Imperial Oil (TSE:IMO) (NYSEMKT:IMO) had its price target trimmed by Raymond James from C$21.00 to C$17.00 in a report issued on Wednesday, AR Network reports. The firm currently has a market perform rating on the stock.
Several other research firms have also recently issued reports on IMO. Scotiabank lowered their target price on shares of Imperial Oil from C$23.00 to C$22.00 in a research note on Tuesday, October 13th. Royal Bank of Canada reiterated a sector perform rating and issued a C$25.00 target price on shares of Imperial Oil in a research note on Friday, October 9th. CSFB reiterated a neutral rating and issued a C$24.00 target price on shares of Imperial Oil in a research note on Thursday, October 8th. Credit Suisse Group reissued a neutral rating and issued a C$24.00 price target on shares of Imperial Oil in a report on Thursday, October 8th. Finally, Tudor Pickering reissued a sell rating and issued a C$22.00 price target on shares of Imperial Oil in a report on Tuesday, September 15th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the stock. Imperial Oil presently has an average rating of Hold and a consensus target price of C$24.25.
Shares of IMO stock opened at C$16.36 on Wednesday. The stock has a market capitalization of $12.01 billion and a P/E ratio of -629.23. The company has a current ratio of 1.20, a quick ratio of 0.62 and a debt-to-equity ratio of 23.59. The firm’s 50 day moving average is C$18.25 and its 200 day moving average is C$20.00. Imperial Oil has a 12 month low of C$10.27 and a 12 month high of C$35.80.
Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last announced its quarterly earnings results on Friday, July 31st. The company reported C($0.72) EPS for the quarter, beating the Zacks’ consensus estimate of C($0.93) by C$0.21. The business had revenue of C$3.71 billion for the quarter, compared to analysts’ expectations of C$4.18 billion. On average, equities analysts predict that Imperial Oil will post 0.7657665 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Stockholders of record on Friday, September 4th were issued a $0.22 dividend. The ex-dividend date was Thursday, September 3rd. This represents a $0.88 annualized dividend and a dividend yield of 5.38%. Imperial Oil’s dividend payout ratio is currently -3,384.62%.
About Imperial Oil
Imperial Oil Limited explores for, produces, and sells crude oil and natural gas in Canada. It 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, 2018, this segment had 404 million oil-equivalent barrels of proved undeveloped reserves.
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