Brokerages Set Imperial Oil Limited (TSE:IMO) Target Price at C$99.38

Shares of Imperial Oil Limited (TSE:IMO) (NYSEMKT:IMO) have received a consensus rating of “Hold” from the ten research firms that are covering the stock, MarketBeat.com reports. Nine research analysts have rated the stock with a hold rating and one has issued a strong buy rating on the company. The average 12 month price target among brokerages that have covered the stock in the last year is C$99.38.

Several equities research analysts have issued reports on IMO shares. TD Securities raised their price target 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. Desjardins lifted their target price on shares of Imperial Oil from C$88.00 to C$92.00 and gave the stock a “hold” rating in a report on Tuesday, April 23rd. National Bankshares upped their price target on shares of Imperial Oil from C$90.00 to C$120.00 and gave the company a “sector perform” rating in a research note on Friday, April 19th. CIBC raised their price objective on shares of Imperial Oil from C$90.00 to C$105.00 and gave the stock a “neutral” rating in a research report on Monday, April 22nd. Finally, Raymond James set a C$93.00 target price on Imperial Oil and gave the company a “market perform” rating in a research report on Wednesday, May 29th.

Imperial Oil Stock Performance

Shares of TSE IMO opened at C$95.65 on Friday. The company has a debt-to-equity ratio of 18.65, a quick ratio of 0.98 and a current ratio of 1.34. The stock has a 50 day moving average price of C$93.22 and a 200 day moving average price of C$88.92. The stock has a market capitalization of C$51.25 billion, a PE ratio of 10.88, a price-to-earnings-growth ratio of 0.21 and a beta of 1.83. Imperial Oil has a 52 week low of C$63.52 and a 52 week high of C$101.63.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last released its quarterly earnings data on Friday, April 26th. The company reported C$2.23 EPS for the quarter, beating the consensus estimate of C$2.00 by C$0.23. The company had revenue of C$12.28 billion during 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%. Analysts predict that Imperial Oil will post 9.6175299 earnings per share for the current fiscal year.

Imperial Oil Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, July 1st. Stockholders of record on Monday, July 1st were issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 2.51%. The ex-dividend date of this dividend was Monday, June 3rd. Imperial Oil’s dividend payout ratio (DPR) is currently 27.30%.

About Imperial Oil

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.