Why These Energy Stocks Are Gaining This Week

6. Imperial Petroleum Inc. (NASDAQ:IMPP)

Share Price Gains Between Feb. 6 and Feb. 13: 10.51%

Imperial Petroleum Inc. (NASDAQ:IMPP) is an international shipping transportation company that specializes in the transportation of various petroleum and petrochemical products in liquefied form.

Imperial Petroleum Inc. (NASDAQ:IMPP) received a boost on February 9 when the company announced that its Board of Directors had authorized officers to repurchase up to $10 million of its common stock. The shares may be purchased in open-market or privately negotiated transactions at times and prices deemed appropriate by the company.

Imperial also noted that the program may be suspended or discontinued at any time.