Imperial Oil (IMO) to Release Quarterly Earnings on Friday

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) is set to release its earnings data before the market opens on Friday, April 26th. Analysts expect Imperial Oil to post earnings of C$2.09 per share for the quarter.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last released its earnings results on Friday, February 2nd. The company reported C$2.47 EPS for the quarter, beating analysts’ consensus estimates of C$2.08 by C$0.39. Imperial Oil had a return on equity of 21.91% and a net margin of 9.64%. The company had revenue of C$13.11 billion during the quarter, compared to the consensus estimate of C$16.57 billion.

Imperial Oil Stock Performance

TSE:IMO opened at C$96.51 on Wednesday. The firm’s fifty day simple moving average is C$90.60 and its 200-day simple moving average is C$82.25. The company has a quick ratio of 0.98, a current ratio of 1.26 and a debt-to-equity ratio of 19.49. The stock has a market cap of C$51.71 billion, a PE ratio of 11.37, a price-to-earnings-growth ratio of 0.21 and a beta of 1.84. Imperial Oil has a fifty-two week low of C$60.19 and a fifty-two week high of C$101.63.

Imperial Oil Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Monday, April 1st were given a dividend of $0.60 per share. This is a positive change from Imperial Oil’s previous quarterly dividend of $0.50. This represents a $2.40 annualized dividend and a yield of 2.49%. The ex-dividend date was Friday, March 1st. Imperial Oil’s dividend payout ratio is presently 28.27%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. ATB Capital boosted their price target on Imperial Oil from C$85.00 to C$90.00 and gave the stock a “sector perform” rating in a research note on Wednesday, March 20th. TD Securities lowered Imperial Oil from a “buy” rating to a “hold” rating and upped their target price for the company from C$87.00 to C$88.00 in a report on Thursday, February 29th. Desjardins lifted their price target on Imperial Oil from C$88.00 to C$92.00 and gave the stock a “hold” rating in a research note on Tuesday. CIBC increased their price objective on shares of Imperial Oil from C$90.00 to C$105.00 and gave the company a “neutral” rating in a research note on Monday. Finally, Royal Bank of Canada raised their target price on shares of Imperial Oil from C$85.00 to C$100.00 in a report on Tuesday, April 9th. Nine analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of C$95.69.

About Imperial Oil

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 and produces crude oil, natural gas, synthetic crude oil, and bitumen. The Downstream segment transports and refines crude oil, blends refined products, and distributes and markets of refined products.