Imperial Oil (TSE:IMO) (NYSEMKT:IMO) has received an average recommendation of “Hold” from the twelve research firms that are covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation and six have given a hold recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is C$41.73.
Several research analysts have recently commented on IMO shares. Barclays raised their price objective on shares of Imperial Oil from C$38.00 to C$40.00 in a research note on Monday, April 30th. CSFB raised their price objective on shares of Imperial Oil from C$45.00 to C$47.00 in a research note on Friday, April 13th. Raymond James raised their price objective on shares of Imperial Oil from C$38.00 to C$39.00 in a research note on Tuesday. Canaccord Genuity lifted their price target on shares of Imperial Oil from C$40.00 to C$45.00 in a research note on Monday, May 14th. Finally, Morgan Stanley upgraded shares of Imperial Oil from an “underweight” rating to an “equal weight” rating and lifted their price target for the stock from C$39.00 to C$42.00 in a research note on Monday, April 30th.
Shares of TSE IMO traded up C$0.22 during midday trading on Thursday, hitting C$42.34. The company’s stock had a trading volume of 653,785 shares, compared to its average volume of 962,575. Imperial Oil has a 1 year low of C$33.43 and a 1 year high of C$42.86.
Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last posted its quarterly earnings data on Friday, April 27th. The company reported C$0.62 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.49 by C$0.13. The business had revenue of C$7.93 billion during the quarter, compared to analysts’ expectations of C$7.60 billion.
The business also recently disclosed a quarterly dividend, which will be paid on Sunday, July 1st. Shareholders of record on Friday, June 1st will be issued a dividend of $0.19 per share. The ex-dividend date of this dividend is Thursday, May 31st. This represents a $0.76 dividend on an annualized basis and a yield of 1.79%. This is a boost from Imperial Oil’s previous quarterly dividend of $0.16.
About Imperial Oil
Imperial Oil Limited explores for, produces, and sells crude oil and natural gas in Canada. The company operates through three segments: Upstream, Downstream, and Chemical. The Upstream segment explores for and produces crude oil, natural gas, synthetic oil, and bitumen. As of December 31, 2017, this segment had 450 million oil-equivalent barrels of proved undeveloped reserves.
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