into action before the conditions for a short squeeze fully materialize.

Short-squeeze stocks may have fallen out of wider investor awareness and favor post-Gamestop (NYSE: GME ), but that doesn't mean short-squeeze stocks don't offer valuable trading opportunities today. Reasons for high short interest range wildly from poor earnings, a fundamentally weak company or misaligned company positioning compared to wider sentiment.

Big GameStop (NYSE: GME ) and AMC Entertainment (NYSE: AMC ) may have lost investor focus, but these meme stocks keep interests high. Of the many indicators aiding to time the market, short interest remains the most popular.

Imperial Petroleum has five MR product tankers, two Suezmax crude oil tankers, and 2 Handysize dry bulk carriers. The company's average fleet age is 14.6 years. IMPP has strong financials with zero outstanding debt, ample liquidity, and attractive dividend yield, at 10.0% at the current stock price. IMPP stock trades at 23% P/NAV and below its cash net of total liabilities. Compared to similar-sized shipping companies, Top Ships and Pyxis Tankers, IMPP is also cheap.

Short-squeeze opportunities tend to be rarer today than in years past. Rapid, high-frequency trading and automated management systems mean that short sellers can monitor a stock's status to step in before short squeeze conditions align.

Imperial Petroleum (NASDAQ: IMPP) stock price has had a remarkable run in the past few months. The stock, which bottomed at $1.17 in August last year, has risen by more than 174% to $3.22.

ATHENS, Greece, Feb. 09, 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 fourth quarter and twelve months financial results for the period ended December 31, 2023 before the market opens in New York on February 13, 2024.

As the stock market posts substantial numbers since the start of 2024, February has brought further gains for traders, raising interest in opportunities that could quickly rake in a considerable profit.

For most of the past two years, Imperial Petroleum has diluted shareholders relentlessly in order to grow the company's fleet. However, the company has reversed course in recent months with the announcement of a $10 million share repurchase program in early September and subsequent buybacks of common shares and warrants. CEO Harry Vafias now controls approximately 35.5% of outstanding common shares, aligning his interests with outside shareholders.