Imperial Oil Limited (TSE:IMO) Receives Average Rating of “Hold” from Analysts

Shares of Imperial Oil Limited (TSE:IMOGet Free Report) (NYSEMKT:IMO) have earned an average rating of “Hold” from the eleven research firms that are currently covering the firm, MarketBeat reports. Nine equities research analysts have rated the stock with a hold recommendation, one has given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is C$96.07.

A number of brokerages have weighed in on IMO. Scotiabank raised Imperial Oil from a “hold” rating to a “strong-buy” rating in a report on Friday, June 14th. Desjardins raised their target price on Imperial Oil from C$88.00 to C$92.00 and gave the company a “hold” rating in a report on Tuesday, April 23rd. CIBC raised their target price on Imperial Oil from C$90.00 to C$105.00 and gave the company a “neutral” rating in a report on Monday, April 22nd. National Bankshares raised their target price on Imperial Oil from C$90.00 to C$120.00 and gave the company a “sector perform” rating in a report on Friday, April 19th. Finally, TD Securities raised their target price on Imperial Oil from C$89.00 to C$91.00 and gave the company a “hold” rating in a report on Tuesday, April 30th.

Get Our Latest Analysis on IMO

Imperial Oil Price Performance

Shares of TSE IMO opened at C$90.55 on Wednesday. The firm has a market cap of C$48.52 billion, a P/E ratio of 10.30, a price-to-earnings-growth ratio of 0.21 and a beta of 1.83. The company has a current ratio of 1.34, a quick ratio of 0.98 and a debt-to-equity ratio of 18.65. Imperial Oil has a 1-year low of C$63.19 and a 1-year high of C$101.63. The business’s 50 day moving average is C$93.49 and its 200-day moving average is C$86.45.

Imperial Oil (TSE:IMOGet Free Report) (NYSEMKT:IMO) last issued its quarterly earnings results on Friday, April 26th. The company reported C$2.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$2.00 by C$0.23. The business had revenue of C$12.28 billion for the quarter, compared to the consensus estimate of C$15.74 billion. Imperial Oil had a return on equity of 20.78% and a net margin of 9.50%. Equities research analysts predict that Imperial Oil will post 9.6175299 earnings per share for the current year.

Imperial Oil Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Monday, July 1st will be given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 2.65%. The ex-dividend date is Monday, June 3rd. Imperial Oil’s dividend payout ratio is currently 27.30%.

About Imperial Oil

(Get Free Report

Imperial Oil Limited engages in exploration, production, and sale of crude oil and natural gas in Canada. The company operates through three segments: Upstream, Downstream and Chemical segments. The Upstream segment explores and produces crude oil, natural gas, synthetic crude oil, and bitumen. The Downstream segment transports and refines crude oil, blends refined products, and distributes and markets of refined products.

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Analyst Recommendations for Imperial Oil (TSE:IMO)

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