Imperial Oil (TSE:IMO) Stock Gets Price Target Boost from TD

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) had its target price boosted by equities researchers at TD from C$158.00 to C$164.00 in a research report issued on Tuesday, BayStreet reports. The brokerage presently has a “sell” rating on the stock. TD‘s target price would indicate a potential downside of 12.57% from the company’s previous close.

IMO has been the topic of several other research reports. JPMorgan Chase & Co. lifted their price objective on shares of Imperial Oil from C$149.00 to C$158.00 in a research note on Tuesday, July 14th. National Bank Financial upped their target price on shares of Imperial Oil from C$207.00 to C$213.00 and gave the company a “sector perform” rating in a research note on Tuesday, October 20th. Raymond James Financial increased 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 report on Wednesday, September 16th. Scotia reduced their price target on shares of Imperial Oil from C$159.00 to C$156.00 and set a “sector perform” rating on the stock in a research report on Wednesday, August 5th. Finally, Desjardins boosted their price target on shares of Imperial Oil from C$165.00 to C$172.00 and gave the company a “hold” rating in a report on Tuesday, October 20th. Six investment analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus price target of C$153.92.

Imperial Oil Trading Up 0.2%

Shares of Imperial Oil stock traded up C$0.29 during trading on Tuesday, reaching C$187.57. 327,595 shares of the company were exchanged, compared to its average volume of 833,459. The company has a quick ratio of 0.98, a current ratio of 1.38 and a debt-to-equity ratio of 17.11. Imperial Oil has a twelve month low of C$114.75 and a twelve month high of C$194.17. The business has a 50-day moving average price of C$181.66 and a 200-day moving average price of C$172.01. The firm has a market capitalization of C$90.71 billion, a price-to-earnings ratio of 21.91, a P/E/G ratio of 0.21 and a beta of 0.62.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last issued its earnings results on Friday, October 30th. The company reported C$5.11 earnings per share (EPS) for the quarter. The firm had revenue of C$16.18 billion for the quarter. Imperial Oil had a return on equity of 26.06% and a net margin of 10.85%. Sell-side analysts anticipate that Imperial Oil will post 8.62 EPS for the current fiscal year.

Imperial Oil Company Profile

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.