Imperial Oil Limited (TSE:IMO) Receives C$56.06 Average PT from Analysts

Shares of Imperial Oil Limited (TSE:IMOGet Rating) (NYSEMKT:IMO) have been assigned a consensus rating of “Hold” from the nineteen research firms that are covering the company, Marketbeat reports. Seven analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is C$57.28.

A number of analysts have recently commented on the company. TD Securities lowered their price target on Imperial Oil from C$52.00 to C$48.00 and set a “hold” rating for the company in a research note on Thursday, February 24th. Tudor Pickering upped their price target on Imperial Oil to C$56.00 and gave the company a “hold” rating in a research note on Tuesday, January 11th. National Bank Financial increased their target price on Imperial Oil from C$50.00 to C$58.00 and gave the stock a “sector perform” rating in a research note on Thursday, January 6th. BMO Capital Markets increased their target price on Imperial Oil from C$60.00 to C$65.00 in a research note on Monday, March 14th. Finally, ATB Capital increased their target price on Imperial Oil from C$48.00 to C$53.00 and gave the stock a “buy” rating in a research note on Wednesday, February 2nd.

TSE:IMO traded down C$0.13 on Monday, hitting C$63.99. 583,100 shares of the stock were exchanged, compared to its average volume of 1,667,875. The stock has a market capitalization of C$42.82 billion and a price-to-earnings ratio of 18.39. Imperial Oil has a 52 week low of C$30.64 and a 52 week high of C$65.50. The company has a debt-to-equity ratio of 24.96, a quick ratio of 1.08 and a current ratio of 1.41. The company’s 50-day moving average price is C$57.96 and its 200 day moving average price is C$49.46.

Imperial Oil (TSE:IMOGet Rating) (NYSEMKT:IMO) last announced its quarterly earnings data on Tuesday, February 1st. The company reported C$1.18 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of C$1.35 by C($0.17). The business had revenue of C$12.31 billion during the quarter, compared to analysts’ expectations of C$12.99 billion. As a group, equities research analysts predict that Imperial Oil will post 7.6467641 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, April 1st. Shareholders of record on Thursday, March 3rd were given a dividend of $0.34 per share. The ex-dividend date of this dividend was Wednesday, March 2nd. This represents a $1.36 dividend on an annualized basis and a yield of 2.13%. This is an increase from Imperial Oil’s previous quarterly dividend of $0.27. Imperial Oil’s dividend payout ratio is 29.60%.

Imperial Oil Company Profile (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.

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Analyst Recommendations for Imperial Oil (TSE:IMO)

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