Imperial Oil (TSE:IMO) Price Target Increased to C$56.00 by Analysts at Tudor Pickering

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) had its target price increased by Tudor Pickering to C$56.00 in a research note published on Tuesday morning, Stock Target Advisor reports. The firm currently has a hold rating on the stock.

IMO has been the subject of a number of other reports. Raymond James reaffirmed a market perform rating and set a C$47.00 price objective on shares of Imperial Oil in a report on Monday, December 20th. Tudor Pickering & Holt raised their target price on shares of Imperial Oil from C$50.00 to C$56.00 and gave the company a hold rating in a report on Tuesday. National Bank Financial raised their target price on shares of Imperial Oil from C$50.00 to C$58.00 and gave the company a sector perform rating in a report on Thursday, January 6th. Scotiabank raised shares of Imperial Oil from a sector perform rating to a buy rating and raised their target price for the company from C$48.00 to C$51.00 in a report on Friday, November 19th. Finally, TD Securities raised their price target on Imperial Oil from C$44.00 to C$46.00 and gave the stock a hold rating in a research report on Friday, November 5th. Thirteen research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of Hold and an average price target of C$48.12.

TSE IMO opened at C$50.98 on Tuesday. Imperial Oil has a 12 month low of C$24.01 and a 12 month high of C$51.19. The stock has a market cap of C$35.46 billion and a price-to-earnings ratio of 71.10. The company’s 50 day moving average is C$44.70 and its two-hundred day moving average is C$39.49. The company has a current ratio of 1.33, a quick ratio of 0.97 and a debt-to-equity ratio of 25.74.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last released its earnings results on Friday, October 29th. The company reported C$1.29 EPS for the quarter, missing analysts’ consensus estimates of C$1.30 by C($0.01). The business had revenue of C$10.23 billion for the quarter, compared to the consensus estimate of C$11.17 billion. Sell-side analysts forecast that Imperial Oil will post 5.3200001 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Saturday, January 1st. Shareholders of record on Friday, December 3rd were issued a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 2.12%. The ex-dividend date was Thursday, December 2nd. Imperial Oil’s payout ratio is currently 136.68%.

About Imperial Oil

Imperial Oil Limited explores for, produces, and sells crude oil and natural gas in Canada. It 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, 2020, this segment had 138 million oil-equivalent barrels of proved undeveloped reserves.

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Analyst Recommendations for Imperial Oil (TSE:IMO)

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