Imperial Oil Limited (IMO.TO) – What Are Analysts Thinking About This Stock?

Shares of Imperial Oil Limited (TSE:IMO) (NYSEMKT:IMO) have been given an average rating of “Reduce” by the ten research firms that are currently covering the company, Marketbeat Ratings reports. Four investment analysts have rated the stock with a sell recommendation and six have given a hold recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is C$152.83.

Several research analysts have commented on IMO shares. Desjardins boosted their price target on shares of Imperial Oil from C$165.00 to C$172.00 and gave the stock a “hold” rating in a report on Tuesday. UBS Group increased their target price on Imperial Oil from C$195.00 to C$205.00 in a report on Monday, September 14th. ATB Cormark Capital Markets increased their target price on Imperial Oil from C$140.00 to C$175.00 and gave the company a “sector perform” rating in a report on Thursday. Raymond James Financial raised their price target on Imperial Oil from C$130.00 to C$140.00 and gave the company an “underperform” rating in a research note on Wednesday, September 16th. Finally, Scotiabank raised Imperial Oil to a “hold” rating in a report on Friday, June 26th.

Imperial Oil Stock Up 2.1%

Shares of IMO traded up C$3.94 during mid-day trading on Friday, hitting C$188.72. 734,974 shares of the company’s stock were exchanged, compared to its average volume of 828,464. The company has a market cap of C$91.26 billion, a price-to-earnings ratio of 22.05, a P/E/G ratio of 0.21 and a beta of 0.62. Imperial Oil has a fifty-two week low of C$114.75 and a fifty-two week high of C$192.40. The company has a debt-to-equity ratio of 17.11, a quick ratio of 0.98 and a current ratio of 1.38. The stock’s 50-day moving average is C$181.72 and its 200-day moving average is C$176.33.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last posted its quarterly earnings results on Friday, July 31st. The company reported C$4.52 EPS for the quarter. Imperial Oil had a net margin of 7.81% and a return on equity of 18.76%. The business had revenue of C$15.98 billion during the quarter. On average, sell-side analysts anticipate that Imperial Oil will post 8.62 earnings per share for the current fiscal year.

Imperial Oil Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Stockholders of record on Thursday, October 1st were given a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend was Friday, September 4th. Imperial Oil’s dividend payout ratio (DPR) is 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.