Imperial Oil (TSE:IMO) Stock Price Breaks Below Two Hundred Day Moving Average – Here’s What Happened

Imperial Oil Limited (TSE:IMO – Get Free Report) (NYSEMKT:IMO)’s share price passed below its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of C$175.85 and traded as low as C$169.79. Imperial Oil shares last traded at C$170.38, with a volume of 901,351 shares changing hands.

Analyst Ratings Changes

Several analysts have recently issued reports on IMO shares. Desjardins set a C$160.00 price target on Imperial Oil and gave the stock a “hold” rating in a research note on Friday, July 17th. Scotia lowered 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 research report on Wednesday, August 5th. JPMorgan Chase & Co. raised their target price on Imperial Oil from C$149.00 to C$158.00 in a report on Tuesday, July 14th. UBS Group increased their price objective on Imperial Oil from C$195.00 to C$205.00 in a research report on Monday, September 14th. Finally, TD increased their target price on shares of Imperial Oil from C$150.00 to C$151.00 and gave the company a “sell” rating in a research note on Wednesday, August 5th. Five investment analysts have rated the stock with a Hold rating and five have given a Sell rating to the company’s stock. According to data from MarketBeat, Imperial Oil currently has a consensus rating of “Reduce” and an average price target of C$146.08.

Get Our Latest Research Report on IMO

Imperial Oil Stock Performance

The company has a market capitalization of C$85.00 billion, a P/E ratio of 20.53, a PEG ratio of 0.21 and a beta of 0.62. The stock has a fifty day simple moving average of C$180.58 and a 200-day simple moving average of C$175.86. The company has a quick ratio of 0.98, a current ratio of 1.38 and a debt-to-equity ratio of 17.11.

Imperial Oil (TSE:IMO – Get Free Report) (NYSEMKT:IMO) last released its quarterly earnings results on Friday, July 31st. The company reported C$4.52 EPS for the quarter. The business had revenue of C$15.98 billion for the quarter. Imperial Oil had a return on equity of 18.76% and a net margin of 7.81%. Equities analysts forecast that Imperial Oil Limited will post 8.6164609 EPS for the current year.

Imperial Oil Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Stockholders of record on Thursday, October 1st were paid a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend was Friday, September 4th. Imperial Oil’s dividend payout ratio is 37.15%.

Imperial Oil Company Profile

(Get Free Report)

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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