Analysts Set Imperial Oil Limited (TSE:IMO) Target Price at C$142.45

Imperial Oil Limited (TSE:IMO) (NYSEMKT:IMO) has received an average recommendation of “Reduce” from the ten research firms that are presently covering the firm, MarketBeat reports. Five research analysts have rated the stock with a sell rating and five have issued a hold rating on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is C$143.25.

A number of brokerages recently weighed in on IMO. Scotia lowered their price objective on shares of 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. TD lifted their price objective on Imperial Oil from C$150.00 to C$151.00 and gave the company a “sell” rating in a research report on Wednesday, August 5th. Scotiabank raised shares of Imperial Oil to a “hold” rating in a report on Friday, June 26th. JPMorgan Chase & Co. upped their price target on Imperial Oil from C$149.00 to C$158.00 in a research note on Tuesday, July 14th. Finally, Desjardins set a C$160.00 price objective on Imperial Oil and gave the company a “hold” rating in a research report on Friday, July 17th.

Imperial Oil Stock Performance

TSE IMO opened at C$174.21 on Monday. The company has a quick ratio of 0.98, a current ratio of 1.38 and a debt-to-equity ratio of 17.11. Imperial Oil has a twelve month low of C$114.02 and a twelve month high of C$191.76. The firm has a market capitalization of C$84.25 billion, a PE ratio of 20.35, a P/E/G ratio of 0.21 and a beta of 0.40. The stock’s 50 day moving average is C$169.93 and its 200 day moving average is C$168.33.

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 for the quarter. The business had revenue of C$15.98 billion for the quarter. Imperial Oil had a net margin of 7.81% and a return on equity of 18.76%. Research analysts forecast that Imperial Oil will post 8.6164609 earnings per share for the current fiscal year.

Imperial Oil Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 1st. Shareholders of record on Wednesday, July 1st were issued a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a yield of 2.0%. The ex-dividend date was Thursday, June 4th. Imperial Oil’s dividend payout ratio is presently 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.