Imperial Oil (TSE:IMO) Stock Rating Upgraded by Wolfe Research

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) was upgraded by equities researchers at Wolfe Research from a “hold” rating to a “strong-buy” rating in a report issued on Monday,Zacks.com reports.

IMO has been the topic of a number of other research reports. Raymond James raised shares of Imperial Oil from a “market perform” rating to an “outperform” rating and dropped their price target for the company from C$108.00 to C$104.00 in a research note on Wednesday, April 9th. Scotiabank raised shares of Imperial Oil to a “hold” rating in a research note on Wednesday, March 19th. CIBC raised their price target on shares of Imperial Oil from C$105.00 to C$108.00 in a research note on Friday, January 17th. National Bankshares boosted their price objective on Imperial Oil from C$109.00 to C$110.00 and gave the stock a “sector perform” rating in a research note on Thursday, January 30th. Finally, Desjardins decreased their target price on Imperial Oil from C$91.00 to C$85.00 and set a “hold” rating on the stock in a research report on Tuesday, April 15th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of C$103.33.

Imperial Oil Price Performance

Shares of Imperial Oil stock opened at C$89.62 on Monday. The firm has a market cap of C$46.79 billion, a PE ratio of 9.63, a P/E/G ratio of 0.21 and a beta of 1.78. Imperial Oil has a twelve month low of C$82.98 and a twelve month high of C$108.89. The company has a quick ratio of 0.98, a current ratio of 1.44 and a debt-to-equity ratio of 18.04. The business has a 50-day moving average price of C$96.19 and a 200 day moving average price of C$98.60.

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.