Media headlines about Imperial Oil (NYSEMKT:IMO) (TSE:IMO) have been trending somewhat positive recently, according to Alpha One. The research firm, a division of Accern, identifies positive and negative media coverage by reviewing more than 20 million blog and news sources in real-time. Alpha One ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Imperial Oil earned a news sentiment score of 0.05 on Alpha One’s scale. Alpha One also assigned media headlines about the energy company an impact score of 33 out of 100, meaning that recent media coverage is unlikely to have an impact on the company’s share price in the next few days.
Here are some of the news stories that may have effected AlphaOne Sentiment’s analysis:
- Imperial Oil Ltd. breached its 50 day moving average in a Bullish Manner : IMO-US : June 19, 2017 (finance.yahoo.com)
- Baidu Ads (NASDAQ:BIDU) Can’t Be More Risky. Short Interest Increased (hoyentv.com)
- Imperial Oil Ltd (IMO) Rating Increased to Sell at BidaskClub (americanbankingnews.com)
- EIA revises down oilsands reserve drop by about a third after data error (660news.com)
A number of research analysts have recently issued reports on the stock. Zacks Investment Research raised shares of Imperial Oil from a “hold” rating to a “strong-buy” rating and set a $33.00 price objective on the stock in a research report on Tuesday, May 16th. ValuEngine raised shares of Imperial Oil from a “sell” rating to a “hold” rating in a research report on Thursday, May 11th. Goldman Sachs Group, Inc. (The) downgraded shares of Imperial Oil from a “neutral” rating to a “sell” rating in a research report on Wednesday, April 5th. BidaskClub raised shares of Imperial Oil from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 13th. Finally, TheStreet cut shares of Imperial Oil from a “b-” rating to a “c+” rating in a research note on Tuesday, March 14th. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $44.78.
Imperial Oil (IMO) traded down 1.89% during trading on Tuesday, reaching $29.14. 60,710 shares of the company’s stock were exchanged. The stock has a 50-day moving average price of $28.72 and a 200 day moving average price of $31.53. Imperial Oil has a 52 week low of $27.59 and a 52 week high of $36.85. The firm has a market capitalization of $24.70 billion, a price-to-earnings ratio of 12.68 and a beta of 1.14.
Imperial Oil (NYSEMKT:IMO) (TSE:IMO) last issued its quarterly earnings data on Friday, April 28th. The energy company reported $0.30 EPS for the quarter, missing the Zacks’ consensus estimate of $0.43 by $0.13. The company had revenue of $5.41 billion for the quarter, compared to the consensus estimate of $9.14 billion. Imperial Oil had a return on equity of 5.31% and a net margin of 4.76%. During the same quarter in the previous year, the company earned ($0.12) earnings per share. Equities research analysts forecast that Imperial Oil will post $1.56 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Saturday, July 1st. Stockholders of record on Friday, June 2nd will be paid a $0.1185 dividend. This is a boost from Imperial Oil’s previous quarterly dividend of $0.11. The ex-dividend date of this dividend is Wednesday, May 31st. This represents a $0.47 annualized dividend and a dividend yield of 1.60%. Imperial Oil’s dividend payout ratio is presently 170.37%.
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Imperial Oil Company Profile
Imperial Oil Limited is an integrated oil company. The Company is engaged in all the phases of the petroleum industry in Canada, including exploration for, and production and sale of, crude oil and natural gas. Its operations are conducted in three segments: Upstream, Downstream and Chemical. The Upstream operations include the exploration for, and production of, crude oil, natural gas, synthetic oil and bitumen.
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