Analysts Set Imperial Oil Limited (TSE:IMO) Price Target at C$114.60

Shares of Imperial Oil Limited (TSE:IMO) (NYSEMKT:IMO) have earned an average recommendation of “Reduce” from the eleven ratings firms that are presently covering the company, MarketBeat.com reports. Five analysts have rated the stock with a sell rating and six have given a hold rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is C$114.60.

A number of equities research analysts have recently weighed in on IMO shares. Canadian Imperial Bank of Commerce lowered Imperial Oil from a “neutral” rating to an “underperform” rating and lifted their price objective for the stock from C$108.00 to C$110.00 in a research report on Wednesday, October 15th. Raymond James Financial lifted their price target on shares of Imperial Oil from C$106.00 to C$107.00 and gave the company an “underperform” rating in a report on Monday, February 2nd. BMO Capital Markets downgraded shares of Imperial Oil from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from C$132.00 to C$129.00 in a research report on Monday, December 15th. TD Securities decreased their price objective on shares of Imperial Oil from C$107.00 to C$106.00 in a report on Tuesday, December 16th. Finally, Morgan Stanley raised their price objective on shares of Imperial Oil from C$97.00 to C$101.00 in a report on Thursday, November 20th.

Imperial Oil Stock Performance

Shares of TSE:IMO opened at C$162.24 on Monday. The company has a current ratio of 1.44, a quick ratio of 0.98 and a debt-to-equity ratio of 18.04. The company has a 50-day moving average price of C$130.78 and a 200-day moving average price of C$127.46. The company has a market cap of C$78.46 billion, a price-to-earnings ratio of 25.04, a price-to-earnings-growth ratio of 0.21 and a beta of 0.95. Imperial Oil has a 12 month low of C$82.98 and a 12 month high of C$162.48.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last posted its earnings results on Friday, January 30th. The company reported C$1.97 earnings per share (EPS) for the quarter. Imperial Oil had a return on equity of 21.23% and a net margin of 10.00%. As a group, equities analysts anticipate that Imperial Oil will post 8.6164609 EPS for the current year.

Imperial Oil Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 1st. Stockholders of record on Thursday, January 1st were issued a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend was Wednesday, December 3rd. Imperial Oil’s dividend payout ratio (DPR) is presently 44.44%.

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.