Raymond James Financial Cuts Imperial Oil (TSE:IMO) Price Target to C$110.00

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) had its price target dropped by analysts at Raymond James Financial from C$111.00 to C$110.00 in a report issued on Tuesday,BayStreet.CA reports. Raymond James Financial’s target price would suggest a potential downside of 7.06% from the company’s previous close.

A number of other research firms also recently commented on IMO. BMO Capital Markets downgraded Imperial Oil from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from C$132.00 to C$129.00 in a report on Monday. Desjardins raised their price objective on shares of Imperial Oil from C$114.00 to C$120.00 and gave the stock a “sell” rating in a report on Monday, November 24th. Morgan Stanley boosted their price objective on shares of Imperial Oil from C$97.00 to C$101.00 in a research report on Thursday, November 20th. Cibc World Mkts cut shares of Imperial Oil from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 14th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Imperial Oil from C$101.00 to C$110.00 in a research note on Thursday, October 23rd. Six research analysts have rated the stock with a Hold rating and six have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus target price of C$112.30.

Imperial Oil Stock Down 4.4%

Shares of IMO traded down C$5.47 during midday trading on Tuesday, reaching C$118.35. The stock had a trading volume of 837,041 shares, compared to its average volume of 834,049. The company has a market cap of C$58.80 billion, a price-to-earnings ratio of 15.11, a PEG ratio of 0.21 and a beta of 1.04. The company’s fifty day simple moving average is C$129.51 and its two-hundred day simple moving average is C$120.87. Imperial Oil has a 1-year low of C$82.98 and a 1-year high of C$141.17. The company has a debt-to-equity ratio of 18.04, a current ratio of 1.44 and a quick ratio of 0.98.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last posted its earnings results on Friday, October 31st. The company reported C$2.17 EPS for the quarter. Imperial Oil had a return on equity of 21.23% and a net margin of 10.00%.The firm had revenue of C$11.99 billion for the quarter. Equities research analysts expect that Imperial Oil will post 8.6164609 earnings per share for the current year.

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.