National Bank Financial Increases Imperial Oil (TSE:IMO) Price Target to C$214.00

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) had its price target increased by research analysts at National Bank Financial from C$212.00 to C$214.00 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. National Bank Financial’s price target suggests a potential upside of 25.29% from the company’s current price.

A number of other equities research analysts also recently commented on the stock. Raymond James Financial increased their price objective on shares of Imperial Oil from C$107.00 to C$126.00 in a research report on Monday, March 30th. Royal Bank Of Canada boosted their target price on shares of Imperial Oil from C$116.00 to C$124.00 and gave the stock an “underperform” rating in a research note on Wednesday, April 8th. JPMorgan Chase & Co. dropped their target price on Imperial Oil from C$155.00 to C$149.00 in a report on Monday, May 4th. Scotiabank upgraded Imperial Oil to a “hold” rating in a research note on Friday, June 26th. Finally, TD lowered their price objective on Imperial Oil from C$157.00 to C$156.00 and set a “sell” rating for the company in a research report on Wednesday, May 13th. Five research analysts have rated the stock with a Hold rating and six have assigned a Sell rating to the company’s stock. According to MarketBeat, Imperial Oil has an average rating of “Strong Sell” and an average price target of C$137.17.

Imperial Oil Stock Up 3.3%

Shares of TSE:IMO traded up C$5.39 during trading on Wednesday, hitting C$170.80. The company’s stock had a trading volume of 282,878 shares, compared to its average volume of 798,495. Imperial Oil has a fifty-two week low of C$108.10 and a fifty-two week high of C$191.76. The business has a 50 day moving average price of C$171.12 and a two-hundred day moving average price of C$159.78. The company has a debt-to-equity ratio of 18.53, a quick ratio of 0.98 and a current ratio of 1.23. The company has a market capitalization of C$82.60 billion, a PE ratio of 28.95, a P/E/G ratio of 0.21 and a beta of 0.39.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last released its earnings results on Friday, May 1st. The company reported C$1.94 EPS for the quarter. Imperial Oil had a return on equity of 13.38% and a net margin of 6.13%.The firm had revenue of C$12.42 billion during the quarter. As a group, research analysts expect that Imperial Oil will post 8.6164609 EPS for the current fiscal year.

Insider Activity at Imperial Oil

In related news, insider Ian Robert Laing sold 4,100 shares of Imperial Oil stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of C$176.63, for a total value of C$724,183.00. Over the last ninety days, insiders sold 6,569 shares of company stock valued at $1,144,955. 71.26% of the stock is owned by company insiders.

About Imperial Oil

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.