Imperial Oil (TSE:IMO) Stock Crosses Above 200 Day Moving Average of $81.87

Imperial Oil Limited (TSE:IMO) (NYSEMKT:IMO) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$81.87 and traded as high as C$96.10. Imperial Oil shares last traded at C$94.51, with a volume of 1,107,798 shares traded.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on IMO. TD Securities downgraded Imperial Oil from a “buy” rating to a “hold” rating and increased their price target for the stock from C$87.00 to C$88.00 in a research report on Thursday, February 29th. Desjardins increased their price target on Imperial Oil from C$86.00 to C$88.00 and gave the stock a “hold” rating in a research report on Friday, March 22nd. Royal Bank of Canada increased their price target on Imperial Oil from C$85.00 to C$100.00 in a research report on Tuesday, April 9th. National Bankshares increased their price target on Imperial Oil from C$89.00 to C$90.00 and gave the stock a “sector perform” rating in a research report on Friday, March 1st. Finally, ATB Capital increased their price target on Imperial Oil from C$85.00 to C$90.00 and gave the stock a “sector perform” rating in a research report on Wednesday, March 20th. Nine analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of C$91.92.

Imperial Oil Price Performance

The firm has a market cap of C$50.64 billion, a PE ratio of 11.13, a price-to-earnings-growth ratio of 0.21 and a beta of 1.84. The company has a quick ratio of 0.98, a current ratio of 1.26 and a debt-to-equity ratio of 19.49. The stock has a 50 day moving average price of C$89.59 and a two-hundred day moving average price of C$81.87.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last issued its quarterly earnings results on Friday, February 2nd. The company reported C$2.47 earnings per share for the quarter, topping analysts’ consensus estimates 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 business had revenue of C$13.11 billion for the quarter, compared to analyst estimates of C$16.57 billion. As a group, equities analysts expect that Imperial Oil Limited will post 8.4369527 earnings per share for the current year.

Imperial Oil Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Monday, April 1st were paid a dividend of $0.60 per share. This is a positive change from Imperial Oil’s previous quarterly dividend of $0.50. The ex-dividend date was Friday, March 1st. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.54%. Imperial Oil’s payout ratio is presently 28.27%.

Imperial Oil Company Profile

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.