Imperial Oil (TSE:IMO) (NYSEMKT:IMO) had its price target upped by National Bank Financial from C$39.00 to C$41.00 in a research note issued to investors on Tuesday, January 9th. The firm currently has a “sector perform” rating on the stock. National Bank Financial’s price target would suggest a potential upside of 5.24% from the company’s previous close.
Several other equities research analysts have also recently weighed in on the stock. TD Securities upped their price target on shares of Imperial Oil from C$42.00 to C$43.00 and gave the stock a “hold” rating in a research report on Thursday, November 2nd. JPMorgan Chase & Co. upped their price target on shares of Imperial Oil from C$36.00 to C$38.00 and gave the stock an “underweight” rating in a research report on Thursday, September 14th. Finally, Barclays lowered their price target on shares of Imperial Oil from C$44.00 to C$38.00 and set an “underweight” rating for the company in a research report on Thursday, November 2nd. Four analysts have rated the stock with a sell rating and nine have given a hold rating to the stock. The company has a consensus rating of “Hold” and an average target price of C$42.27.
Imperial Oil (TSE:IMO) traded up C$0.03 during trading on Tuesday, reaching C$38.96. 329,589 shares of the company’s stock traded hands, compared to its average volume of 581,436. The stock has a market cap of $32,740.00, a PE ratio of 15.97 and a beta of 0.51. Imperial Oil has a 12 month low of C$35.15 and a 12 month high of C$45.48.
Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last released its quarterly earnings data on Friday, October 27th. The company reported C$0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.48 by C($0.04). Imperial Oil had a net margin of 5.19% and a return on equity of 5.95%.
In related news, Director David Wallace Cornhill purchased 5,500 shares of the business’s stock in a transaction on Wednesday, December 6th. The shares were acquired at an average price of C$39.78 per share, for a total transaction of C$218,790.00.
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About Imperial Oil
Imperial Oil Limited is an integrated oil company. The Company is engaged in all the phases of the petroleum industry in Canada, including exploration for, and production and sale of, crude oil and natural gas. Its operations are conducted in three segments: Upstream, Downstream and Chemical. The Upstream operations include the exploration for, and production of, crude oil, natural gas, synthetic oil and bitumen.
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