Raymond James Reaffirms “Average” Rating for Imperial Oil (IMO)

Raymond James restated their average rating on shares of Imperial Oil (NYSEAMERICAN:IMO) (TSE:IMO) in a report issued on Wednesday morning. Raymond James currently has a $44.00 target price on the energy company’s stock.

IMO has been the topic of several other reports. Bank of America raised shares of Imperial Oil from a neutral rating to a buy rating in a research note on Friday, January 4th. CIBC reaffirmed a sell rating on shares of Imperial Oil in a research note on Saturday, February 2nd. TD Securities reaffirmed a hold rating and issued a $37.00 target price on shares of Imperial Oil in a research note on Monday, January 7th. TheStreet downgraded shares of Imperial Oil from a b- rating to a c+ rating in a research note on Monday, December 24th. Finally, Credit Suisse Group initiated coverage on shares of Imperial Oil in a research note on Monday, January 28th. They issued an underperform rating and a $27.89 target price on the stock. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average price target of $38.98.

IMO stock opened at $27.16 on Wednesday. Imperial Oil has a one year low of $24.29 and a one year high of $34.56.

Imperial Oil (NYSEAMERICAN:IMO) (TSE:IMO) last posted its quarterly earnings results on Friday, February 1st. The energy company reported $0.82 EPS for the quarter, topping the consensus estimate of $0.58 by $0.24. The business had revenue of $7.89 billion for the quarter, compared to analysts’ expectations of $8.89 billion. The company’s revenue was down 2.3% compared to the same quarter last year. During the same period last year, the business posted ($0.16) earnings per share.

A number of large investors have recently added to or reduced their stakes in IMO. Macquarie Group Ltd. bought a new stake in Imperial Oil in the fourth quarter valued at $38,000. Atlas Capital Advisors LLC bought a new stake in Imperial Oil in the fourth quarter valued at $138,000. Quadrant Capital Group LLC boosted its holdings in Imperial Oil by 879.6% in the fourth quarter. Quadrant Capital Group LLC now owns 6,446 shares of the energy company’s stock valued at $157,000 after acquiring an additional 5,788 shares in the last quarter. AlphaCrest Capital Management LLC bought a new stake in Imperial Oil in the fourth quarter valued at $220,000. Finally, Creative Planning boosted its holdings in Imperial Oil by 45.4% in the fourth quarter. Creative Planning now owns 9,134 shares of the energy company’s stock valued at $231,000 after acquiring an additional 2,852 shares in the last quarter.

Imperial Oil Company Profile

Imperial Oil Limited explores for, produces, and sells crude oil and natural gas in Canada. The company operates through three segments: Upstream, Downstream, and Chemical. The Upstream segment explores for and produces crude oil, natural gas, synthetic oil, and bitumen. As of December 31, 2017, this segment had 450 million oil-equivalent barrels of proved undeveloped reserves.

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Analyst Recommendations for Imperial Oil (NYSEAMERICAN:IMO)

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