Imperial Oil Limited (TSE:IMO) Receives Consensus Recommendation of “Hold” from Analysts

Imperial Oil Limited (TSE:IMO) (NYSEMKT:IMO) has been given a consensus recommendation of “Hold” by the eleven ratings firms that are presently covering the stock, MarketBeat reports. Nine analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is C$95.69.

A number of research firms have recently weighed in on IMO. BMO Capital Markets raised their price target on Imperial Oil from C$95.00 to C$115.00 in a research note on Thursday, March 28th. Desjardins raised their price objective on Imperial Oil from C$88.00 to C$92.00 and gave the company a “hold” rating in a research note on Tuesday, April 23rd. TD Securities downgraded Imperial Oil from a “buy” rating to a “hold” rating and raised their price objective for the company from C$87.00 to C$88.00 in a research note on Thursday, February 29th. CIBC raised their price objective on Imperial Oil from C$90.00 to C$105.00 and gave the company a “neutral” rating in a research note on Monday, April 22nd. Finally, ATB Capital raised their price objective on Imperial Oil from C$85.00 to C$90.00 and gave the company a “sector perform” rating in a research note on Wednesday, March 20th.

Imperial Oil Trading Up 0.7 %

Shares of TSE IMO opened at C$97.22 on Tuesday. Imperial Oil has a one year low of C$60.19 and a one year high of C$101.63. The firm has a market capitalization of C$52.09 billion, a PE ratio of 11.45, 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 has a 50-day moving average price of C$91.90 and a two-hundred day moving average price of C$82.69.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last announced its quarterly earnings data on Friday, February 2nd. The company reported C$2.47 EPS for the quarter, topping 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 during the quarter, compared to analyst estimates of C$16.57 billion. As a group, analysts predict that Imperial Oil will post 8.4369527 earnings per share for the current fiscal year.

Imperial Oil Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Monday, June 3rd will be paid a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 2.47%. The ex-dividend date is Monday, June 3rd. Imperial Oil’s dividend payout ratio is 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.