Imperial Oil (TSE:IMO – Get Free Report) (NYSEMKT:IMO) had its price target cut by National Bank Financial from C$214.00 to C$209.00 in a report issued on Wednesday,BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. National Bank Financial’s target price would suggest a potential upside of 18.23% from the stock’s current price.
Several other research analysts have also issued reports on the company. Scotia cut their price target on Imperial Oil from C$159.00 to C$156.00 and set a “sector perform” rating on the stock in a report on Wednesday. Royal Bank Of Canada boosted their price objective on Imperial Oil from C$116.00 to C$124.00 and gave the company an “underperform” rating in a report on Wednesday, April 8th. Scotiabank raised Imperial Oil to a “hold” rating in a research report on Friday, June 26th. Desjardins set a C$160.00 target price on Imperial Oil and gave the stock a “hold” rating in a report on Friday, July 17th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Imperial Oil from C$149.00 to C$158.00 in a research report on Tuesday, July 14th. Five research analysts have rated the stock with a Hold rating and five have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Reduce” and a consensus target price of C$143.25.
Imperial Oil Stock Down 1.6%
Imperial Oil (TSE:IMO – Get Free Report) (NYSEMKT:IMO) last issued its earnings results on Friday, July 31st. The company reported C$4.52 EPS for the quarter. Imperial Oil had a return on equity of 18.67% and a net margin of 7.81%.The company had revenue of C$15.98 billion during the quarter. Equities research analysts predict that Imperial Oil will post 8.6164609 earnings per share for the current fiscal year.
Insider Activity
In related news, insider Ian Robert Laing sold 4,100 shares of the company’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of C$176.63, for a total transaction of C$724,183.00. Insiders sold a total of 6,569 shares of company stock worth $1,144,955 over the last 90 days. 71.26% of the stock is owned by insiders.
About Imperial Oil
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.
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