Imperial Oil (TSE:IMO – Free Report) (NYSEMKT:IMO) had its price target hoisted by Desjardins from C$165.00 to C$172.00 in a report published on Tuesday,BayStreet reports. The brokerage currently has a hold rating on the stock.
Other research analysts have also issued research reports about the company. Scotiabank upgraded Imperial Oil to a “hold” rating in a research report on Friday, June 26th. UBS Group boosted their target price on shares of Imperial Oil from C$195.00 to C$205.00 in a research note on Monday, September 14th. JPMorgan Chase & Co. upped their price target on shares of Imperial Oil from C$149.00 to C$158.00 in a research report on Tuesday, July 14th. National Bank Financial lifted their price objective on Imperial Oil from C$207.00 to C$213.00 and gave the stock a “sector perform” rating in a report on Tuesday. Finally, Scotia cut their price objective on Imperial Oil from C$159.00 to C$156.00 and set a “sector perform” rating for the company in a research note on Wednesday, August 5th. Six equities research analysts have rated the stock with a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus target price of C$152.83.
Get Our Latest Research Report on Imperial Oil
Imperial Oil Stock Performance
Shares of IMO stock opened at C$184.78 on Tuesday. The company has a market capitalization of C$89.36 billion, a P/E ratio of 21.59, a P/E/G ratio of 0.21 and a beta of 0.62. The business’s 50 day moving average is C$181.65 and its two-hundred day moving average is C$176.24. The company has a current ratio of 1.38, a quick ratio of 0.98 and a debt-to-equity ratio of 17.11. Imperial Oil has a 12-month low of C$114.75 and a 12-month high of C$192.40.
Imperial Oil (TSE:IMO – Get Free Report) (NYSEMKT:IMO) last posted its quarterly earnings data on Friday, July 31st. The company reported C$4.52 EPS for the quarter. The business had revenue of C$15.98 billion during the quarter. Imperial Oil had a return on equity of 18.76% and a net margin of 7.81%. Analysts expect that Imperial Oil will post 8.62 EPS for the current fiscal year.
Imperial Oil Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Thursday, October 1st were paid a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend was Friday, September 4th. Imperial Oil’s payout ratio is 37.15%.
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.
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