TD Raises Imperial Oil (TSE:IMO) Price Target to C$151.00

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) had its price objective lifted by TD from C$150.00 to C$151.00 in a research report issued on Wednesday,BayStreet.CA reports. The firm presently has a “sell” rating on the stock. TD’s price objective indicates a potential downside of 14.58% from the stock’s current price.

Other equities research analysts also recently issued research reports about the company. Desjardins set a C$160.00 price target on Imperial Oil and gave the stock a “hold” rating in a report on Friday, July 17th. National Bank Financial upped their price objective on shares of Imperial Oil from C$212.00 to C$214.00 and gave the company a “sector perform” rating in a report on Wednesday, July 8th. JPMorgan Chase & Co. increased their price objective on shares of Imperial Oil from C$149.00 to C$158.00 in a research report on Tuesday, July 14th. Scotia lowered their target price on shares of Imperial Oil from C$159.00 to C$156.00 and set a “sector perform” rating for the company in a research note on Wednesday. Finally, Scotiabank raised shares of Imperial Oil to a “hold” rating in a research report on Friday, June 26th. Five research analysts have rated the stock with a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat.com, Imperial Oil has an average rating of “Reduce” and an average price target of C$143.25.

Imperial Oil Stock Down 1.6%

Shares of IMO traded down C$2.79 during midday trading on Wednesday, hitting C$176.77. 355,591 shares of the company’s stock traded hands, compared to its average volume of 789,899. Imperial Oil has a 1 year low of C$114.02 and a 1 year high of C$191.76. The firm’s fifty day moving average is C$169.48 and its 200-day moving average is C$167.48. The company has a current ratio of 1.23, a quick ratio of 0.98 and a debt-to-equity ratio of 18.53. The stock has a market capitalization of C$85.48 billion, a price-to-earnings ratio of 20.65, a price-to-earnings-growth ratio of 0.21 and a beta of 0.40.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last posted its quarterly earnings data on Friday, July 31st. The company reported C$4.52 earnings per share for the quarter. Imperial Oil had a return on equity of 18.67% and a net margin of 7.81%.The firm had revenue of C$15.98 billion during the quarter. As a group, sell-side analysts anticipate that Imperial Oil will post 8.6164609 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Ian Robert Laing sold 4,100 shares of the stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of C$176.63, for a total value of C$724,183.00. In the last 90 days, insiders have sold 6,569 shares of company stock valued at $1,144,955. 71.26% of the stock is currently owned by corporate insiders.

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.