Imperial Oil (TSE:IMO) Given New C$91.00 Price Target at TD Securities

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) had its target price upped by TD Securities from C$89.00 to C$91.00 in a research note published on Tuesday, BayStreet.CA reports. They currently have a hold rating on the stock.

Other equities analysts also recently issued research reports about the stock. JPMorgan Chase & Co. cut their price objective on shares of Imperial Oil from C$97.00 to C$94.00 in a report on Monday, February 12th. ATB Capital upped their price target on shares of Imperial Oil from C$85.00 to C$90.00 and gave the company a sector perform rating in a research note on Wednesday, March 20th. BMO Capital Markets lifted their price objective on shares of Imperial Oil from C$95.00 to C$115.00 in a research note on Thursday, March 28th. Royal Bank of Canada upped their target price on Imperial Oil from C$85.00 to C$100.00 in a research report on Tuesday, April 9th. Finally, 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 report on Tuesday, April 23rd. Nine equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of Hold and a consensus price target of C$95.92.

Imperial Oil Price Performance

TSE IMO opened at C$94.65 on Tuesday. The firm’s fifty day simple moving average is C$92.20 and its two-hundred day simple moving average is C$82.77. The firm has a market capitalization of C$50.72 billion, a P/E ratio of 11.15, a P/E/G ratio of 0.21 and a beta of 1.84. The company has a current ratio of 1.26, a quick ratio of 0.98 and a debt-to-equity ratio of 19.49. Imperial Oil has a 12-month low of C$60.19 and a 12-month high of C$101.63.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last announced its earnings results on Friday, February 2nd. The company reported C$2.47 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of C$13.11 billion for the quarter, compared to the consensus estimate of C$16.57 billion. Analysts forecast that Imperial Oil will post 8.4369527 EPS for the current fiscal year.

Imperial Oil Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Monday, June 3rd will be issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 2.54%. The ex-dividend date is Monday, June 3rd. Imperial Oil’s dividend payout ratio (DPR) is 28.27%.

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.