Imperial Oil Ltd (IMO) Cut to “Underperform” at Royal Bank Of Canada

Imperial Oil Ltd (NYSEAMERICAN:IMO) (TSE:IMO) was downgraded by Royal Bank Of Canada from a “sector perform” rating to an “underperform” rating in a report issued on Thursday, November 2nd, MarketBeat.com reports.

IMO has been the topic of a number of other research reports. TheStreet raised shares of Imperial Oil from a “c” rating to a “b-” rating in a report on Friday, October 27th. Morgan Stanley boosted their target price on shares of Imperial Oil from $36.00 to $42.00 and gave the company an “underweight” rating in a report on Friday, October 13th. BidaskClub raised shares of Imperial Oil from a “hold” rating to a “buy” rating in a report on Tuesday, September 12th. AltaCorp Capital cut shares of Imperial Oil from a “sector perform” rating to an “underperform” rating in a report on Wednesday, August 23rd. Finally, Zacks Investment Research lowered shares of Imperial Oil from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Eight analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company. The company currently has an average rating of “Hold” and an average target price of $41.25.

Shares of Imperial Oil (NYSEAMERICAN:IMO) traded up $0.15 during trading hours on Thursday, reaching $30.94. The company had a trading volume of 143,036 shares, compared to its average volume of 243,761. Imperial Oil has a 1-year low of $27.59 and a 1-year high of $36.85.

Imperial Oil (NYSEAMERICAN:IMO) (TSE:IMO) last announced its earnings results on Friday, October 27th. The energy company reported $0.35 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.38 by ($0.03). The company had revenue of $5.71 billion for the quarter, compared to the consensus estimate of $6.58 billion. Imperial Oil had a return on equity of 5.95% and a net margin of 5.19%. During the same period in the prior year, the business earned $1.18 earnings per share.

ILLEGAL ACTIVITY WARNING: “Imperial Oil Ltd (IMO) Cut to “Underperform” at Royal Bank Of Canada” was published by BBNS and is the sole property of of BBNS. If you are reading this piece on another website, it was illegally stolen and reposted in violation of United States & international copyright and trademark law. The correct version of this piece can be viewed at https://baseballnewssource.com/markets/imperial-oil-ltd-imo-downgraded-by-royal-bank-of-canada-to-underperform/1750774.html.

Several institutional investors have recently modified their holdings of the company. Americafirst Capital Management LLC bought a new stake in shares of Imperial Oil during the 3rd quarter valued at $314,000. Guardian Capital LP raised its position in shares of Imperial Oil by 5.7% during the 3rd quarter. Guardian Capital LP now owns 35,250 shares of the energy company’s stock valued at $1,123,000 after purchasing an additional 1,911 shares during the period. Guardian Capital Advisors LP increased its holdings in Imperial Oil by 13.4% in the 3rd quarter. Guardian Capital Advisors LP now owns 133,384 shares of the energy company’s stock valued at $5,262,000 after acquiring an additional 15,746 shares during the last quarter. Bank of Nova Scotia Trust Co. bought a new stake in Imperial Oil in the 3rd quarter valued at $685,000. Finally, Mackenzie Financial Corp bought a new stake in Imperial Oil in the 3rd quarter valued at $1,360,000.

About Imperial Oil

Imperial Oil Limited is an integrated oil company. The Company is engaged in all the phases of the petroleum industry in Canada, including exploration for, and production and sale of, crude oil and natural gas. Its operations are conducted in three segments: Upstream, Downstream and Chemical. The Upstream operations include the exploration for, and production of, crude oil, natural gas, synthetic oil and bitumen.

Analyst Recommendations for Imperial Oil (NYSEAMERICAN:IMO)

Receive News & Ratings for Imperial Oil Ltd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Imperial Oil Ltd and related companies with our FREE daily email newsletter.

 


Latest News

Jack Morris, Alan Trammel Voted by Modern Era Committee into Hall of Fame
Jack Morris, Alan Trammel Voted by Modern Era Committee into Hall of Fame
Yankees and Marlins Continue Stanton Trade Talks
Yankees and Marlins Continue Stanton Trade Talks
Marlins Making Moves, Trade Dee Gordon to Seattle
Marlins Making Moves, Trade Dee Gordon to Seattle
Report: Astros Dallas Keuchel Pitched With Injured Foot
Report: Astros Dallas Keuchel Pitched With Injured Foot
Angels Sign Former Prospect with Braves Kevin Maitan
Angels Sign Former Prospect with Braves Kevin Maitan
Shohei Ohtani Has Turned Down Red Sox and Yankees
Shohei Ohtani Has Turned Down Red Sox and Yankees


Leave a Reply

 
© 2006-2017 BBNS.