Imperial Oil (TSE:IMO) Price Target Raised to C$175.00

by · The Cerbat Gem

Imperial Oil (TSE:IMO – Free Report) (NYSEMKT:IMO) had its price target boosted by ATB Cormark Capital Markets from C$140.00 to C$175.00 in a research note published on Thursday,BayStreet reports. The firm currently has a sector perform rating on the stock.

A number of other equities analysts also recently issued reports on IMO. Raymond James Financial raised their price objective on shares of Imperial Oil from C$130.00 to C$140.00 and gave the stock an “underperform” rating in a report on Wednesday, September 16th. JPMorgan Chase & Co. upped their target price on shares of Imperial Oil from C$149.00 to C$158.00 in a report on Tuesday, July 14th. Desjardins increased their price target on shares of Imperial Oil from C$165.00 to C$172.00 and gave the stock a “hold” rating in a research report on Tuesday, October 20th. TD increased their price target on shares of Imperial Oil from C$150.00 to C$151.00 and gave the stock a “sell” rating in a research report on Wednesday, August 5th. Finally, National Bank Financial lifted their price target on shares of Imperial Oil from C$207.00 to C$213.00 and gave the stock a “sector perform” rating in a research note on Tuesday, October 20th. Six analysts have rated the stock with a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Reduce” and a consensus target price of C$152.83.

Read Our Latest Stock Analysis on Imperial Oil

Imperial Oil Trading Up 2.1%

Shares of TSE:IMO opened at C$188.72 on Thursday. The stock’s 50-day simple moving average is C$181.72 and its two-hundred day simple moving average is C$176.33. The stock has a market capitalization of C$91.26 billion, a price-to-earnings ratio of 22.05, a PEG ratio of 0.21 and a beta of 0.62. Imperial Oil has a 52-week low of C$114.75 and a 52-week high of C$192.40. The company has a debt-to-equity ratio of 17.11, a quick ratio of 0.98 and a current ratio of 1.38.

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. Imperial Oil had a net margin of 7.81% and a return on equity of 18.76%. The firm had revenue of C$15.98 billion during the quarter. Analysts expect that Imperial Oil will post 8.62 EPS for the current year.

Imperial Oil Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Stockholders of record on Thursday, October 1st were paid a $0.87 dividend. The ex-dividend date of this dividend was Friday, September 4th. This represents a $3.48 annualized dividend and a dividend yield of 1.8%. Imperial Oil’s dividend payout ratio (DPR) 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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