Imperial Oil Limited (NYSEAMERICAN:IMO – Get Free Report) (TSE:IMO) has been given an average rating of “Hold” by the six research firms that are presently covering the stock, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $99.50.
A number of equities research analysts have recently issued reports on IMO shares. StockNews.com lowered shares of Imperial Oil from a “buy” rating to a “hold” rating in a research note on Wednesday, August 28th. Scotiabank reissued a “sector perform” rating and issued a $110.00 price target on shares of Imperial Oil in a report on Wednesday, September 25th. Finally, Wolfe Research initiated coverage on Imperial Oil in a research report on Thursday, July 18th. They issued an “outperform” rating and a $108.00 target price on the stock.
View Our Latest Research Report on Imperial Oil
Institutional Investors Weigh In On Imperial Oil
Imperial Oil Trading Up 1.3 %
IMO opened at $76.13 on Monday. Imperial Oil has a 52-week low of $52.97 and a 52-week high of $80.17. The company has a market cap of $40.23 billion, a price-to-earnings ratio of 10.85 and a beta of 1.44. The company has a quick ratio of 1.16, a current ratio of 1.40 and a debt-to-equity ratio of 0.17.
Imperial Oil (NYSEAMERICAN:IMO – Get Free Report) (TSE:IMO) last announced its earnings results on Friday, August 2nd. The energy company reported $1.54 earnings per share for the quarter, beating the consensus estimate of $1.43 by $0.11. Imperial Oil had a net margin of 10.05% and a return on equity of 22.73%. The business had revenue of $9.78 billion during the quarter, compared to the consensus estimate of $10.50 billion. On average, research analysts expect that Imperial Oil will post 6.14 EPS for the current fiscal year.
Imperial Oil Cuts Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Wednesday, September 4th were issued a $0.4336 dividend. The ex-dividend date of this dividend was Wednesday, September 4th. This represents a $1.73 dividend on an annualized basis and a dividend yield of 2.28%. Imperial Oil’s payout ratio is currently 25.21%.
About Imperial Oil
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.
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