BidaskClub Lowers Imperial Oil (NASDAQ:IMO) to Hold

BidaskClub cut shares of Imperial Oil (NASDAQ:IMO) from a buy rating to a hold rating in a report released on Saturday morning, BidAskClub reports.

Separately, Stifel Firstegy cut shares of Imperial Oil from a hold rating to a reduce rating in a report on Monday, May 4th.

Shares of IMO stock opened at $15.82 on Friday. The firm’s 50-day moving average is $16.19 and its 200-day moving average is $18.98. Imperial Oil has a 52-week low of $7.03 and a 52-week high of $28.75.

Imperial Oil (NASDAQ:IMO) last issued its earnings results on Friday, May 1st. The company reported $0.05 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.02) by $0.07. The firm had revenue of $4.99 billion during the quarter, compared to the consensus estimate of $4.61 billion.

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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