Imperial Oil (NASDAQ:IMO) Upgraded by BidaskClub to “Buy”

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BidaskClub upgraded shares of Imperial Oil (NASDAQ:IMO) from a hold rating to a buy rating in a research note issued to investors on Thursday, BidAskClub reports.

NASDAQ:IMO opened at $27.55 on Thursday. Imperial Oil has a 12-month low of $23.71 and a 12-month high of $34.56. The stock has a fifty day moving average price of $25.30 and a 200 day moving average price of $27.21.

Imperial Oil (NASDAQ:IMO) last posted its quarterly earnings results on Friday, August 2nd. The company reported $0.66 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.06. The business had revenue of $6.92 billion during the quarter, compared to analyst estimates of $6.66 billion.

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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