Royal Bank of Canada Boosts Imperial Oil (TSE:IMO) Price Target to C$105.00

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) had its price objective hoisted by Royal Bank of Canada from C$100.00 to C$105.00 in a research report sent to investors on Wednesday morning, BayStreet.CA reports. They currently have a sector perform rating on the stock.

Several other research firms also recently commented on IMO. BMO Capital Markets upped their price objective on Imperial Oil from C$95.00 to C$115.00 in a research note on Thursday, March 28th. CIBC upped their price objective on Imperial Oil from C$90.00 to C$105.00 and gave the company a neutral rating in a research note on Monday, April 22nd. Desjardins upped their price objective on Imperial Oil from C$88.00 to C$92.00 and gave the company a hold rating in a research note on Tuesday, April 23rd. TD Securities upped their price objective on Imperial Oil from C$89.00 to C$91.00 and gave the company a hold rating in a research note on Tuesday. Finally, ATB Capital upped their price objective on Imperial Oil from C$85.00 to C$90.00 and gave the company a sector perform rating in a research note on Wednesday, March 20th. Nine equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of Hold and a consensus target price of C$96.31.

Imperial Oil Stock Down 2.1 %

Imperial Oil stock opened at C$92.70 on Wednesday. Imperial Oil has a fifty-two week low of C$60.19 and a fifty-two week high of C$101.63. The company has a debt-to-equity ratio of 19.49, a quick ratio of 0.98 and a current ratio of 1.26. The company has a market capitalization of C$49.67 billion, a P/E ratio of 10.92, a PEG ratio of 0.21 and a beta of 1.84. The stock has a 50-day simple moving average of C$92.41 and a 200-day simple moving average of C$82.84.

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

Imperial Oil Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Monday, June 3rd will be given a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 2.59%. The ex-dividend date of this dividend is Monday, June 3rd. Imperial Oil’s dividend payout ratio (DPR) 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.