Imperial Oil Ltd (IMO) Given Average Recommendation of “Hold” by Brokerages

Shares of Imperial Oil Ltd (TSE:IMO) (NYSEMKT:IMO) have been given a consensus rating of “Hold” by the fifteen research firms that are covering the stock, reports. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is C$45.29.

A number of analysts have issued reports on the company. National Bank Financial raised their target price on Imperial Oil from C$40.00 to C$45.00 and gave the company a “c$43.73” rating in a report on Wednesday, July 18th. Goldman Sachs Group lowered their target price on Imperial Oil from C$43.00 to C$41.00 in a report on Friday, September 7th. Raymond James raised their target price on Imperial Oil from C$45.00 to C$50.00 in a report on Friday, October 5th. BMO Capital Markets raised their target price on Imperial Oil from C$42.00 to C$44.00 in a report on Monday, July 30th. Finally, JPMorgan Chase & Co. raised their target price on Imperial Oil from C$45.00 to C$49.00 in a report on Friday, October 5th.

In other news, insider Jonathan Wetmore sold 614 shares of Imperial Oil stock in a transaction that occurred on Tuesday, September 25th. The stock was sold at an average price of C$42.55, for a total transaction of C$26,125.70.

Shares of IMO stock traded up C$0.75 during trading on Friday, reaching C$43.98. The company had a trading volume of 850,722 shares, compared to its average volume of 1,010,165. Imperial Oil has a one year low of C$33.43 and a one year high of C$44.91.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last issued its quarterly earnings data on Friday, July 27th. The company reported C$0.24 earnings per share for the quarter, missing the Zacks’ consensus estimate of C$0.51 by C($0.27). The company had revenue of C$9.54 billion during the quarter, compared to analyst estimates of C$7.64 billion.

The firm also recently announced a quarterly dividend, which was paid on Monday, October 1st. Shareholders of record on Tuesday, September 4th were issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 1.73%. The ex-dividend date of this dividend was Friday, August 31st.

Imperial Oil Company Profile

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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Analyst Recommendations for Imperial Oil (TSE:IMO)

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