Imperial Oil (TSE:IMO) Price Target Raised to C$213.00

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) had its price target upped by National Bank Financial from C$207.00 to C$213.00 in a research report report published on Tuesday,BayStreet reports. They currently have a sector perform rating on the stock.

Several other research firms have also commented on IMO. JPMorgan Chase & Co. boosted their price objective on shares of Imperial Oil from C$149.00 to C$158.00 in a research note on Tuesday, July 14th. Scotia decreased their target price on shares of Imperial Oil from C$159.00 to C$156.00 and set a “sector perform” rating for the company in a research report on Wednesday, August 5th. Desjardins set a C$160.00 target price on shares of Imperial Oil and gave the company a “hold” rating in a research note on Friday, July 17th. TD lifted their price target on shares of Imperial Oil from C$150.00 to C$151.00 and gave the stock a “sell” rating in a report on Wednesday, August 5th. Finally, UBS Group lifted their price target on shares of Imperial Oil from C$195.00 to C$205.00 in a report on Monday, September 14th. Six analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat.com, Imperial Oil has a consensus rating of “Reduce” and an average price target of C$152.83.

Imperial Oil Stock Performance

Shares of Imperial Oil stock opened at C$184.78 on Tuesday. The company has a market capitalization of C$89.36 billion, a PE ratio of 21.59, a P/E/G ratio of 0.21 and a beta of 0.62. The company has a 50-day simple moving average of C$181.65 and a two-hundred day simple moving average of C$176.24. Imperial Oil has a one year low of C$114.75 and a one year high of C$192.40. The company has a debt-to-equity ratio of 17.11, a quick ratio of 0.98 and a current ratio of 1.38.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last released its quarterly earnings results on Friday, July 31st. The company reported C$4.52 earnings per share for the quarter. Imperial Oil had a net margin of 7.81% and a return on equity of 18.76%. The business had revenue of C$15.98 billion for the quarter. Research analysts expect that Imperial Oil will post 8.62 EPS for the current fiscal year.

Imperial Oil Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Stockholders of record on Thursday, October 1st were paid a dividend of $0.87 per share. The ex-dividend date was Friday, September 4th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 1.9%. Imperial Oil’s payout ratio is presently 37.15%.

About Imperial Oil

Imperial Oil is one of Canada’s largest integrated oil companies, focusing on upstream operations, petroleum refining operations, and the marketing of petroleum products. Production averaged 398 thousand barrels of oil equivalent per day in 2020. The company estimates that it holds 5.2 billion boe of proved and probable crude oil and natural gas reserves. Imperial remains the largest refiner of petroleum products in Canada, operating three refineries with a combined processing capacity of 421 mboe/d.