Desjardins Boosts Imperial Oil (TSE:IMO) Price Target to C$92.00

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) had its target price raised by Desjardins from C$88.00 to C$92.00 in a research note issued to investors on Tuesday, BayStreet.CA reports. Desjardins currently has a hold rating on the stock.

A number of other research analysts have also recently commented on IMO. National Bankshares boosted their price objective on Imperial Oil from C$90.00 to C$120.00 and gave the stock a sector perform rating in a research note on Friday, April 19th. JPMorgan Chase & Co. dropped their target price on Imperial Oil from C$97.00 to C$94.00 in a research report on Monday, February 12th. ATB Capital lifted their target price on Imperial Oil from C$85.00 to C$90.00 and gave the stock a sector perform rating in a research report on Wednesday, March 20th. BMO Capital Markets lifted their target price on Imperial Oil from C$95.00 to C$115.00 in a research report on Thursday, March 28th. Finally, CIBC lifted their target price on Imperial Oil from C$90.00 to C$105.00 and gave the stock a neutral rating in a research report on Monday. Nine equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Imperial Oil presently has a consensus rating of Hold and a consensus price target of C$95.69.

Imperial Oil Price Performance

Shares of Imperial Oil stock opened at C$96.51 on Tuesday. Imperial Oil has a twelve month low of C$60.19 and a twelve month high of C$101.63. The stock has a market capitalization of C$51.71 billion, a P/E ratio of 11.37, a PEG ratio of 0.21 and a beta of 1.84. The company has a current ratio of 1.26, a quick ratio of 0.98 and a debt-to-equity ratio of 19.49. The business’s fifty day moving average price is C$90.60 and its 200 day moving average price is C$82.25.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last issued its earnings results on Friday, February 2nd. The company reported C$2.47 earnings per share 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 firm had revenue of C$13.11 billion for the quarter, compared to analysts’ expectations of C$16.57 billion. As a group, research analysts anticipate that Imperial Oil will post 8.4369527 earnings per share for the current year.

Imperial Oil Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Monday, April 1st were given a dividend of $0.60 per share. The ex-dividend date was Friday, March 1st. This is an increase from Imperial Oil’s previous quarterly dividend of $0.50. This represents a $2.40 annualized dividend and a dividend yield of 2.49%. Imperial Oil’s payout ratio is currently 28.27%.

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.