JPMorgan Chase & Co. Issues Positive Forecast for Imperial Oil (TSE:IMO) Stock Price

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) had its target price raised by JPMorgan Chase & Co. from C$99.00 to C$108.00 in a report issued on Tuesday,BayStreet.CA reports.

Several other analysts have also commented on the company. BMO Capital Markets lowered Imperial Oil from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from C$132.00 to C$129.00 in a report on Monday, December 15th. Raymond James Financial lifted their price target on shares of Imperial Oil from C$106.00 to C$107.00 and gave the company an “underperform” rating in a research note on Monday. Desjardins upped 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 report on Monday, November 24th. Cibc World Mkts lowered shares of Imperial Oil from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 14th. Finally, Royal Bank Of Canada cut their target price on shares of Imperial Oil from C$118.00 to C$116.00 and set a “sector perform” rating for the company in a research note on Tuesday, January 13th. Six investment analysts have rated the stock with a Hold rating and six have given a Sell rating to the stock. According to data from MarketBeat, Imperial Oil has an average rating of “Reduce” and an average target price of C$114.60.

Imperial Oil Stock Up 3.9%

IMO opened at C$145.70 on Tuesday. The company has a fifty day moving average of C$128.73 and a two-hundred day moving average of C$125.85. The stock has a market capitalization of C$70.46 billion, a price-to-earnings ratio of 22.48, a PEG ratio of 0.21 and a beta of 0.95. Imperial Oil has a fifty-two week low of C$82.98 and a fifty-two week high of C$146.13. The company has a debt-to-equity ratio of 18.04, a quick ratio of 0.98 and a current ratio of 1.44.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last posted its earnings results on Friday, January 30th. The company reported C$1.97 EPS for the quarter. Imperial Oil had a return on equity of 21.23% and a net margin of 10.00%. On average, research analysts expect that Imperial Oil will post 8.6164609 earnings per share for the current year.

Imperial Oil Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 1st. Stockholders of record on Thursday, January 1st were paid a $0.72 dividend. This represents a $2.88 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend was Wednesday, December 3rd. Imperial Oil’s dividend payout ratio (DPR) is currently 44.44%.

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. Imperial remains the largest refiner of petroleum products in Canada, operating three refineries with a combined processing capacity of 421 mboe/d.