Imperial Oil (TSE:IMO) Given New C$212.00 Price Target at National Bank Financial

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) had its price objective hoisted by National Bank Financial from C$139.00 to C$212.00 in a research report sent to investors on Tuesday,BayStreet.CA reports. The firm currently has a sector perform rating on the stock.

A number of other brokerages also recently weighed in on IMO. Royal Bank Of Canada downgraded shares of Imperial Oil from a “sector perform” rating to an “underperform” rating and set a C$116.00 target price on the stock. in a report on Monday, February 23rd. UBS Group increased their price target on shares of Imperial Oil from C$155.00 to C$185.00 in a research note on Monday, March 16th. 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 research report on Monday, December 15th. Desjardins boosted their price objective on shares of Imperial Oil from C$120.00 to C$132.00 and gave the stock a “sell” rating in a research note on Friday, February 20th. Finally, TD Securities upped their target price on shares of Imperial Oil from C$101.00 to C$110.00 and gave the company a “sell” rating in a report on Monday, February 23rd. Four research analysts have rated the stock with a Hold rating and five have assigned a Sell rating to the company’s stock. According to MarketBeat, Imperial Oil currently has an average rating of “Strong Sell” and a consensus price target of C$130.82.

Imperial Oil Stock Up 0.9%

IMO stock opened at C$182.21 on Tuesday. The company has a quick ratio of 0.98, a current ratio of 1.27 and a debt-to-equity ratio of 19.69. The business has a 50 day moving average price of C$160.16 and a two-hundred day moving average price of C$138.97. The company has a market cap of C$88.12 billion, a price-to-earnings ratio of 28.12, a P/E/G ratio of 0.21 and a beta of 0.90. Imperial Oil has a twelve month low of C$82.98 and a twelve month high of C$185.13.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last posted its quarterly earnings results on Friday, January 30th. The company reported C$1.97 earnings per share for the quarter. Imperial Oil had a return on equity of 14.75% and a net margin of 7.02%.The firm had revenue of C$11.28 billion for the quarter. 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. Investors of record on Wednesday, April 1st will be paid a $0.87 dividend. This is a boost from Imperial Oil’s previous quarterly dividend of $0.72. The ex-dividend date is Thursday, March 5th. This represents a $3.48 dividend on an annualized basis and a yield of 1.9%. 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.