Imperial Oil Limited (TSE:IMO) Stock Has Average Target Price of C$146.08

Shares of Imperial Oil Limited (TSE:IMO) (NYSEMKT:IMO) have been assigned a consensus recommendation of “Reduce” from the ten analysts that are presently covering the company, MarketBeat.com reports. Five investment analysts have rated the stock with a sell rating and five have issued a hold rating on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is C$146.08.

Several equities analysts have recently commented on the company. Scotia lowered their price objective on Imperial Oil from C$159.00 to C$156.00 and set a “sector perform” rating on the stock in a research report on Wednesday, August 5th. UBS Group increased their target price on Imperial Oil from C$195.00 to C$205.00 in a research report on Monday, September 14th. Scotiabank raised Imperial Oil to a “hold” rating in a research note on Friday, June 26th. National Bank Financial lowered their price target on Imperial Oil from C$214.00 to C$209.00 and set a “sector perform” rating on the stock in a report on Wednesday, August 5th. Finally, Raymond James Financial boosted their price target on Imperial Oil from C$130.00 to C$140.00 and gave the stock an “underperform” rating in a report on Wednesday, September 16th.

Imperial Oil Price Performance

Shares of TSE:IMO opened at C$176.31 on Tuesday. The company has a debt-to-equity ratio of 17.11, a current ratio of 1.38 and a quick ratio of 0.98. Imperial Oil has a 1-year low of C$114.75 and a 1-year high of C$191.76. The company has a market capitalization of C$85.26 billion, a P/E ratio of 20.60, a P/E/G ratio of 0.21 and a beta of 0.41. The firm’s 50 day simple moving average is C$181.17 and its two-hundred day simple moving average is C$175.36.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last announced its quarterly earnings data on Friday, July 31st. The company reported C$4.52 earnings per share (EPS) for the quarter. Imperial Oil had a net margin of 7.81% and a return on equity of 18.76%. The firm had revenue of C$15.98 billion during the quarter. Research analysts expect that Imperial Oil will post 8.6164609 EPS for the current fiscal year.

Imperial Oil Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Thursday, October 1st will be given a dividend of $0.87 per share. The ex-dividend date is Friday, September 4th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.0%. Imperial Oil’s dividend payout ratio is currently 37.15%.

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.