Imperial Oil (TSE:IMO) Shares Pass Below Two Hundred Day Moving Average of $61.75

Imperial Oil Limited (TSE:IMOGet Rating) (NYSEMKT:IMO) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$61.75 and traded as low as C$61.19. Imperial Oil shares last traded at C$61.44, with a volume of 1,460,144 shares traded.

Analysts Set New Price Targets

Several analysts recently commented on the stock. TD Securities raised shares of Imperial Oil from a “hold” rating to a “buy” rating and set a C$73.00 target price for the company in a research note on Tuesday, August 16th. The Goldman Sachs Group reduced their price objective on Imperial Oil from C$76.00 to C$72.00 in a research note on Monday, August 15th. CSFB set a C$72.00 target price on Imperial Oil and gave the stock a “neutral” rating in a research report on Thursday, August 11th. Credit Suisse Group reiterated a “neutral” rating and issued a C$72.00 price target on shares of Imperial Oil in a research report on Thursday, August 11th. Finally, Raymond James boosted their price objective on Imperial Oil from C$65.00 to C$71.00 and gave the stock a “market perform” rating in a report on Tuesday, July 5th. Ten equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, Imperial Oil presently has a consensus rating of “Hold” and an average price target of C$68.82.

Imperial Oil Stock Performance

The company has a current ratio of 1.18, a quick ratio of 0.96 and a debt-to-equity ratio of 24.45. The firm’s fifty day moving average price is C$59.76 and its 200 day moving average price is C$61.75. The firm has a market capitalization of C$39.12 billion and a PE ratio of 7.88.

Imperial Oil (TSE:IMOGet Rating) (NYSEMKT:IMO) last issued its earnings results on Friday, July 29th. The company reported C$3.63 earnings per share for the quarter, topping the consensus estimate of C$3.25 by C$0.38. The firm had revenue of C$17.31 billion during the quarter, compared to analyst estimates of C$22.09 billion. On average, research analysts anticipate that Imperial Oil Limited will post 10.9360466 earnings per share for the current year.

Imperial Oil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, October 1st. Investors of record on Friday, September 2nd will be given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 2.21%. The ex-dividend date of this dividend is Thursday, September 1st. Imperial Oil’s payout ratio is presently 15.64%.

About Imperial Oil

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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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