Imperial Oil (TSE:IMO) Reaches New 1-Year High – Here’s Why

Imperial Oil Limited (TSE:IMO) (NYSEMKT:IMO) reached a new 52-week high during trading on Friday. The company traded as high as C$192.40 and last traded at C$191.76, with a volume of 1,088,139 shares trading hands. The stock had previously closed at C$183.62.

Trending Headlines about Imperial Oil

Here are the key news stories impacting Imperial Oil this week:

• Positive Sentiment: Q3 earnings beat estimates: Imperial Oil reported quarterly EPS of C$5.11 and revenue of approximately C$16.20 billion. The profit result exceeded market expectations and helped support the stock’s advance. Imperial Oil beats profit estimates on stronger refining margins
• Positive Sentiment: Refining margins drove results: Stronger refining margins produced record downstream earnings, offsetting potential pressure from other parts of the business and demonstrating the profitability of Imperial Oil’s refining operations. Imperial Oil Q3 2026: Record Downstream Earnings Drive an EPS Beat
• Positive Sentiment: Net profit surged and a dividend was declared: The earnings release highlighted a substantial increase in quarterly net profit and included a dividend declaration, reinforcing the company’s shareholder-return profile. Imperial Oil Q3 Net Profit Soars; Declares Dividend
• Neutral Sentiment: Results were closely watched: Pre-release coverage focused on analyst estimates and the importance of refining performance, but those concerns were largely resolved by the reported earnings beat. Imperial Oil stock enters Q3 release with estimates under scrutiny

Wall Street Analysts Forecast Growth

IMO has been the topic of several recent analyst reports. ATB Cormark Capital Markets raised their price objective on Imperial Oil from C$140.00 to C$175.00 and gave the company a “sector perform” rating in a research note on Thursday, October 22nd. Raymond James Financial upped their target price on shares of Imperial Oil from C$130.00 to C$140.00 and gave the stock an “underperform” rating in a research note on Wednesday, September 16th. Scotia reduced their target price on shares of Imperial Oil from C$159.00 to C$156.00 and set a “sector perform” rating for the company in a research note on Wednesday, August 5th. JPMorgan Chase & Co. increased their target price on shares of Imperial Oil from C$149.00 to C$158.00 in a report on Tuesday, July 14th. Finally, TD raised their price target on shares of Imperial Oil from C$150.00 to C$151.00 and gave the company a “sell” rating in a research report on Wednesday, August 5th. Six analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Reduce” and an average price target of C$152.83.

Imperial Oil Stock Up 5.4%

The stock has a fifty day moving average of C$181.71 and a 200 day moving average of C$171.74. The firm has a market capitalization of C$93.57 billion, a P/E ratio of 22.60, a price-to-earnings-growth ratio of 0.21 and a beta of 0.62. The company has a debt-to-equity ratio of 17.11, a current ratio of 1.38 and a quick ratio of 0.98.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last announced its quarterly earnings data on Friday, October 30th. The company reported C$5.11 earnings per share (EPS) for the quarter. The firm had revenue of C$16.20 billion during the quarter. Imperial Oil had a return on equity of 26.06% and a net margin of 10.85%. On average, research analysts anticipate that Imperial Oil Limited will post 8.62 EPS for the current fiscal year.

Imperial Oil Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Stockholders of record on Thursday, October 1st were paid a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date was Friday, September 4th. Imperial Oil’s payout ratio is presently 37.15%.

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.