Imperial Oil (TSE:IMO) Price Target Raised to C$110.00 at TD Securities

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) had its price target hoisted by TD Securities from C$101.00 to C$110.00 in a report released on Monday,BayStreet.CA reports. The brokerage currently has a sell rating on the stock.

Other equities analysts have also recently issued research reports about the company. Raymond James Financial lifted their price target on Imperial Oil from C$106.00 to C$107.00 and gave the stock an “underperform” rating in a report on Monday, February 2nd. Desjardins lifted their target price on Imperial Oil from C$120.00 to C$132.00 and gave the stock a “sell” rating in a research note on Friday. National Bank Financial increased their price target on Imperial Oil from C$127.00 to C$139.00 and gave the company a “sector perform” rating in a research note on Tuesday, February 3rd. Morgan Stanley raised their price target on Imperial Oil from C$97.00 to C$101.00 in a report on Thursday, November 20th. Finally, BMO Capital Markets downgraded shares of Imperial Oil from an “outperform” rating to a “market perform” rating and decreased their price objective for the company from C$132.00 to C$129.00 in a report on Monday, December 15th. Five research analysts have rated the stock with a Hold rating and six have issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Strong Sell” and an average price target of C$116.20.

Imperial Oil Price Performance

Shares of IMO opened at C$162.50 on Monday. The company has a market cap of C$78.59 billion, a price-to-earnings ratio of 25.08, a PEG ratio of 0.21 and a beta of 0.95. 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 company’s fifty day simple moving average is C$136.58 and its 200 day simple moving average is C$130.17. Imperial Oil has a 1-year low of C$82.98 and a 1-year high of C$169.07.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last announced its quarterly earnings data on Friday, January 30th. The company reported C$1.97 EPS for the quarter. The company had revenue of C$11.28 billion during the quarter. Imperial Oil had a net margin of 10.00% and a return on equity of 21.23%. On average, research analysts forecast that Imperial Oil will post 8.6164609 earnings per share for the current fiscal year.

Imperial Oil Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 1st. Investors of record on Thursday, January 1st were paid a $0.72 dividend. The ex-dividend date was Wednesday, December 3rd. This represents a $2.88 annualized dividend and a yield of 1.8%. Imperial Oil’s payout ratio 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.