CSFB upgraded shares of Imperial Oil (TSE:IMO) (NYSEMKT:IMO) from an underperform rating to a neutral rating in a research note released on Thursday morning. The brokerage currently has C$39.00 price objective on the stock, up from their prior price objective of C$38.00.
IMO has been the topic of several other reports. Barclays dropped their target price on Imperial Oil from C$54.00 to C$46.00 in a research report on Thursday, January 10th. JPMorgan Chase & Co. dropped their target price on Imperial Oil from C$46.00 to C$42.00 in a research report on Monday, February 4th. TD Securities increased their target price on Imperial Oil from C$37.00 to C$39.00 and gave the stock a hold rating in a research report on Thursday, February 28th. AltaCorp Capital lowered Imperial Oil from a sector perform rating to an underperform rating in a research report on Monday, January 7th. Finally, Morgan Stanley dropped their target price on Imperial Oil from C$52.00 to C$51.00 in a research report on Tuesday, November 20th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus target price of C$41.57.
IMO stock opened at C$36.39 on Thursday. The company has a current ratio of 1.35, a quick ratio of 0.89 and a debt-to-equity ratio of 21.26. The company has a market cap of $28.54 billion and a P/E ratio of 12.72. Imperial Oil has a 12-month low of C$33.43 and a 12-month high of C$44.91.
Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last issued its earnings results on Friday, February 1st. The company reported C$1.08 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.94 by C$0.14. The company had revenue of C$7.89 billion during the quarter, compared to analyst estimates of C$11 billion. Sell-side analysts expect that Imperial Oil will post 2.86999962063223 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, April 1st. Stockholders of record on Monday, March 4th will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.09%. The ex-dividend date of this dividend is Friday, March 1st. Imperial Oil’s dividend payout ratio (DPR) is 25.52%.
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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