Raymond James Cuts Imperial Oil (TSE:IMO) Price Target to C$17.00

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) had its price target lowered by Raymond James from C$21.00 to C$17.00 in a research note released on Wednesday, Analyst Ratings Network reports. The firm currently has a market perform rating on the stock.

Several other equities analysts also recently commented on IMO. Credit Suisse Group reaffirmed a neutral rating and issued a C$24.00 price objective on shares of Imperial Oil in a research report on Thursday, October 8th. Morgan Stanley downgraded Imperial Oil from an overweight rating to an equal weight rating and upped their price objective for the company from C$22.00 to C$25.00 in a research report on Wednesday, July 8th. Tudor Pickering & Holt set a C$22.00 price target on Imperial Oil and gave the stock a sell rating in a research report on Tuesday, September 15th. Royal Bank of Canada reissued a sector perform rating and set a C$25.00 price target on shares of Imperial Oil in a research report on Friday, October 9th. Finally, National Bank Financial increased their price target on Imperial Oil from C$20.00 to C$30.00 and gave the stock a sector perform rating in a research report on Wednesday, June 24th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average price target of C$24.25.

Shares of Imperial Oil stock opened at C$16.36 on Wednesday. The stock’s fifty day moving average is C$18.25 and its two-hundred day moving average is C$20.00. The company has a market capitalization of $12.01 billion and a PE ratio of -629.23. The company has a quick ratio of 0.62, a current ratio of 1.20 and a debt-to-equity ratio of 23.59. Imperial Oil has a 52 week low of C$10.27 and a 52 week high of C$35.80.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last announced its quarterly earnings data on Friday, July 31st. The company reported C($0.72) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of C($0.93) by C$0.21. The business had revenue of C$3.71 billion during the quarter, compared to the consensus estimate of C$4.18 billion. As a group, research analysts anticipate that Imperial Oil will post 0.7657665 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Friday, September 4th were paid a dividend of $0.22 per share. The ex-dividend date of this dividend was Thursday, September 3rd. This represents a $0.88 annualized dividend and a dividend yield of 5.38%. Imperial Oil’s dividend payout ratio (DPR) is presently -3,384.62%.

Imperial Oil Company Profile

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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Analyst Recommendations for Imperial Oil (TSE:IMO)

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