Imperial Oil Ltd (NYSEAMERICAN:IMO) (TSE:IMO) – National Bank Financial boosted their FY2018 earnings per share (EPS) estimates for Imperial Oil in a research note issued on Wednesday, November 7th. National Bank Financial analyst T. Wood now anticipates that the energy company will earn $1.69 per share for the year, up from their prior forecast of $1.49. National Bank Financial also issued estimates for Imperial Oil’s FY2019 earnings at $1.71 EPS.

IMO has been the topic of a number of other reports. BMO Capital Markets reissued an “average” rating and set a $48.00 price target on shares of Imperial Oil in a research note on Thursday. TheStreet raised Imperial Oil from a “c” rating to a “b-” rating in a research note on Friday, October 5th. GMP Securities raised Imperial Oil from a “hold” rating to a “buy” rating in a research note on Thursday. Goldman Sachs Group raised Imperial Oil from a “sell” rating to a “buy” rating in a research note on Friday, October 19th. Finally, Canaccord Genuity raised Imperial Oil from a “hold” rating to a “buy” rating in a research note on Tuesday, October 16th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $45.25.

Imperial Oil stock opened at $31.05 on Friday. Imperial Oil has a 12-month low of $25.91 and a 12-month high of $34.56.

Imperial Oil (NYSEAMERICAN:IMO) (TSE:IMO) last released its earnings results on Friday, November 2nd. The energy company reported $0.75 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.08. The business had revenue of $9.73 billion during the quarter, compared to the consensus estimate of $10.67 billion. During the same quarter in the prior year, the firm earned $0.44 EPS. The business’s revenue was up 36.0% on a year-over-year basis.

Several institutional investors have recently bought and sold shares of the stock. Bridgewater Associates LP lifted its stake in Imperial Oil by 95.4% in the second quarter. Bridgewater Associates LP now owns 148,070 shares of the energy company’s stock valued at $4,919,000 after buying an additional 72,298 shares during the period. Toronto Dominion Bank lifted its stake in Imperial Oil by 78.8% in the second quarter. Toronto Dominion Bank now owns 1,558,572 shares of the energy company’s stock valued at $52,534,000 after buying an additional 686,675 shares during the period. Dimensional Fund Advisors LP lifted its stake in Imperial Oil by 26.8% in the second quarter. Dimensional Fund Advisors LP now owns 1,019,745 shares of the energy company’s stock valued at $33,907,000 after buying an additional 215,434 shares during the period. Fiera Capital Corp lifted its stake in Imperial Oil by 7.0% in the second quarter. Fiera Capital Corp now owns 939,531 shares of the energy company’s stock valued at $31,234,000 after buying an additional 61,760 shares during the period. Finally, Legal & General Group Plc lifted its stake in Imperial Oil by 6.9% in the second quarter. Legal & General Group Plc now owns 1,171,883 shares of the energy company’s stock valued at $38,930,000 after buying an additional 75,395 shares during the period.

About Imperial Oil

Imperial Oil Limited explores for, produces, and sells crude oil and natural gas in Canada. The company 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, 2017, this segment had 450 million oil-equivalent barrels of proved undeveloped reserves.

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