Imperial Oil Limited (TSE:IMO) – Research analysts at Raymond James Financial cut their FY2016 EPS estimates for Imperial Oil Limited in a note issued to investors on Thursday. Raymond James Financial analyst C. Cox now forecasts that the brokerage will post earnings of $0.22 per share for the year, down from their prior forecast of $0.59. Raymond James Financial currently has a “Outperform” rating on the stock. Raymond James Financial also issued estimates for Imperial Oil Limited’s Q4 2016 earnings at $0.35 EPS.
IMO has been the subject of several other research reports. JPMorgan Chase & Co. boosted their target price on Imperial Oil Limited from C$43.00 to C$45.00 in a research report on Monday, September 12th. CSFB lifted their price target on shares of Imperial Oil Limited from C$46.00 to C$48.00 and gave the company a “neutral” rating in a research note on Tuesday, August 23rd. TD Securities decreased their price target on shares of Imperial Oil Limited from C$49.00 to C$48.00 and set a “buy” rating for the company in a research note on Thursday, August 4th. Morgan Stanley lifted their price target on shares of Imperial Oil Limited from C$34.00 to C$46.00 in a research note on Monday, June 13th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and set a C$47.00 price target on shares of Imperial Oil Limited in a research note on Thursday. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of C$45.31.
Shares of Imperial Oil Limited (TSE:IMO) opened at 39.60 on Monday. Imperial Oil Limited has a 52 week low of $37.25 and a 52 week high of $46.27. The firm’s 50-day moving average price is $40.23 and its 200 day moving average price is $41.11. The stock has a market capitalization of $33.56 billion and a P/E ratio of 113.14.
The firm also recently declared a quarterly dividend, which will be paid on Saturday, October 1st. Stockholders of record on Friday, September 2nd will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.52%. The ex-dividend date is Wednesday, August 31st.
About Imperial Oil Limited
Imperial Oil Limited is an integrated oil company. The Company is engaged in the exploration for, and production and sale of, crude oil and natural gas. The Company’s operations are conducted in three segments: Upstream, Downstream and Chemical. Upstream operations include the exploration for, and production of, crude oil, natural gas, synthetic oil and bitumen.
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