Imperial Oil (TSE:IMO) Stock Price Expected to Rise, Desjardins Analyst Says

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) had its price objective boosted by investment analysts at Desjardins from C$120.00 to C$132.00 in a report issued on Friday,BayStreet.CA reports. The firm presently has a “sell” rating on the stock. Desjardins’ target price would suggest a potential downside of 20.20% from the company’s current price.

Several other research firms also recently weighed in on IMO. JPMorgan Chase & Co. boosted their target price on shares of Imperial Oil from C$99.00 to C$108.00 in a research report on Tuesday, February 3rd. Raymond James Financial increased their target price on Imperial Oil from C$106.00 to C$107.00 and gave the stock an “underperform” rating in a report on Monday, February 2nd. BMO Capital Markets downgraded Imperial Oil from an “outperform” rating to a “market perform” rating and lowered their price target for the company from C$132.00 to C$129.00 in a report on Monday, December 15th. Morgan Stanley raised their price objective on Imperial Oil from C$97.00 to C$101.00 in a research note on Thursday, November 20th. Finally, Royal Bank Of Canada dropped their target price on shares of Imperial Oil from C$118.00 to C$116.00 and set a “sector perform” rating on the stock in a report on Tuesday, January 13th. Six equities research analysts have rated the stock with a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat.com, Imperial Oil presently has a consensus rating of “Reduce” and an average target price of C$115.80.

Imperial Oil Stock Down 1.5%

Shares of TSE IMO traded down C$2.55 on Friday, hitting C$165.42. The company had a trading volume of 168,323 shares, compared to its average volume of 947,167. The firm has a market capitalization of C$80.00 billion, a P/E ratio of 25.53, a PEG ratio of 0.21 and a beta of 0.95. The company has a quick ratio of 0.98, a current ratio of 1.44 and a debt-to-equity ratio of 18.04. Imperial Oil has a 12-month low of C$82.98 and a 12-month high of C$169.07. The business has a 50 day moving average of C$135.04 and a two-hundred day moving average of C$129.32.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last posted 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%. The company had revenue of C$11.28 billion during the quarter. As a group, equities research analysts forecast that Imperial Oil will post 8.6164609 earnings per share for the current fiscal year.

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.