Imperial Oil (TSE:IMO) PT Set at C$160.00 by Desjardins

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) received a C$160.00 price objective from research analysts at Desjardins in a research note issued on Friday, MarketBeat Ratings reports. The brokerage currently has a “hold” rating on the stock. Desjardins’ price target points to a potential downside of 6.92% from the company’s current price.

Other analysts have also issued research reports about the stock. Royal Bank Of Canada lifted their price objective on shares of Imperial Oil from C$116.00 to C$124.00 and gave the stock an “underperform” rating in a research report on Wednesday, April 8th. Scotiabank upgraded shares of Imperial Oil to a “hold” rating in a research note on Friday, June 26th. Raymond James Financial increased their target price on shares of Imperial Oil from C$107.00 to C$126.00 in a research report on Monday, March 30th. TD decreased their price target on shares of Imperial Oil from C$157.00 to C$156.00 and set a “sell” rating for the company in a research note on Wednesday, May 13th. Finally, National Bank Financial lifted their price target on shares of Imperial Oil from C$212.00 to C$214.00 and gave the stock a “sector perform” rating in a report on Wednesday, July 8th. Six investment analysts have rated the stock with a Hold rating and five have issued a Sell rating to the stock. Based on data from MarketBeat, Imperial Oil has a consensus rating of “Reduce” and a consensus target price of C$143.00.

Imperial Oil Trading Up 2.1%

Shares of Imperial Oil stock opened at C$171.89 on Friday. Imperial Oil has a 1 year low of C$111.68 and a 1 year high of C$191.76. The firm has a market cap of C$83.12 billion, a PE ratio of 29.13, a P/E/G ratio of 0.21 and a beta of 0.39. The stock has a fifty day moving average price of C$170.35 and a 200-day moving average price of C$162.52. The company has a debt-to-equity ratio of 18.53, a current ratio of 1.23 and a quick ratio of 0.98.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last released its earnings results on Friday, May 1st. The company reported C$1.94 EPS for the quarter. The company had revenue of C$12.42 billion for the quarter. Imperial Oil had a return on equity of 13.38% and a net margin of 6.13%. Equities research analysts anticipate that Imperial Oil will post 8.6164609 EPS for the current year.

Insider Buying and Selling

In other Imperial Oil news, insider Ian Robert Laing sold 4,100 shares of the firm’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of C$176.63, for a total value of C$724,183.00. In the last ninety days, insiders sold 6,569 shares of company stock valued at $1,144,955. 71.26% of the stock is owned by company insiders.

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.