Imperial Oil (TSE:IMO) Stock Rating Lowered by Raymond James Financial

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) was downgraded by equities research analysts at Raymond James Financial from a “hold” rating to a “strong sell” rating in a report released on Monday, Marketbeat Ratings reports. They currently have a C$111.00 price objective on the stock, up from their previous price objective of C$110.00. Raymond James Financial’s target price would indicate a potential downside of 11.69% from the company’s current price.

IMO has been the topic of several other research reports. Desjardins lifted their price objective on shares of Imperial Oil from C$114.00 to C$120.00 and gave the stock a “sell” rating in a research note on Monday, November 24th. TD Securities raised their target price on shares of Imperial Oil from C$104.00 to C$107.00 and gave the stock a “sell” rating in a report on Tuesday, November 4th. Morgan Stanley lifted their price target on shares of Imperial Oil from C$97.00 to C$101.00 in a research report on Thursday, November 20th. Royal Bank Of Canada upped their price target on Imperial Oil from C$115.00 to C$117.00 and gave the company a “sector perform” rating in a report on Tuesday, October 7th. Finally, CIBC downgraded Imperial Oil from a “neutral” rating to an “underperform” rating and increased their price objective for the company from C$108.00 to C$110.00 in a research report on Wednesday, October 15th. Five analysts have rated the stock with a Hold rating and six have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Strong Sell” and a consensus price target of C$110.67.

Imperial Oil Stock Up 0.1%

Shares of IMO stock opened at C$125.70 on Monday. Imperial Oil has a 1 year low of C$82.98 and a 1 year high of C$141.17. The company has a debt-to-equity ratio of 18.04, a quick ratio of 0.98 and a current ratio of 1.44. The business’s fifty day moving average is C$129.48 and its 200-day moving average is C$120.12. The stock has a market cap of C$62.46 billion, a PE ratio of 16.05, a price-to-earnings-growth ratio of 0.21 and a beta of 1.04.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last announced its earnings results on Friday, October 31st. The company reported C$2.17 earnings per share for the quarter. The business had revenue of C$11.99 billion during the quarter. Imperial Oil had a return on equity of 21.23% and a net margin of 10.00%. Equities analysts expect that Imperial Oil will post 8.6164609 earnings per share for the current fiscal year.

About Imperial Oil

Imperial Oil is one of Canada’s largest integrated oil companies, focusing on upstream operations, petroleum refining operations, and the marketing of petroleum products. Production averaged 398 thousand barrels of oil equivalent per day in 2020. The company estimates that it holds 5.2 billion boe of proved and probable crude oil and natural gas reserves.