Imperial Oil (TSE:IMO) (NYSEMKT:IMO) was upgraded by analysts at AltaCorp Capital from an “underperform” rating to a “sector perform” rating in a report issued on Monday.
Several other brokerages have also weighed in on IMO. TD Securities upped their target price 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. Barclays lowered their price target on shares of Imperial Oil from C$44.00 to C$38.00 and set an “underweight” rating on the stock in a research report on Thursday, November 2nd. Eight Capital set a C$39.00 price target on shares of Imperial Oil and gave the company a “sell” rating in a research report on Thursday, January 11th. Finally, National Bank Financial increased their price target on shares of Imperial Oil from C$39.00 to C$41.00 and gave the company a “sector perform” rating in a research report on Tuesday, January 9th. Four research analysts have rated the stock with a sell rating and nine have issued a hold rating to the company. Imperial Oil presently has an average rating of “Hold” and a consensus price target of C$42.27.
Imperial Oil (TSE IMO) opened at C$38.96 on Monday. Imperial Oil has a 1 year low of C$35.15 and a 1 year high of C$45.48. The firm has a market cap of $32,490.00, a PE ratio of 15.97 and a beta of 0.51.
Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last issued its earnings results on Friday, October 27th. The company reported C$0.44 earnings per share for the quarter, missing the consensus estimate of C$0.48 by C($0.04). Imperial Oil had a return on equity of 5.95% and a net margin of 5.19%.
In other news, Director David Wallace Cornhill bought 5,500 shares of the firm’s stock in a transaction that occurred on Wednesday, December 6th. The shares were purchased 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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