Imperial Oil (NYSEAMERICAN:IMO) (TSE:IMO) had its target price boosted by equities researchers at Barclays from $36.00 to $40.00 in a report released on Monday, The Fly reports. The brokerage presently has an “overweight” rating on the energy company’s stock. Barclays‘s target price suggests a potential upside of 34.41% from the stock’s current price.
Other equities research analysts have also issued research reports about the stock. Scotiabank lifted their price objective on shares of Imperial Oil from $32.00 to $35.00 and gave the company a “sector perform” rating in a research note on Thursday, April 15th. Royal Bank of Canada lifted their target price on shares of Imperial Oil from $30.00 to $32.00 and gave the stock a “sector perform” rating in a report on Monday, March 1st. Desjardins upgraded shares of Imperial Oil from a “hold” rating to a “buy” rating in a report on Thursday, March 25th. Tudor Pickering upgraded shares of Imperial Oil from a “sell” rating to a “hold” rating in a report on Tuesday, March 2nd. Finally, The Goldman Sachs Group upgraded shares of Imperial Oil from a “sell” rating to a “buy” rating in a report on Monday, March 8th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $30.36.
IMO stock opened at $29.76 on Monday. The company has a current ratio of 1.27, a quick ratio of 0.96 and a debt-to-equity ratio of 0.22. Imperial Oil has a 1 year low of $11.16 and a 1 year high of $30.86. The company has a fifty day simple moving average of $19.16 and a 200 day simple moving average of $16.02. The firm has a market cap of $21.85 billion, a PE ratio of -67.64 and a beta of 1.87.
Imperial Oil (NYSEAMERICAN:IMO) (TSE:IMO) last released its quarterly earnings data on Tuesday, February 2nd. The energy company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.05). Imperial Oil had a negative net margin of 1.70% and a negative return on equity of 0.78%. The business had revenue of $4.63 billion during the quarter, compared to analyst estimates of $4.90 billion. As a group, analysts forecast that Imperial Oil will post -0.72 EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently bought and sold shares of IMO. Amundi Pioneer Asset Management Inc. increased its stake in Imperial Oil by 11.8% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 175,652 shares of the energy company’s stock valued at $4,808,000 after acquiring an additional 18,553 shares during the period. Crossmark Global Holdings Inc. boosted its position in Imperial Oil by 11.6% in the fourth quarter. Crossmark Global Holdings Inc. now owns 16,367 shares of the energy company’s stock valued at $311,000 after buying an additional 1,700 shares in the last quarter. Pacer Advisors Inc. acquired a new position in Imperial Oil in the fourth quarter valued at about $36,000. KCS Wealth Advisory boosted its position in Imperial Oil by 55.3% in the fourth quarter. KCS Wealth Advisory now owns 39,945 shares of the energy company’s stock valued at $760,000 after buying an additional 14,231 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Imperial Oil by 1.1% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 77,705 shares of the energy company’s stock valued at $1,474,000 after buying an additional 819 shares in the last quarter. 21.35% of the stock is currently owned by institutional investors and hedge funds.
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, 2020, this segment had 138 million oil-equivalent barrels of proved undeveloped reserves.
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