Weekly Research Analysts’ Ratings Updates for Imperial Oil (IMO)

A number of research firms have changed their ratings and price targets for Imperial Oil (TSE: IMO):

• 5/1/2024 – Imperial Oil had its price target raised by analysts at Royal Bank of Canada from C$100.00 to C$105.00. They now have a “sector perform” rating on the stock.
• 4/30/2024 – Imperial Oil had its price target raised by analysts at TD Securities from C$89.00 to C$91.00. They now have a “hold” rating on the stock.
• 4/23/2024 – Imperial Oil had its price target raised by analysts at Desjardins from C$88.00 to C$92.00. They now have a “hold” rating on the stock.
• 4/22/2024 – Imperial Oil had its price target raised by analysts at CIBC from C$90.00 to C$105.00. They now have a “neutral” rating on the stock.
• 4/19/2024 – Imperial Oil had its price target raised by analysts at National Bankshares, Inc. from C$90.00 to C$120.00. They now have a “sector perform” rating on the stock.
• 4/9/2024 – Imperial Oil had its price target raised by analysts at Royal Bank of Canada from C$85.00 to C$100.00.
• 3/28/2024 – Imperial Oil had its price target raised by analysts at BMO Capital Markets from C$95.00 to C$115.00.
• 3/22/2024 – Imperial Oil had its price target raised by analysts at CIBC from C$85.00 to C$90.00. They now have a “neutral” rating on the stock.
• 3/22/2024 – Imperial Oil had its price target raised by analysts at Desjardins from C$86.00 to C$88.00. They now have a “hold” rating on the stock.
• 3/20/2024 – Imperial Oil had its price target raised by analysts at ATB Capital from C$85.00 to C$90.00. They now have a “sector perform” rating on the stock.
• 3/4/2024 – Imperial Oil had its price target raised by analysts at Desjardins from C$77.00 to C$86.00. They now have a “hold” rating on the stock.

Imperial Oil Stock Performance

Shares of IMO stock traded up C$0.53 during trading hours on Thursday, hitting C$93.23. The stock had a trading volume of 370,575 shares, compared to its average volume of 862,780. The firm has a market capitalization of C$49.96 billion, a PE ratio of 10.98, a PEG ratio of 0.21 and a beta of 1.84. Imperial Oil Limited has a twelve month low of C$60.19 and a twelve month high of C$101.63. The stock’s 50 day moving average is C$92.41 and its 200 day moving average is C$82.84. The company has a debt-to-equity ratio of 19.49, a current ratio of 1.26 and a quick ratio of 0.98.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last posted its quarterly earnings data on Friday, February 2nd. The company reported C$2.47 earnings per share for the quarter, beating the consensus estimate of C$2.08 by C$0.39. The business had revenue of C$13.11 billion during the quarter, compared to the consensus estimate of C$16.57 billion. Imperial Oil had a return on equity of 21.91% and a net margin of 9.64%. As a group, research analysts forecast that Imperial Oil Limited will post 8.4369527 earnings per share for the current fiscal year.

Imperial Oil Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Monday, June 3rd will be issued a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 2.57%. The ex-dividend date is Friday, May 31st. Imperial Oil’s payout ratio is currently 28.27%.

Imperial Oil Limited engages in exploration, production, and sale of crude oil and natural gas in Canada. The company operates through three segments: Upstream, Downstream and Chemical segments. The Upstream segment explores and produces crude oil, natural gas, synthetic crude oil, and bitumen. The Downstream segment transports and refines crude oil, blends refined products, and distributes and markets of refined products.