Imperial Oil (TSE:IMO) Price Target Raised to C$185.00 at UBS Group

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) had its price objective raised by UBS Group from C$155.00 to C$185.00 in a report issued on Monday morning,BayStreet.CA reports.

Several other equities research analysts have also commented on the company. National Bank Financial boosted their price target on Imperial Oil from C$127.00 to C$139.00 and gave the stock a “sector perform” rating in a research note on Tuesday, February 3rd. Royal Bank Of Canada cut Imperial Oil from a “sector perform” rating to an “underperform” rating and set a C$116.00 price objective for the company. in a report on Monday, February 23rd. JPMorgan Chase & Co. boosted their target price on Imperial Oil from C$99.00 to C$108.00 in a research report on Tuesday, February 3rd. Raymond James Financial upped their target price on Imperial Oil from C$106.00 to C$107.00 and gave the company an “underperform” rating in a report on Monday, February 2nd. Finally, TD Securities raised their price target on Imperial Oil from C$101.00 to C$110.00 and gave the company a “sell” rating in a research report on Monday, February 23rd. Five equities research analysts have rated the stock with a Hold rating and six have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Strong Sell” and a consensus target price of C$122.45.

Imperial Oil Stock Up 2.1%

Shares of TSE IMO opened at C$169.00 on Monday. The stock has a market capitalization of C$81.73 billion, a price-to-earnings ratio of 26.08, a price-to-earnings-growth ratio of 0.21 and a beta of 0.90. Imperial Oil has a 52 week low of C$82.98 and a 52 week high of C$169.40. The firm has a 50-day moving average price of C$149.89 and a 200 day moving average price of C$134.86. The company has a quick ratio of 0.98, a current ratio of 1.27 and a debt-to-equity ratio of 19.69.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last issued its earnings results on Friday, January 30th. The company reported C$1.97 earnings per share for the quarter. Imperial Oil had a net margin of 7.02% and a return on equity of 14.75%. The company had revenue of C$11.28 billion for the quarter. Equities research analysts anticipate that Imperial Oil will post 8.6164609 EPS for the current fiscal year.

Imperial Oil Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Wednesday, April 1st will be given a $0.87 dividend. This is a boost from Imperial Oil’s previous quarterly dividend of $0.72. This represents a $3.48 annualized dividend and a dividend yield of 2.1%. The ex-dividend date is Thursday, March 5th. 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.