TD Has Lowered Expectations for Imperial Oil (TSE:IMO) Stock Price

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) had its price target decreased by analysts at TD from C$156.00 to C$150.00 in a report released on Wednesday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. TD’s price objective suggests a potential downside of 15.57% from the company’s previous close.

Several other research firms also recently commented on IMO. Royal Bank Of Canada boosted 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 report on Wednesday, April 8th. Desjardins set a C$160.00 price target on shares of Imperial Oil and gave the stock a “hold” rating in a research note on Friday, July 17th. Scotiabank raised shares of Imperial Oil to a “hold” rating in a report on Friday, June 26th. Raymond James Financial raised their price objective on Imperial Oil from C$107.00 to C$126.00 in a research report on Monday, March 30th. Finally, JPMorgan Chase & Co. lifted their target price on Imperial Oil from C$149.00 to C$158.00 in a report on Tuesday, July 14th. One investment analyst has rated the stock with a Buy rating, six have assigned a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Reduce” and a consensus price target of C$142.45.

Imperial Oil Price Performance

Shares of Imperial Oil stock traded up C$2.07 during trading hours on Wednesday, hitting C$177.66. The company’s stock had a trading volume of 229,120 shares, compared to its average volume of 785,296. The company has a market cap of C$85.92 billion, a PE ratio of 30.11, a PEG ratio of 0.21 and a beta of 0.39. The company has a debt-to-equity ratio of 18.53, a quick ratio of 0.98 and a current ratio of 1.23. The business has a 50 day moving average price of C$170.11 and a two-hundred day moving average price of C$163.61. Imperial Oil has a 12-month low of C$113.00 and a 12-month high of C$191.76.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last released its earnings results on Friday, May 1st. The company reported C$1.94 earnings per share (EPS) for the quarter. The firm had revenue of C$12.42 billion during the quarter. Imperial Oil had a return on equity of 13.38% and a net margin of 6.13%. Analysts expect that Imperial Oil will post 8.6164609 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Imperial Oil news, insider Ian Robert Laing sold 4,100 shares of Imperial Oil stock in a transaction on Monday, May 11th. The shares were sold at an average price of C$176.63, for a total transaction of C$724,183.00. Insiders have sold 6,569 shares of company stock worth $1,144,955 over the last ninety 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.