Imperial Oil (TSE:IMO) PT Raised to C$74.00

Imperial Oil (TSE:IMO – Get Rating) (NYSEMKT:IMO) had its price target hoisted by analysts at Raymond James from C$70.00 to C$74.00 in a research report issued to clients and investors on Wednesday, BayStreet.CA reports. The brokerage currently has a “market perform” rating on the stock. Raymond James’ price objective indicates a potential upside of 3.71% from the stock’s previous close.

A number of other research analysts also recently issued reports on IMO. National Bankshares upped their target price on shares of Imperial Oil from C$73.00 to C$80.00 and gave the company a “sector perform” rating in a research report on Thursday, November 3rd. JPMorgan Chase & Co. upped their target price on shares of Imperial Oil from C$76.00 to C$78.00 in a research report on Tuesday, January 17th. TD Securities cut their target price on shares of Imperial Oil from C$82.00 to C$81.00 and set a “buy” rating on the stock in a research report on Wednesday, December 21st. Credit Suisse Group upped their target price on shares of Imperial Oil to C$80.00 in a research report on Monday, November 21st. Finally, CIBC cut their target price on shares of Imperial Oil from C$80.00 to C$76.00 in a research report on Tuesday, January 17th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of C$77.77.

Imperial Oil Price Performance

Shares of IMO traded down C$1.37 during trading hours on Wednesday, hitting C$71.35. The stock had a trading volume of 385,244 shares, compared to its average volume of 1,003,440. The company’s fifty day moving average is C$68.31 and its two-hundred day moving average is C$65.75. The company has a debt-to-equity ratio of 19.60, a current ratio of 1.23 and a quick ratio of 0.98. Imperial Oil has a 52 week low of C$52.28 and a 52 week high of C$79.83. The stock has a market capitalization of C$41.68 billion and a price-to-earnings ratio of 7.32.

Imperial Oil (TSE:IMO – Get Rating) (NYSEMKT:IMO) last issued its quarterly earnings results on Wednesday, November 2nd. The company reported C$2.91 earnings per share (EPS) for the quarter, topping the consensus estimate of C$2.69 by C$0.22. The company had revenue of C$15.22 billion for the quarter, compared to analyst estimates of C$19.21 billion. During the same quarter last year, the company earned $1.29 EPS. On average, analysts anticipate that Imperial Oil will post 9.9899998 EPS for the current year.

About Imperial Oil

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Imperial Oil Limited engages in exploration, production, and sale of crude oil and natural gas in Canada. The company operates through three segments: Upstream, Downstream and Chemical segments. The Upstream segment explores for, and produces crude oil, natural gas, synthetic oil, and bitumen. As of December 31, 2021, this segment had 386 million oil-equivalent barrels of proved undeveloped reserves.