Imperial Oil (TSE:IMO) Price Target Raised to C$205.00

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) had its price objective hoisted by UBS Group from C$195.00 to C$205.00 in a report published on Monday,BayStreet reports.

Several other research analysts have also recently weighed in on the company. Scotiabank raised Imperial Oil to a “hold” rating in a research report on Friday, June 26th. JPMorgan Chase & Co. increased their price target on Imperial Oil from C$149.00 to C$158.00 in a research note on Tuesday, July 14th. Desjardins set a C$160.00 target price on shares of Imperial Oil and gave the stock a “hold” rating in a research note on Friday, July 17th. National Bank Financial lowered their target price on shares of Imperial Oil from C$214.00 to C$209.00 and set a “sector perform” rating on the stock in a report on Wednesday, August 5th. Finally, Scotia cut their target price on 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, August 5th. Five equities research analysts have rated the stock with a Hold rating and five have issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Reduce” and an average price target of C$146.08.

Imperial Oil Trading Down 3.0%

TSE:IMO opened at C$182.56 on Monday. Imperial Oil has a 52 week low of C$114.75 and a 52 week high of C$191.76. The firm has a 50-day moving average price of C$180.31 and a two-hundred day moving average price of C$174.68. The company has a debt-to-equity ratio of 17.11, a quick ratio of 0.98 and a current ratio of 1.38. The firm has a market cap of C$88.28 billion, a price-to-earnings ratio of 21.33, a price-to-earnings-growth ratio of 0.21 and a beta of 0.41.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last announced its earnings results on Friday, July 31st. The company reported C$4.52 earnings per share for the quarter. The firm had revenue of C$15.98 billion for the quarter. Imperial Oil had a return on equity of 18.76% and a net margin of 7.81%. On average, equities analysts expect that Imperial Oil will post 8.6164609 earnings per share for the current fiscal year.

Imperial Oil Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Thursday, October 1st will be given a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date is Friday, September 4th. Imperial Oil’s payout ratio is 37.15%.

About Imperial Oil

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.