Imperial Oil Limited (TSE:IMO) Receives Consensus Rating of “Reduce” from Brokerages

Imperial Oil Limited (TSE:IMO) (NYSEMKT:IMO) has received a consensus rating of “Reduce” from the ten ratings firms that are covering the stock, Marketbeat.com reports. Five investment analysts have rated the stock with a sell recommendation and five have given a hold recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is C$143.25.

IMO has been the subject of a number of analyst reports. JPMorgan Chase & Co. lifted their price objective on shares of Imperial Oil from C$149.00 to C$158.00 in a report on Tuesday, July 14th. TD lifted their price target on Imperial Oil from C$150.00 to C$151.00 and gave the company a “sell” rating in a research note on Wednesday, August 5th. Scotiabank raised Imperial Oil to a “hold” rating in a research note on Friday, June 26th. Scotia dropped their target price on Imperial Oil from C$159.00 to C$156.00 and set a “sector perform” rating on the stock in a report on Wednesday, August 5th. Finally, National Bank Financial cut their target price on Imperial Oil from C$214.00 to C$209.00 and set a “sector perform” rating on the stock in a research report on Wednesday, August 5th.

Imperial Oil Stock Up 3.0%

Shares of IMO opened at C$187.68 on Friday. The stock’s 50-day moving average price is C$175.98 and its two-hundred day moving average price is C$173.14. Imperial Oil has a 12 month low of C$114.75 and a 12 month high of C$191.76. The company has a market capitalization of C$90.76 billion, a PE ratio of 21.93, a PEG ratio of 0.21 and a beta of 0.40. The company has a current ratio of 1.38, a quick ratio of 0.98 and a debt-to-equity ratio of 17.11.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last posted its quarterly earnings data on Friday, July 31st. The company reported C$4.52 earnings per share for the quarter. Imperial Oil had a net margin of 7.81% and a return on equity of 18.76%. The company had revenue of C$15.98 billion during the quarter. On average, analysts anticipate that Imperial Oil will post 8.6164609 EPS for the current year.

Imperial Oil Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Thursday, October 1st will be issued a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend is Friday, September 4th. Imperial Oil’s payout ratio is currently 37.15%.

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.