Imperial Oil (NASDAQ:IMO) Downgraded to “Sell” at BidaskClub

BidaskClub lowered shares of Imperial Oil (NASDAQ:IMO) from a hold rating to a sell rating in a report published on Friday, BidAskClub reports.

Separately, AltaCorp Capital raised Imperial Oil from an underperform rating to a sector perform rating in a research note on Sunday, October 6th.

IMO stock traded down $0.26 during trading on Friday, reaching $24.85. 6,102 shares of the stock were exchanged, compared to its average volume of 295,687. The firm’s 50 day moving average is $25.26 and its 200 day moving average is $26.47. Imperial Oil has a twelve month low of $23.66 and a twelve month high of $31.70.

About Imperial Oil

Imperial Oil Limited explores for, produces, and sells crude oil and natural gas in Canada. The company operates through three segments: Upstream, Downstream, and Chemical. The Upstream segment explores for and produces crude oil, natural gas, synthetic oil, and bitumen. As of December 31, 2017, this segment had 450 million oil-equivalent barrels of proved undeveloped reserves.

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