TD Cuts Imperial Oil (TSE:IMO) Price Target to C$156.00

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) had its price target decreased by equities research analysts at TD from C$157.00 to C$156.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. The firm currently has a “sell” rating on the stock. TD’s price objective would suggest a potential downside of 13.91% from the company’s previous close.

Other analysts also recently issued reports about the company. National Bank Financial increased their price target on Imperial Oil from C$139.00 to C$212.00 and gave the company a “sector perform” rating in a research report on Tuesday, March 31st. JPMorgan Chase & Co. decreased their target price on Imperial Oil from C$155.00 to C$149.00 in a research report on Monday, May 4th. Desjardins raised their price target on Imperial Oil from C$120.00 to C$132.00 and gave the stock a “sell” rating in a report on Friday, February 20th. TD Securities lifted their price objective on Imperial Oil from C$101.00 to C$110.00 and gave the company a “sell” rating in a research note on Monday, February 23rd. Finally, Raymond James Financial lifted their price objective on Imperial Oil from C$107.00 to C$126.00 in a research note on Monday, March 30th. Four analysts have rated the stock with a Hold rating and six have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Strong Sell” and a consensus price target of C$137.00.

Imperial Oil Stock Down 0.7%

Shares of TSE:IMO traded down C$1.26 during trading on Wednesday, reaching C$181.20. 198,975 shares of the stock were exchanged, compared to its average volume of 856,765. The company has a debt-to-equity ratio of 18.20, a current ratio of 1.23 and a quick ratio of 0.98. Imperial Oil has a 1-year low of C$97.03 and a 1-year high of C$185.73. The stock has a fifty day moving average of C$173.39 and a two-hundred day moving average of C$148.91. The firm has a market cap of C$87.63 billion, a price-to-earnings ratio of 30.71, a price-to-earnings-growth ratio of 0.21 and a beta of 0.65.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last issued its quarterly earnings data on Friday, May 1st. The company reported C$1.94 EPS for the quarter. The firm had revenue of C$12.42 billion during the quarter. Imperial Oil had a return on equity of 13.43% and a net margin of 6.27%. Research analysts anticipate that Imperial Oil will post 8.6164609 earnings per share for the current fiscal year.

Insider Transactions at Imperial Oil

In related news, insider Ian Robert Laing sold 4,100 shares of the business’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of C$176.63, for a total transaction of C$724,183.00. 71.26% of the stock is currently owned by corporate 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.