Imperial Oil (NASDAQ:IMO) Upgraded to Hold by BidaskClub

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BidaskClub upgraded shares of Imperial Oil (NASDAQ:IMO) from a sell rating to a hold rating in a research note released on Wednesday morning, BidAskClub reports.

Separately, AltaCorp Capital raised shares of Imperial Oil from an underperform rating to a sector perform rating in a research report on Sunday, October 6th.

Shares of NASDAQ IMO traded down $0.13 during midday trading on Wednesday, reaching $26.68. 146,600 shares of the stock were exchanged, compared to its average volume of 295,124. The stock has a 50 day moving average price of $25.47 and a 200-day moving average price of $26.64. Imperial Oil has a 52-week low of $23.66 and a 52-week high of $32.41.

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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