Imperial Oil (IMO) to Release Earnings on Friday

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) is scheduled to be posting its quarterly earnings results before the market opens on Friday, April 26th. Analysts expect Imperial Oil to post earnings of C$2.09 per share for the quarter.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last issued its quarterly earnings results on Friday, February 2nd. The company reported C$2.47 EPS for the quarter, beating analysts’ consensus estimates of C$2.08 by C$0.39. The business had revenue of C$13.11 billion for the quarter, compared to analysts’ expectations of C$16.57 billion. Imperial Oil had a net margin of 9.64% and a return on equity of 21.91%.

Imperial Oil Trading Up 0.4 %

Shares of IMO opened at C$96.91 on Thursday. The company has a debt-to-equity ratio of 19.49, a quick ratio of 0.98 and a current ratio of 1.26. Imperial Oil has a fifty-two week low of C$60.19 and a fifty-two week high of C$101.63. The firm has a 50 day moving average price of C$90.94 and a 200-day moving average price of C$82.35. The firm has a market cap of C$51.93 billion, a price-to-earnings ratio of 11.41, a PEG ratio of 0.21 and a beta of 1.84.

Imperial Oil Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Monday, April 1st were paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.48%. The ex-dividend date was Friday, March 1st. This is a positive change from Imperial Oil’s previous quarterly dividend of $0.50. Imperial Oil’s payout ratio is 28.27%.

Analysts Set New Price Targets

IMO has been the topic of a number of research analyst reports. BMO Capital Markets boosted their price target on Imperial Oil from C$95.00 to C$115.00 in a report on Thursday, March 28th. Desjardins raised their target price on Imperial Oil from C$88.00 to C$92.00 and gave the company a “hold” rating in a research note on Tuesday. Royal Bank of Canada upped their price target on Imperial Oil from C$85.00 to C$100.00 in a research note on Tuesday, April 9th. TD Securities lowered Imperial Oil from a “buy” rating to a “hold” rating and raised their price objective for the company from C$87.00 to C$88.00 in a research report on Thursday, February 29th. Finally, CIBC upped their target price on shares of Imperial Oil from C$90.00 to C$105.00 and gave the stock a “neutral” rating in a research report on Monday. Nine analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of C$95.69.

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.