Imperial Oil (IMO) Given Underperform Rating at Raymond James

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Raymond James restated their underperform rating on shares of Imperial Oil (TSE:IMO) (NYSEMKT:IMO) in a report released on Monday morning. The firm currently has a C$44.00 price objective on the stock.

IMO has been the subject of several other reports. GMP Securities downgraded Imperial Oil from a buy rating to a hold rating and lowered their price target for the company from C$49.00 to C$38.00 in a report on Thursday, December 13th. JPMorgan Chase & Co. lowered their price target on Imperial Oil from C$51.00 to C$47.00 in a report on Tuesday, December 11th. Barclays upgraded Imperial Oil from an equal weight rating to an overweight rating and increased their price target for the company from C$52.00 to C$54.00 in a report on Monday, November 12th. CIBC increased their price target on Imperial Oil from C$39.00 to C$41.00 in a report on Thursday, November 8th. Finally, Morgan Stanley lowered their price target on Imperial Oil from C$52.00 to C$51.00 in a report on Tuesday, November 20th. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of Hold and a consensus target price of C$42.07.

Shares of TSE IMO opened at C$36.19 on Monday. Imperial Oil has a 12-month low of C$33.43 and a 12-month high of C$44.91. The firm has a market capitalization of $28.64 billion and a P/E ratio of 12.65. The company has a debt-to-equity ratio of 21.64, a current ratio of 1.20 and a quick ratio of 0.81.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 1st. Shareholders of record on Monday, March 4th will be given a $0.19 dividend. The ex-dividend date is Friday, March 1st. This represents a $0.76 dividend on an annualized basis and a yield of 2.10%. Imperial Oil’s payout ratio is currently 24.48%.

About Imperial Oil

Imperial Oil Limited explores for, produces, and sells crude oil and natural gas in Canada. The company operates through three segments: Upstream, Downstream, and Chemical. The Upstream segment explores for and produces crude oil, natural gas, synthetic oil, and bitumen. As of December 31, 2017, this segment had 450 million oil-equivalent barrels of proved undeveloped reserves.

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Analyst Recommendations for Imperial Oil (TSE:IMO)

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