Imperial Oil (TSE:IMO) Price Target Raised to C$214.00 at National Bank Financial

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) had its price objective boosted by research analysts at National Bank Financial from C$212.00 to C$214.00 in a report released on Wednesday,BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. National Bank Financial’s target price indicates a potential upside of 25.29% from the company’s current price.

IMO has been the subject of a number of other research reports. Raymond James Financial increased their target price on Imperial Oil from C$107.00 to C$126.00 in a report on Monday, March 30th. Royal Bank Of Canada lifted their target price on shares of Imperial Oil from C$116.00 to C$124.00 and gave the stock an “underperform” rating in a research note on Wednesday, April 8th. Scotiabank upgraded shares of Imperial Oil to a “hold” rating in a research report on Friday, June 26th. TD cut their price objective on shares of Imperial Oil from C$157.00 to C$156.00 and set a “sell” rating for the company in a report on Wednesday, May 13th. Finally, UBS Group boosted their target price on Imperial Oil from C$155.00 to C$185.00 in a report on Monday, March 16th. Five equities research analysts have rated the stock with a Hold rating and six have given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Strong Sell” and an average price target of C$137.17.

Imperial Oil Price Performance

Shares of IMO stock traded up C$5.39 during trading hours on Wednesday, hitting C$170.80. 282,878 shares of the company’s stock were exchanged, compared to its average volume of 798,495. Imperial Oil has a fifty-two week low of C$108.10 and a fifty-two week high of C$191.76. The firm has a market cap of C$82.60 billion, a P/E ratio of 28.95, a P/E/G ratio of 0.21 and a beta of 0.39. The company has a quick ratio of 0.98, a current ratio of 1.23 and a debt-to-equity ratio of 18.53. The firm has a 50 day moving average of C$171.12 and a two-hundred day moving average of C$159.78.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last issued its quarterly 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 during the quarter. Imperial Oil had a net margin of 6.13% and a return on equity of 13.38%. Sell-side analysts forecast that Imperial Oil will post 8.6164609 EPS for the current year.

Insider Transactions at Imperial Oil

In other Imperial Oil news, insider Ian Robert Laing sold 4,100 shares of the company’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of C$176.63, for a total transaction of C$724,183.00. Insiders sold a total of 6,569 shares of company stock valued at $1,144,955 over the last 90 days. 71.26% of the stock is owned by insiders.

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.