Imperial Oil (TSE:IMO) Earns Underperform Rating from Raymond James

Raymond James reissued their underperform rating on shares of Imperial Oil (TSE:IMO) (NYSEMKT:IMO) in a research note issued to investors on Wednesday, BayStreet.CA reports. They currently have a C$31.00 price target on the stock.

A number of other research analysts have also recently issued reports on IMO. JPMorgan Chase & Co. cut their price target on Imperial Oil from C$39.00 to C$38.00 in a report on Wednesday, September 11th. CSFB cut their price target on Imperial Oil from C$39.00 to C$38.00 in a report on Thursday, August 29th. CIBC raised Imperial Oil from an underperform rating to a neutral rating and lifted their price target for the company from C$37.00 to C$38.00 in a report on Tuesday, October 15th. AltaCorp Capital raised Imperial Oil from an underperform rating to a sector perform rating in a report on Sunday, October 6th. Finally, Royal Bank of Canada cut their price target on Imperial Oil from C$39.00 to C$37.00 in a report on Friday, October 18th. One analyst has rated the stock with a sell rating and seven have issued a hold rating to the company. Imperial Oil presently has a consensus rating of Hold and a consensus target price of C$37.85.

Shares of TSE:IMO traded down C$0.68 on Wednesday, hitting C$32.99. The stock had a trading volume of 452,065 shares, compared to its average volume of 885,069. Imperial Oil has a twelve month low of C$31.51 and a twelve month high of C$42.51. The company has a debt-to-equity ratio of 21.84, a quick ratio of 1.00 and a current ratio of 1.44. The firm’s 50 day moving average price is C$33.47 and its 200-day moving average price is C$35.23. The company has a market capitalization of $25.78 billion and a price-to-earnings ratio of 9.17.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 1st. Shareholders of record on Tuesday, December 3rd will be issued a dividend of $0.22 per share. The ex-dividend date is Monday, December 2nd. This represents a $0.88 annualized dividend and a yield of 2.67%. Imperial Oil’s dividend payout ratio is currently 22.80%.

About Imperial Oil

Imperial Oil Limited explores for, produces, and sells crude oil and natural gas in Canada. It 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, 2018, this segment had 404 million oil-equivalent barrels of proved undeveloped reserves.

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Analyst Recommendations for Imperial Oil (TSE:IMO)

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