Imperial Oil Limited (TSE:IMO) Stock Has Consensus Target Price of C$149.36

Imperial Oil Limited (TSE:IMO) (NYSEMKT:IMO) has earned an average rating of “Reduce” from the nine ratings firms that are presently covering the firm, Marketbeat Ratings reports. Four investment analysts have rated the stock with a sell rating and five have given a hold rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is C$150.82.

Several brokerages have recently issued reports on IMO. UBS Group lifted their target price on shares of Imperial Oil from C$195.00 to C$205.00 in a research report on Monday, September 14th. Scotia reduced their price target on shares of Imperial Oil from C$159.00 to C$156.00 and set a “sector perform” rating for the company in a research report on Wednesday, August 5th. TD upped their price target on shares of Imperial Oil from C$150.00 to C$151.00 and gave the stock a “sell” rating in a research report on Wednesday, August 5th. National Bank Financial raised their price target on shares of Imperial Oil from C$207.00 to C$213.00 and gave the company a “sector perform” rating in a research note on Tuesday. Finally, JPMorgan Chase & Co. lifted their price objective on Imperial Oil from C$149.00 to C$158.00 in a report on Tuesday, July 14th.

Imperial Oil Trading Up 0.2%

Shares of TSE:IMO opened at C$190.53 on Friday. Imperial Oil has a 1 year low of C$114.75 and a 1 year high of C$192.40. The firm has a market capitalization of C$92.14 billion, a price-to-earnings ratio of 22.26, a price-to-earnings-growth ratio of 0.21 and a beta of 0.62. The company has a debt-to-equity ratio of 17.11, a current ratio of 1.38 and a quick ratio of 0.98. The business’s 50 day moving average price is C$181.65 and its 200-day moving average price is C$176.22.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last issued its quarterly earnings results on Friday, July 31st. The company reported C$4.52 EPS for the quarter. The company had revenue of C$15.98 billion during the quarter. Imperial Oil had a net margin of 7.81% and a return on equity of 18.76%. On average, equities research analysts forecast that Imperial Oil will post 8.62 earnings per share for the current fiscal year.

Imperial Oil Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Thursday, October 1st were issued a dividend of $0.87 per share. The ex-dividend date of this dividend was Friday, September 4th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 1.8%. Imperial Oil’s dividend payout ratio is presently 37.15%.

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.