Imperial Oil (TSE:IMO) Price Target Raised to C$157.00

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) had its price objective hoisted by TD from C$110.00 to C$157.00 in a report issued on Thursday morning,BayStreet.CA reports. TD currently has a sell rating on the stock.

Other analysts have also recently issued reports about the stock. UBS Group raised their price target on shares of Imperial Oil from C$155.00 to C$185.00 in a report on Monday, March 16th. TD Securities raised their price target on shares of Imperial Oil from C$101.00 to C$110.00 and gave the company a “sell” rating in a report on Monday, February 23rd. Desjardins raised their price target on shares of Imperial Oil from C$120.00 to C$132.00 and gave the company a “sell” rating in a report on Friday, February 20th. Royal Bank Of Canada raised their price target on shares of Imperial Oil from C$116.00 to C$124.00 and gave the company an “underperform” rating in a report on Wednesday, April 8th. Finally, Raymond James Financial lifted their target price on shares of Imperial Oil from C$107.00 to C$126.00 in a research note on Monday, March 30th. Four equities research analysts have rated the stock with a Hold rating and six have given a Sell rating to the company. Based on data from MarketBeat, Imperial Oil presently has a consensus rating of “Strong Sell” and an average target price of C$137.58.

Imperial Oil Stock Down 2.9%

TSE:IMO opened at C$167.04 on Thursday. Imperial Oil has a fifty-two week low of C$87.69 and a fifty-two week high of C$185.73. The stock has a market capitalization of C$80.78 billion, a P/E ratio of 25.78, a P/E/G ratio of 0.21 and a beta of 0.52. The company has a debt-to-equity ratio of 19.69, a quick ratio of 0.98 and a current ratio of 1.27. The company’s 50-day simple moving average is C$169.28 and its 200-day simple moving average is C$143.32.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last released its quarterly earnings results on Friday, January 30th. The company reported C$1.97 earnings per share for the quarter. Imperial Oil had a net margin of 7.02% and a return on equity of 14.75%. The business had revenue of C$11.28 billion for the quarter. On average, equities analysts anticipate that Imperial Oil will post 8.6164609 earnings per share for the current fiscal year.

Imperial Oil Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 1st. Investors of record on Wednesday, April 1st were paid a $0.87 dividend. This is a boost from Imperial Oil’s previous quarterly dividend of $0.72. The ex-dividend date was Thursday, March 5th. This represents a $3.48 dividend on an annualized basis and a yield of 2.1%. Imperial Oil’s dividend payout ratio (DPR) is 44.44%.

Imperial Oil Company Profile

Imperial Oil is one of Canada’s largest integrated oil companies, focusing on upstream operations, petroleum refining operations, and the marketing of petroleum products. Production averaged 398 thousand barrels of oil equivalent per day in 2020. The company estimates that it holds 5.2 billion boe of proved and probable crude oil and natural gas reserves. Imperial remains the largest refiner of petroleum products in Canada, operating three refineries with a combined processing capacity of 421 mboe/d.