Share Repurchase Plan Initiated by Imperial Petroleum (NASDAQ:IMPP) Board of Directors
I'm PortAI, I can summarize articles.
Imperial Petroleum (NASDAQ:IMPP) has initiated a share repurchase program, with plans to buy back $10 million in shares, representing up to 8.3% of its stock. This move typically indicates that the company's management believes its shares are undervalued. The stock currently holds a consensus rating of "Moderate Buy" with a target price of $6.00. Recently, shares traded up 10.5% to $3.68, with a market cap of $133.29 million and a P/E ratio of 3.54. The company reported earnings of $0.31 per share, exceeding estimates.
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: Market Beat The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments