Imperial Oil (IMO) Rating Increased to Sector Perform at AltaCorp Capital

AltaCorp Capital upgraded shares of Imperial Oil (TSE:IMO) (NYSEMKT:IMO) from an underperform rating to a sector perform rating in a research note issued to investors on Monday, January 15th.

Several other brokerages also recently commented on IMO. National Bank Financial upped their price objective on 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. Eight Capital set a C$39.00 price target on Imperial Oil and gave the stock a sell rating in a research report on Thursday, January 11th. Barclays dropped their price objective on 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. Finally, TD Securities increased their price target on Imperial Oil from C$42.00 to C$43.00 and gave the company a hold rating in a research note on Thursday, November 2nd. Four research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company’s stock. Imperial Oil has a consensus rating of Hold and an average target price of C$42.27.

Imperial Oil (TSE IMO) opened at C$40.00 on Monday. Imperial Oil has a 52 week low of C$35.15 and a 52 week high of C$44.45. The stock has a market capitalization of $33,150.00, a P/E ratio of 16.39 and a beta of 0.51.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last issued its quarterly earnings data on Friday, October 27th. The company reported C$0.44 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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%.

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 1st. Investors of record on Friday, December 1st were given a dividend of $0.16 per share. The ex-dividend date was Thursday, November 30th. This represents a $0.64 dividend on an annualized basis and a yield of 1.60%. Imperial Oil’s payout ratio is 25.41%.

In other Imperial Oil news, Director David Wallace Cornhill bought 5,500 shares of Imperial Oil stock in a transaction on Wednesday, December 6th. The shares were bought at an average price of C$39.78 per share, for a total transaction of C$218,790.00.

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Imperial Oil Company Profile

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.

Analyst Recommendations for Imperial Oil (TSE:IMO)

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