National Bank Financial Boosts Imperial Oil (NYSEAMERICAN:IMO) Price Target to C$78.00

Imperial Oil (NYSEAMERICAN:IMOGet Rating) (TSE:IMO) had its price target lifted by National Bank Financial from C$70.00 to C$78.00 in a research note published on Thursday morning, The Fly reports.

Several other analysts also recently issued reports on the stock. Scotiabank boosted their target price on shares of Imperial Oil from C$52.00 to C$56.00 in a research note on Thursday, January 13th. Bank of America started coverage on shares of Imperial Oil in a research note on Monday, January 10th. They set a buy rating and a $47.00 target price on the stock. The Goldman Sachs Group raised shares of Imperial Oil from a neutral rating to a buy rating in a research note on Friday, February 11th. BMO Capital Markets boosted their target price on shares of Imperial Oil from C$60.00 to C$65.00 in a research note on Monday, March 14th. Finally, Raymond James boosted their target price on shares of Imperial Oil from C$55.00 to C$57.00 in a research note on Wednesday, March 2nd. Nine analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, Imperial Oil currently has an average rating of Hold and an average price target of $52.93.

Shares of NYSEAMERICAN:IMO opened at $50.81 on Thursday. Imperial Oil has a one year low of $23.94 and a one year high of $51.75. The firm has a market cap of $34.00 billion, a PE ratio of 78.17, a P/E/G ratio of 0.31 and a beta of 1.70. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.32 and a quick ratio of 1.09.

Imperial Oil (NYSEAMERICAN:IMOGet Rating) (TSE:IMO) last announced its quarterly earnings data on Tuesday, February 1st. The energy company reported $0.94 EPS for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.13). Imperial Oil had a net margin of 1.81% and a return on equity of 8.06%. The company had revenue of $12.31 billion for the quarter, compared to analyst estimates of $10.82 billion. During the same quarter last year, the company posted ($1.56) EPS. Imperial Oil’s revenue was up 104.1% on a year-over-year basis. On average, equities research analysts expect that Imperial Oil will post 2.92 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, April 1st. Stockholders of record on Thursday, March 3rd were issued a dividend of $0.2673 per share. This is a boost from Imperial Oil’s previous quarterly dividend of $0.22. This represents a $1.07 annualized dividend and a dividend yield of 2.10%. The ex-dividend date was Wednesday, March 2nd. Imperial Oil’s payout ratio is currently 164.62%.

Large investors have recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. bought a new stake in Imperial Oil in the fourth quarter worth $25,000. AlphaCentric Advisors LLC bought a new stake in Imperial Oil in the fourth quarter worth $69,000. Huntington National Bank boosted its holdings in Imperial Oil by 42.3% in the third quarter. Huntington National Bank now owns 2,748 shares of the energy company’s stock worth $87,000 after purchasing an additional 817 shares in the last quarter. Advisor Group Holdings Inc. boosted its holdings in Imperial Oil by 494.6% in the fourth quarter. Advisor Group Holdings Inc. now owns 4,822 shares of the energy company’s stock worth $174,000 after purchasing an additional 4,011 shares in the last quarter. Finally, qPULA Trading Management LP bought a new stake in Imperial Oil in the third quarter worth $207,000. Hedge funds and other institutional investors own 20.97% of the company’s stock.

About Imperial Oil (Get Rating)

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.

Featured Stories

The Fly logo

Analyst Recommendations for Imperial Oil (NYSEAMERICAN:IMO)

Receive News & Ratings for Imperial Oil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Imperial Oil and related companies with MarketBeat.com's FREE daily email newsletter.