Brokerages Set Imperial Oil Ltd (IMO) Price Target at $41.54

Imperial Oil Ltd (TSE:IMO) (NYSEMKT:IMO) has been given an average recommendation of “Hold” by the fifteen analysts that are currently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is C$41.62.

A number of research analysts recently weighed in on IMO shares. CIBC decreased their target price on shares of Imperial Oil from C$41.00 to C$35.00 in a research report on Friday, February 1st. JPMorgan Chase & Co. decreased their target price on shares of Imperial Oil from C$47.00 to C$46.00 in a research report on Wednesday, January 9th. Barclays decreased their target price on shares of Imperial Oil from C$46.00 to C$45.00 in a research report on Tuesday, February 5th. Raymond James reaffirmed an “underperform” rating and issued a C$44.00 target price on shares of Imperial Oil in a research report on Monday, February 4th. Finally, National Bank Financial decreased their target price on shares of Imperial Oil from C$46.00 to C$42.00 and set a “sector perform” rating for the company in a research report on Monday, December 10th.

Shares of IMO stock traded up C$0.51 during trading hours on Wednesday, hitting C$37.18. 466,995 shares of the company were exchanged, compared to its average volume of 1,033,225. The company has a quick ratio of 0.89, a current ratio of 1.35 and a debt-to-equity ratio of 21.26. Imperial Oil has a 52 week low of C$33.43 and a 52 week high of C$44.91. The company has a market capitalization of $28.54 billion and a price-to-earnings ratio of 12.97.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last released its earnings results on Friday, February 1st. The company reported C$1.08 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.94 by C$0.14. The business had revenue of C$7.89 billion during the quarter, compared to the consensus estimate of C$11 billion. On average, equities analysts expect that Imperial Oil will post 2.93999999524656 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 1st. Investors of record on Monday, March 4th will be given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 2.04%. The ex-dividend date is Friday, March 1st. Imperial Oil’s dividend payout ratio (DPR) is currently 25.52%.

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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Analyst Recommendations for Imperial Oil (TSE:IMO)

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