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Stock impact report

Imperial Petroleum: Upgrading On Strong Near-Term Tanker And Dry Bulk Market Prospects - Buy [Seeking Alpha]

Imperial Petroleum Inc. - Common Shares (IMPP) 
Company Research Source: Seeking Alpha
IMPP shares continue to trade at a significant discount to net asset value as investors remain wary of past dilution and poor corporate governance. Without the company returning material amounts of capital to shareholders, the valuation gap is not likely to decrease. However, strong tanker and dry bulk markets should result in net asset value increasing substantially over the next couple of quarters. As a result, I am raising my rating on Imperial Petroleum's common shares from "hold" to "buy" with a price target of $4.50. 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 » Rob Atherton/iStock Editorial via Getty Images Note: I have covered Imperial Petroleum Inc. IMPP IMPPP previously, so investors should view this as an update to my earlier articles on the company. Imperial Petroleum Overview Last week, Imperial Petroleum reported another set of solid quarterly results, w Show less Read more
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