Imperial Oil (TSE:IMO) PT Set at C$160.00 by Desjardins

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) has been given a C$160.00 price objective by analysts at Desjardins in a report issued on Friday,BayStreet.CA reports. The brokerage currently has a “hold” rating on the stock. Desjardins’ price objective indicates a potential downside of 6.42% from the company’s previous close.

A number of other research analysts have also weighed in on IMO. Raymond James Financial raised their price objective on Imperial Oil from C$107.00 to C$126.00 in a report on Monday, March 30th. JPMorgan Chase & Co. increased their target price on shares of Imperial Oil from C$149.00 to C$158.00 in a research report on Tuesday. TD decreased their price target on shares of Imperial Oil from C$157.00 to C$156.00 and set a “sell” rating on the stock in a research note on Wednesday, May 13th. National Bank Financial boosted their price target on shares of Imperial Oil from C$212.00 to C$214.00 and gave the stock a “sector perform” rating in a research report on Wednesday, July 8th. Finally, Scotiabank upgraded shares of Imperial Oil to a “hold” rating in a report on Friday, June 26th. Six analysts have rated the stock with a Hold rating and five have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Imperial Oil presently has an average rating of “Reduce” and an average price target of C$143.00.

Imperial Oil Price Performance

TSE:IMO traded up C$2.62 during trading hours on Friday, hitting C$170.97. 229,090 shares of the stock were exchanged, compared to its average volume of 791,998. Imperial Oil has a 52-week low of C$111.68 and a 52-week high of C$191.76. The firm’s fifty day moving average price is C$170.39 and its 200 day moving average price is C$162.45. 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 company has a market cap of C$82.68 billion, a P/E ratio of 28.98, a P/E/G ratio of 0.21 and a beta of 0.39.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last released its earnings results on Friday, May 1st. The company reported C$1.94 earnings per share for the quarter. Imperial Oil had a return on equity of 13.38% and a net margin of 6.13%.The business had revenue of C$12.42 billion for the quarter. As a group, equities research analysts anticipate that Imperial Oil will post 8.6164609 EPS for the current fiscal year.

Insider Buying and Selling

In other Imperial Oil news, insider Ian Robert Laing sold 4,100 shares of the business’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of C$176.63, for a total value of C$724,183.00. Insiders have sold 6,569 shares of company stock worth $1,144,955 over the last quarter. 71.26% of the stock is owned by 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.