Imperial Oil (TSE:IMO) Given New C$92.00 Price Target at Desjardins

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) had its target price upped by Desjardins from C$88.00 to C$92.00 in a research note issued to investors on Tuesday, BayStreet.CA reports. The brokerage currently has a hold rating on the stock.

Several other research firms have also issued reports on IMO. JPMorgan Chase & Co. decreased their target price on Imperial Oil from C$97.00 to C$94.00 in a research note on Monday, February 12th. TD Securities downgraded Imperial Oil from a buy rating to a hold rating and upped their price target for the stock from C$87.00 to C$88.00 in a report on Thursday, February 29th. CIBC upped their price target on Imperial Oil from C$90.00 to C$105.00 and gave the stock a neutral rating in a report on Monday. BMO Capital Markets upped their price target on Imperial Oil from C$95.00 to C$115.00 in a report on Thursday, March 28th. Finally, National Bankshares upped their price target on Imperial Oil from C$90.00 to C$120.00 and gave the stock a sector perform rating in a report on Friday, April 19th. Nine research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of Hold and an average price target of C$95.69.

Imperial Oil Price Performance

IMO opened at C$96.51 on Tuesday. The stock’s 50-day moving average price is C$90.60 and its 200 day moving average price is C$82.25. Imperial Oil has a 12-month low of C$60.19 and a 12-month high of C$101.63. The company has a current ratio of 1.26, a quick ratio of 0.98 and a debt-to-equity ratio of 19.49. The firm has a market cap of C$51.71 billion, a price-to-earnings ratio of 11.37, a PEG ratio of 0.21 and a beta of 1.84.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last posted its earnings results on Friday, February 2nd. The company reported C$2.47 earnings per share (EPS) for the quarter, topping the consensus estimate of C$2.08 by C$0.39. Imperial Oil had a return on equity of 21.91% and a net margin of 9.64%. The firm had revenue of C$13.11 billion for the quarter, compared to analyst estimates of C$16.57 billion. As a group, sell-side analysts expect that Imperial Oil will post 8.4369527 earnings per share for the current year.

Imperial Oil Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Monday, April 1st were issued a $0.60 dividend. The ex-dividend date was Friday, March 1st. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.49%. This is an increase from Imperial Oil’s previous quarterly dividend of $0.50. Imperial Oil’s dividend payout ratio is presently 28.27%.

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.