Imperial Oil (TSE:IMO) Given New C$69.00 Price Target at Citigroup

Imperial Oil (TSE:IMOGet Rating) (NYSEMKT:IMO) had its target price increased by equities research analysts at Citigroup from C$47.00 to C$69.00 in a research report issued on Friday, MarketBeat Ratings reports. The firm presently has a “sector perform” rating on the stock. Citigroup’s target price suggests a potential upside of 1.78% from the company’s previous close.

IMO has been the subject of a number of other reports. Tudor Pickering boosted 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. TD Securities lowered their price target on Imperial Oil from C$52.00 to C$48.00 and set a “hold” rating on the stock in a report on Thursday, February 24th. ATB Capital boosted their price target on Imperial Oil from C$48.00 to C$53.00 and gave the stock a “buy” rating in a report on Wednesday, February 2nd. Raymond James boosted their price target on Imperial Oil from C$57.00 to C$65.00 and gave the stock a “market perform” rating in a report on Friday, March 25th. Finally, National Bankshares lowered their price target on Imperial Oil from C$78.00 to C$70.00 in a report on Thursday, April 14th. Ten equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Imperial Oil has an average rating of “Hold” and an average price target of C$59.58.

IMO traded down C$0.25 on Friday, reaching C$67.79. The company had a trading volume of 1,832,954 shares, compared to its average volume of 1,628,167. Imperial Oil has a 52-week low of C$30.64 and a 52-week high of C$69.55. 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 business has a 50 day simple moving average of C$59.84 and a 200 day simple moving average of C$51.61. The company has a market cap of C$45.36 billion and a price-to-earnings ratio of 19.55.

Imperial Oil (TSE:IMOGet Rating) (NYSEMKT:IMO) last released its quarterly earnings results on Tuesday, February 1st. The company reported C$1.18 earnings per share for the quarter, missing the consensus estimate of C$1.35 by C($0.17). The company had revenue of C$12.31 billion for the quarter, compared to analyst estimates of C$12.99 billion. As a group, equities research analysts predict that Imperial Oil will post 7.7100001 EPS for the current fiscal 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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