Imperial Oil (TSE:IMO) Price Target Increased to C$56.00 by Analysts at Tudor Pickering

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) had its price objective raised by Tudor Pickering to C$56.00 in a report published on Tuesday, Stock Target Advisor reports. Tudor Pickering currently has a hold rating on the stock.

Other analysts have also issued research reports about the stock. Credit Suisse Group lifted their target price on shares of Imperial Oil to C$51.00 and gave the stock a hold rating in a report on Thursday, January 6th. Royal Bank of Canada reissued an outperform rating and set a C$51.00 price target on shares of Imperial Oil in a research report on Monday, December 20th. Scotiabank raised shares of Imperial Oil from a sector perform rating to a buy rating and boosted their price target for the stock from C$48.00 to C$51.00 in a research report on Friday, November 19th. CIBC boosted their price objective on shares of Imperial Oil from C$48.00 to C$50.00 and gave the stock a na rating in a research note on Friday, October 15th. Finally, The Goldman Sachs Group boosted their price objective on shares of Imperial Oil from C$42.00 to C$47.00 and gave the stock a neutral rating in a research note on Tuesday, October 19th. Thirteen investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Imperial Oil currently has a consensus rating of Hold and an average target price of C$48.12.

Shares of Imperial Oil stock opened at C$50.98 on Tuesday. The company has a debt-to-equity ratio of 25.74, a current ratio of 1.33 and a quick ratio of 0.97. The firm has a market cap of C$35.46 billion and a P/E ratio of 71.10. The firm has a 50 day simple moving average of C$44.70 and a 200 day simple moving average of C$39.49. Imperial Oil has a fifty-two week low of C$24.01 and a fifty-two week high of C$51.19.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last released its earnings results on Friday, October 29th. The company reported C$1.29 EPS for the quarter, missing analysts’ consensus estimates of C$1.30 by C($0.01). The business had revenue of C$10.23 billion for the quarter, compared to analysts’ expectations of C$11.17 billion. On average, sell-side analysts expect that Imperial Oil will post 5.3200001 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Saturday, January 1st. Shareholders of record on Friday, December 3rd were given a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 2.12%. The ex-dividend date of this dividend was Thursday, December 2nd. Imperial Oil’s dividend payout ratio is 136.68%.

Imperial Oil Company Profile

Imperial Oil Limited explores for, produces, and sells crude oil and natural gas in Canada. It 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, 2020, this segment had 138 million oil-equivalent barrels of proved undeveloped reserves.

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Analyst Recommendations for Imperial Oil (TSE:IMO)

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