Imperial Oil (TSE:IMO) Price Target Raised to C$108.00

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) had its target price upped by JPMorgan Chase & Co. from C$99.00 to C$108.00 in a research report sent to investors on Tuesday,BayStreet.CA reports.

A number of other analysts have also recently weighed in on IMO. Desjardins increased their price target on Imperial Oil from C$114.00 to C$120.00 and gave the stock a “sell” rating in a research report on Monday, November 24th. Cibc World Mkts downgraded Imperial Oil from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 14th. Royal Bank Of Canada dropped their target price on Imperial Oil from C$118.00 to C$116.00 and set a “sector perform” rating on the stock in a research report on Tuesday, January 13th. National Bankshares raised their target price on Imperial Oil from C$125.00 to C$127.00 and gave the company a “sector perform” rating in a research note on Friday, January 9th. Finally, Raymond James Financial upped their price target on shares of Imperial Oil from C$106.00 to C$107.00 and gave the stock an “underperform” rating in a research report on Monday. Six research analysts have rated the stock with a Hold rating and six have issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average target price of C$114.60.

Imperial Oil Trading Down 1.6%

Imperial Oil stock opened at C$148.49 on Tuesday. Imperial Oil has a 1 year low of C$82.98 and a 1 year high of C$152.98. The firm’s 50-day moving average is C$129.15 and its 200-day moving average is C$126.18. The company has a debt-to-equity ratio of 18.04, a quick ratio of 0.98 and a current ratio of 1.44. The company has a market cap of C$71.81 billion, a P/E ratio of 22.92, a PEG ratio of 0.21 and a beta of 0.95.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last released its quarterly earnings data on Friday, January 30th. The company reported C$1.97 earnings per share for the quarter. Imperial Oil had a net margin of 10.00% and a return on equity of 21.23%. On average, equities analysts expect that Imperial Oil will post 8.6164609 earnings per share for the current year.

Imperial Oil Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 1st. Stockholders of record on Thursday, January 1st were issued a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend was Wednesday, December 3rd. Imperial Oil’s dividend payout ratio (DPR) is 44.44%.

Imperial Oil Company Profile

Imperial Oil is one of Canada’s largest integrated oil companies, focusing on upstream operations, petroleum refining operations, and the marketing of petroleum products. Production averaged 398 thousand barrels of oil equivalent per day in 2020. The company estimates that it holds 5.2 billion boe of proved and probable crude oil and natural gas reserves. Imperial remains the largest refiner of petroleum products in Canada, operating three refineries with a combined processing capacity of 421 mboe/d.