Imperial Oil (TSE:IMO) Price Target Raised to C$101.00 at Desjardins

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) had its target price upped by Desjardins from C$92.00 to C$101.00 in a research note published on Tuesday morning, BayStreet.CA reports. The firm currently has a hold rating on the stock.

Several other analysts also recently issued reports on IMO. CIBC upped 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 report on Monday, April 22nd. TD Securities upped their price objective on shares of Imperial Oil from C$89.00 to C$91.00 and gave the stock a hold rating in a report on Tuesday, April 30th. Raymond James set a C$93.00 price objective on shares of Imperial Oil and gave the stock a market perform rating in a report on Wednesday, May 29th. BMO Capital Markets upped their target price on shares of Imperial Oil from C$95.00 to C$115.00 in a research note on Thursday, March 28th. Finally, Royal Bank of Canada upped their target price on shares of Imperial Oil from C$100.00 to C$105.00 and gave the company a sector perform rating in a research note on Wednesday, May 1st. Nine research analysts have rated the stock with a hold rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of Hold and a consensus price target of C$100.08.

Imperial Oil Price Performance

TSE IMO opened at C$98.16 on Tuesday. The company has a current ratio of 1.34, a quick ratio of 0.98 and a debt-to-equity ratio of 18.65. The company has a fifty day simple moving average of C$93.44 and a 200 day simple moving average of C$89.70. The company has a market cap of C$52.60 billion, a P/E ratio of 11.17, a P/E/G ratio of 0.21 and a beta of 1.83. Imperial Oil has a 1 year low of C$67.59 and a 1 year high of C$101.63.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last posted its quarterly earnings data on Friday, April 26th. The company reported C$2.23 earnings per share (EPS) for the quarter, topping the consensus estimate of C$2.00 by C$0.23. The business had revenue of C$12.28 billion during the quarter, compared to the consensus estimate of C$15.74 billion. Imperial Oil had a net margin of 9.50% and a return on equity of 20.78%. On average, sell-side analysts predict that Imperial Oil will post 9.6175299 EPS for the current year.

Imperial Oil Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 1st. Stockholders of record on Monday, July 1st were paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.44%. The ex-dividend date of this dividend was Monday, June 3rd. Imperial Oil’s dividend payout ratio is 27.30%.

Imperial Oil Company Profile

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.