UBS Group Forecasts Strong Price Appreciation for Imperial Oil (TSE:IMO) Stock

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) had its price objective boosted by equities research analysts at UBS Group from C$155.00 to C$185.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. UBS Group’s price objective would suggest a potential upside of 9.77% from the company’s previous close.

IMO has been the topic of a number of other research reports. JPMorgan Chase & Co. upped their price objective on Imperial Oil from C$99.00 to C$108.00 in a research note on Tuesday, February 3rd. Morgan Stanley raised their target price on shares of Imperial Oil from C$97.00 to C$101.00 in a research note on Thursday, November 20th. Raymond James Financial boosted their target price on shares of Imperial Oil from C$106.00 to C$107.00 and gave the stock an “underperform” rating in a report on Monday, February 2nd. TD Securities increased their price target on shares of Imperial Oil from C$101.00 to C$110.00 and gave the company a “sell” rating in a research note on Monday, February 23rd. Finally, National Bank Financial lifted their price objective on shares of Imperial Oil from C$127.00 to C$139.00 and gave the company a “sector perform” rating in a research report on Tuesday, February 3rd. Five research analysts have rated the stock with a Hold rating and six have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Strong Sell” and an average price target of C$122.45.

Imperial Oil Stock Up 1.8%

Shares of Imperial Oil stock traded up C$3.00 during trading hours on Monday, reaching C$168.54. 379,288 shares of the company’s stock were exchanged, compared to its average volume of 911,816. The stock has a market cap of C$81.50 billion, a P/E ratio of 26.01, a P/E/G ratio of 0.21 and a beta of 0.90. The company has a 50 day moving average of C$148.92 and a two-hundred day moving average of C$134.54. The company has a current ratio of 1.27, a quick ratio of 0.98 and a debt-to-equity ratio of 19.69. Imperial Oil has a fifty-two week low of C$82.98 and a fifty-two week high of C$169.40.

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