Lowers Imperial Oil (NYSE:IMO) to Hold

Imperial Oil (NYSE:IMOGet Rating) was downgraded by from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday.

IMO has been the subject of a number of other reports. Credit Suisse Group lifted their price target on shares of Imperial Oil from $51.00 to $56.00 and gave the stock a “neutral” rating in a report on Tuesday, March 8th. The Goldman Sachs Group upgraded shares of Imperial Oil to a “buy” rating and lifted their price target for the stock from $56.00 to $63.00 in a report on Friday, February 11th.

NYSE:IMO opened at $51.64 on Thursday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.41 and a quick ratio of 1.21. The company’s 50-day simple moving average is $46.29. Imperial Oil has a twelve month low of $23.94 and a twelve month high of $51.76. The stock has a market cap of $34.55 billion, a P/E ratio of 18.51, a P/E/G ratio of 0.29 and a beta of 1.67.

Imperial Oil (NYSE:IMOGet Rating) last posted its earnings results on Tuesday, February 1st. The company reported $0.94 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.07 by ($0.13). Imperial Oil had a net margin of 6.59% and a return on equity of 11.56%. The business had revenue of $9.77 billion for the quarter, compared to analysts’ expectations of $10.24 billion. As a group, sell-side analysts predict that Imperial Oil will post 5.92 EPS for the current year.

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.

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