Imperial Oil (TSE:IMO) (NYSEMKT:IMO) had its target price reduced by Royal Bank of Canada from C$40.00 to C$39.00 in a research note released on Thursday, BayStreet.CA reports.

Other research analysts have also recently issued reports about the stock. Goldman Sachs Group boosted their target price on shares of MEG Energy from C$6.00 to C$7.00 in a research report on Tuesday, April 16th. National Bank Financial boosted their target price on shares of Vermilion Energy from C$35.00 to C$36.00 and gave the stock an outperform rating in a research report on Tuesday, July 16th. Raymond James began coverage on shares of PennantPark Investment in a research report on Monday, April 29th. They set an outperform rating and a $8.00 target price on the stock. Canaccord Genuity reissued a buy rating and set a $7.50 target price on shares of in a research report on Tuesday, July 9th. Finally, CIBC reduced their target price on shares of WestJet Airlines from C$22.00 to C$21.00 in a research report on Tuesday, April 23rd. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company. Imperial Oil has a consensus rating of Hold and a consensus price target of C$41.62.

Shares of IMO stock opened at C$36.37 on Thursday. The firm has a market capitalization of $27.79 billion and a PE ratio of 13.82. The company has a current ratio of 1.22, a quick ratio of 0.86 and a debt-to-equity ratio of 22.62. Imperial Oil has a fifty-two week low of C$33.52 and a fifty-two week high of C$44.69. The firm’s 50 day simple moving average is C$36.44.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last posted its earnings results on Friday, April 26th. The company reported C$0.38 EPS for the quarter, missing analysts’ consensus estimates of C$0.50 by C($0.12). The firm had revenue of C$7.98 billion for the quarter, compared to analyst estimates of C$5.86 billion. On average, research analysts anticipate that Imperial Oil will post 2.6400002 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, July 1st. Investors of record on Monday, June 3rd were paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.42%. The ex-dividend date of this dividend was Friday, May 31st. This is a positive change from Imperial Oil’s previous quarterly dividend of $0.19. Imperial Oil’s payout ratio is 28.89%.

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, 2018, this segment had 404 million oil-equivalent barrels of proved undeveloped reserves.

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Analyst Recommendations for Imperial Oil (TSE:IMO)

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