JPMorgan Chase & Co. Has Lowered Expectations for Imperial Oil (TSE:IMO) Stock Price

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) had its price objective lowered by investment analysts at JPMorgan Chase & Co. from C$155.00 to C$149.00 in a note issued to investors on Monday,BayStreet.CA reports. JPMorgan Chase & Co.‘s target price points to a potential downside of 16.28% from the company’s previous close.

A number of other research firms also recently commented on IMO. Royal Bank Of Canada upped their price objective on Imperial Oil from C$116.00 to C$124.00 and gave the stock an “underperform” rating in a report on Wednesday, April 8th. TD upped their price objective on Imperial Oil from C$110.00 to C$157.00 and gave the stock a “sell” rating in a report on Thursday, April 16th. Raymond James Financial upped their price objective on Imperial Oil from C$107.00 to C$126.00 in a report on Monday, March 30th. TD Securities upped their price objective on Imperial Oil from C$101.00 to C$110.00 and gave the stock a “sell” rating in a report on Monday, February 23rd. Finally, Desjardins increased their price target on Imperial Oil from C$120.00 to C$132.00 and gave the company a “sell” rating in a report on Friday, February 20th. Four investment analysts have rated the stock with a Hold rating and six have issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Strong Sell” and an average target price of C$137.08.

Imperial Oil Trading Up 1.9%

Shares of IMO stock traded up C$3.38 on Monday, reaching C$177.98. 343,206 shares of the stock were exchanged, compared to its average volume of 869,735. The stock has a market cap of C$86.07 billion, a P/E ratio of 27.47, a price-to-earnings-growth ratio of 0.21 and a beta of 0.65. 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 firm has a 50 day moving average of C$171.45 and a two-hundred day moving average of C$146.53. Imperial Oil has a 1-year low of C$92.10 and a 1-year high of C$185.73.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last released its quarterly earnings data on Friday, May 1st. The company reported C$1.94 EPS for the quarter. The business had revenue of C$12.42 billion during the quarter. Imperial Oil had a return on equity of 13.18% and a net margin of 6.27%. On average, research analysts anticipate that Imperial Oil will post 8.6164609 EPS for the current year.

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.