TD Issues Positive Forecast for Imperial Oil (TSE:IMO) Stock Price

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) had its price objective hoisted by TD from C$110.00 to C$157.00 in a report issued on Thursday,BayStreet.CA reports. TD currently has a sell rating on the stock.

Several other research analysts also recently commented on IMO. TD Securities boosted their price objective on shares of 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. JPMorgan Chase & Co. boosted their price objective on shares of Imperial Oil from C$108.00 to C$155.00 in a research note on Wednesday, April 8th. National Bank Financial boosted their price objective on shares of Imperial Oil from C$139.00 to C$212.00 and gave the stock a “sector perform” rating in a research note on Tuesday, March 31st. Raymond James Financial upped their price target on shares of Imperial Oil from C$107.00 to C$126.00 in a research report on Monday, March 30th. Finally, Desjardins upped their price target on shares of Imperial Oil from C$120.00 to C$132.00 and gave the company a “sell” rating in a research report on Friday, February 20th. Four investment analysts have rated the stock with a Hold rating and six have given a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Strong Sell” and a consensus price target of C$137.58.

Imperial Oil Trading Up 0.3%

Imperial Oil stock opened at C$172.07 on Thursday. Imperial Oil has a 52 week low of C$86.39 and a 52 week high of C$185.73. The company has a debt-to-equity ratio of 19.69, a quick ratio of 0.98 and a current ratio of 1.27. The stock has a market capitalization of C$83.21 billion, a P/E ratio of 26.55, a PEG ratio of 0.21 and a beta of 0.52. The stock has a 50-day simple moving average of C$169.01 and a 200 day simple moving average of C$142.93.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last issued its quarterly earnings data 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 14.75% and a net margin of 7.02%.The company had revenue of C$11.28 billion during the quarter. Analysts expect that Imperial Oil will post 8.6164609 earnings per share for the current year.

Imperial Oil Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 1st. Stockholders of record on Wednesday, April 1st were paid a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a dividend yield of 2.0%. The ex-dividend date was Thursday, March 5th. This is an increase from Imperial Oil’s previous quarterly dividend of $0.72. 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.