Imperial Oil (TSE:IMO) Price Target Raised to C$124.00 at Royal Bank Of Canada

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) had its price objective hoisted by Royal Bank Of Canada from C$116.00 to C$124.00 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. The firm currently has an “underperform” rating on the stock. Royal Bank Of Canada’s target price indicates a potential downside of 30.59% from the stock’s current price.

Several other research analysts have also issued reports on IMO. JPMorgan Chase & Co. raised their target price on shares of Imperial Oil from C$108.00 to C$155.00 in a research note on Wednesday. Desjardins lifted their price objective on shares of Imperial Oil from C$120.00 to C$132.00 and gave the stock a “sell” rating in a research note on Friday, February 20th. TD Securities lifted their price objective on shares of Imperial Oil from C$101.00 to C$110.00 and gave the stock a “sell” rating in a research note on Monday, February 23rd. National Bank Financial lifted their price objective on shares of Imperial Oil from C$139.00 to C$212.00 and gave the stock a “sector perform” rating in a research note on Tuesday, March 31st. Finally, BMO Capital Markets lowered shares of Imperial Oil from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from C$132.00 to C$129.00 in a research note on Monday, December 15th. Four equities research analysts have rated the stock with a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat, Imperial Oil presently has a consensus rating of “Strong Sell” and a consensus price target of C$135.82.

Imperial Oil Trading Down 3.1%

Shares of TSE IMO traded down C$5.72 during mid-day trading on Wednesday, hitting C$178.66. The company’s stock had a trading volume of 705,947 shares, compared to its average volume of 929,377. The stock has a market cap of C$86.40 billion, a price-to-earnings ratio of 27.57, a price-to-earnings-growth ratio of 0.21 and a beta of 0.52. The company has a debt-to-equity ratio of 19.69, a current ratio of 1.27 and a quick ratio of 0.98. Imperial Oil has a one year low of C$82.98 and a one year high of C$185.73. The company’s fifty day simple moving average is C$164.44 and its 200-day simple moving average is C$140.81.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last issued its earnings results on Friday, January 30th. The company reported C$1.97 earnings per share (EPS) for the quarter. The company had revenue of C$11.28 billion for the quarter. Imperial Oil had a net margin of 7.02% and a return on equity of 14.75%. On average, sell-side analysts anticipate that Imperial Oil will post 8.6164609 earnings per share for the current fiscal 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.