Imperial Oil (IMO) Upgraded by CSFB to “Neutral”

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CSFB upgraded shares of Imperial Oil (TSE:IMO) (NYSEMKT:IMO) from an underperform rating to a neutral rating in a research note published on Thursday morning. They currently have C$39.00 price objective on the stock, up from their prior price objective of C$38.00.

Other analysts have also recently issued reports about the company. Barclays cut their price objective on Imperial Oil from C$54.00 to C$46.00 in a research report on Thursday, January 10th. JPMorgan Chase & Co. lowered their price target on Imperial Oil from C$47.00 to C$46.00 in a research note on Wednesday, January 9th. Morgan Stanley lowered their price target on Imperial Oil from C$52.00 to C$51.00 in a research note on Tuesday, November 20th. GMP Securities lowered their price target on Imperial Oil from C$38.00 to C$37.00 in a research note on Monday, February 4th. Finally, CIBC lowered their price target on Imperial Oil from C$41.00 to C$35.00 in a research note on Friday, February 1st. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of Hold and a consensus target price of C$41.57.

Imperial Oil stock opened at C$36.76 on Thursday. The company has a market capitalization of $28.54 billion and a PE ratio of 12.85. Imperial Oil has a 12 month low of C$33.43 and a 12 month high of C$44.91. The company has a debt-to-equity ratio of 21.26, a current ratio of 1.35 and a quick ratio of 0.89.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last posted its quarterly earnings data on Friday, February 1st. The company reported C$1.08 EPS for the quarter, beating the Zacks’ consensus estimate of C$0.94 by C$0.14. The business had revenue of C$7.89 billion during the quarter, compared to analysts’ expectations of C$11 billion. As a group, equities analysts predict that Imperial Oil will post 2.86999962063223 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 1st. Shareholders of record on Monday, March 4th will be paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date of this dividend is Friday, March 1st. Imperial Oil’s dividend payout ratio (DPR) is currently 25.52%.

Imperial Oil Company Profile

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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