Imperial Oil (IMO) to Release Quarterly Earnings on Friday

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) is set to post its quarterly earnings results before the market opens on Friday, April 26th. Analysts expect Imperial Oil to post earnings of C$2.09 per share for the quarter.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last announced its quarterly earnings data on Friday, February 2nd. The company reported C$2.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$2.08 by C$0.39. Imperial Oil had a return on equity of 21.91% and a net margin of 9.64%. The business had revenue of C$13.11 billion during the quarter, compared to analysts’ expectations of C$16.57 billion.

Imperial Oil Stock Down 1.0 %

IMO stock opened at C$94.51 on Friday. Imperial Oil has a 1-year low of C$60.19 and a 1-year high of C$101.63. The business has a fifty day moving average price of C$89.59 and a 200-day moving average price of C$81.87. The company has a debt-to-equity ratio of 19.49, a current ratio of 1.26 and a quick ratio of 0.98. The stock has a market capitalization of C$50.64 billion, a P/E ratio of 11.13, a P/E/G ratio of 0.21 and a beta of 1.84.

Imperial Oil Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Monday, April 1st were given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 2.54%. The ex-dividend date of this dividend was Friday, March 1st. This is a boost from Imperial Oil’s previous quarterly dividend of $0.50. Imperial Oil’s dividend payout ratio is 28.27%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on IMO shares. ATB Capital upped their price objective on Imperial Oil from C$85.00 to C$90.00 and gave the stock a “sector perform” rating in a research note on Wednesday, March 20th. National Bankshares upped their price objective on Imperial Oil from C$89.00 to C$90.00 and gave the stock a “sector perform” rating in a research note on Friday, March 1st. TD Securities lowered Imperial Oil from a “buy” rating to a “hold” rating and upped their price objective for the stock from C$87.00 to C$88.00 in a research note on Thursday, February 29th. Desjardins upped their price objective on Imperial Oil from C$86.00 to C$88.00 and gave the stock a “hold” rating in a research note on Friday, March 22nd. Finally, Royal Bank of Canada increased their price target on Imperial Oil from C$85.00 to C$100.00 in a research note on Tuesday, April 9th. Nine investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of C$91.92.

About Imperial Oil

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 and produces crude oil, natural gas, synthetic crude oil, and bitumen. The Downstream segment transports and refines crude oil, blends refined products, and distributes and markets of refined products.