Imperial Oil Limited (TSE:IMO) Given Consensus Rating of “Reduce” by Brokerages

Imperial Oil Limited (TSE:IMO) (NYSEMKT:IMO) has been given a consensus recommendation of “Reduce” by the eleven analysts that are covering the firm, Marketbeat.com reports. Five analysts have rated the stock with a sell rating and six have issued a hold rating on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is C$114.60.

A number of equities analysts have commented on IMO shares. Royal Bank Of Canada cut their price objective 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 report on Tuesday, January 13th. Morgan Stanley increased their price target on shares of Imperial Oil from C$97.00 to C$101.00 in a report on Thursday, November 20th. JPMorgan Chase & Co. raised their price objective on shares of Imperial Oil from C$99.00 to C$108.00 in a research report on Tuesday, February 3rd. Raymond James Financial boosted their target price on Imperial Oil from C$106.00 to C$107.00 and gave the stock an “underperform” rating in a research report on Monday, February 2nd. Finally, BMO Capital Markets cut Imperial Oil from an “outperform” rating to a “market perform” rating and reduced their price target for the company from C$132.00 to C$129.00 in a report on Monday, December 15th.

Imperial Oil Stock Up 3.5%

Imperial Oil stock opened at C$153.68 on Monday. Imperial Oil has a twelve month low of C$82.98 and a twelve month high of C$153.93. The stock has a 50 day moving average of C$129.43 and a two-hundred day moving average of C$126.65. The company has a current ratio of 1.44, a quick ratio of 0.98 and a debt-to-equity ratio of 18.04. The stock has a market capitalization of C$74.32 billion, a price-to-earnings ratio of 23.72, a PEG ratio of 0.21 and a beta of 0.95.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last released its earnings results on Friday, January 30th. The company reported C$1.97 earnings per share (EPS) for the quarter. Imperial Oil had a return on equity of 21.23% and a net margin of 10.00%. As a group, 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 announced a quarterly dividend, which was paid on Thursday, January 1st. Shareholders of record on Thursday, January 1st were issued a $0.72 dividend. The ex-dividend date of this dividend was Wednesday, December 3rd. This represents a $2.88 dividend on an annualized basis and a yield of 1.9%. Imperial Oil’s dividend payout ratio (DPR) is 44.44%.

Imperial Oil Company Profile

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.