Imperial Oil (NASDAQ:IMO) was upgraded by equities researchers at BidaskClub from a “hold” rating to a “buy” rating in a research note issued to investors on Tuesday, BidAskClub reports.

NASDAQ IMO opened at $27.93 on Tuesday. Imperial Oil has a 12-month low of $24.29 and a 12-month high of $34.56. The firm has a 50 day simple moving average of $27.56.

Imperial Oil (NASDAQ:IMO) last posted its quarterly earnings data on Friday, April 26th. The company reported $0.29 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.38 by ($0.09). The firm had revenue of $6 billion for the quarter, compared to the consensus estimate of $4.39 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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