Imperial Oil (TSE:IMO) Given New C$139.00 Price Target at National Bankshares

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) had its target price raised by equities research analysts at National Bankshares from C$127.00 to C$139.00 in a report issued on Tuesday,BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. National Bankshares’ target price points to a potential downside of 3.97% from the company’s previous close.

IMO has been the topic of a number of other reports. Royal Bank Of Canada decreased their price target on Imperial Oil from C$118.00 to C$116.00 and set a “sector perform” rating on the stock in a research note on Tuesday, January 13th. JPMorgan Chase & Co. raised their target price on shares of Imperial Oil from C$99.00 to C$108.00 in a research note on Tuesday. Cibc World Mkts lowered Imperial Oil from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 14th. Desjardins lifted their price target on shares of Imperial Oil from C$114.00 to C$120.00 and gave the stock a “sell” rating in a research note on Monday, November 24th. Finally, Raymond James Financial lifted their price objective on Imperial Oil from C$106.00 to C$107.00 and gave the stock an “underperform” rating in a report on Monday. Six research analysts have rated the stock with a Hold rating and six have given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Reduce” and an average target price of C$114.60.

Imperial Oil Price Performance

TSE:IMO traded up C$4.48 during mid-day trading on Tuesday, hitting C$144.75. 610,817 shares of the company’s stock traded hands, compared to its average volume of 991,503. Imperial Oil has a 1 year low of C$82.98 and a 1 year high of C$144.91. The company has a market cap of C$70.00 billion, a PE ratio of 18.49, a price-to-earnings-growth ratio of 0.21 and a beta of 0.89. The company has a debt-to-equity ratio of 18.04, a quick ratio of 0.98 and a current ratio of 1.44. The firm’s 50 day simple moving average is C$128.57 and its 200 day simple moving average is C$125.62.

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

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.