TD Securities Boosts Imperial Oil (TSE:IMO) Price Target to C$91.00

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) had its price target upped by TD Securities from C$89.00 to C$91.00 in a research note issued to investors on Tuesday, BayStreet.CA reports. TD Securities currently has a hold rating on the stock.

A number of other analysts also recently issued reports on the company. ATB Capital raised 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. National Bankshares increased their target price on Imperial Oil from C$90.00 to C$120.00 and gave the stock a sector perform rating in a research note on Friday, April 19th. Desjardins lifted their price objective on shares of Imperial Oil from C$88.00 to C$92.00 and gave the company a hold rating in a report on Tuesday, April 23rd. JPMorgan Chase & Co. dropped their target price on shares of Imperial Oil from C$97.00 to C$94.00 in a research note on Monday, February 12th. Finally, Royal Bank of Canada boosted their price target on Imperial Oil from C$85.00 to C$100.00 in a report on Tuesday, April 9th. Nine research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, Imperial Oil has an average rating of Hold and an average price target of C$96.31.

Imperial Oil Stock Performance

TSE IMO opened at C$93.23 on Tuesday. The stock has a market capitalization of C$49.96 billion, a PE ratio of 10.98, a P/E/G ratio of 0.21 and a beta of 1.84. Imperial Oil has a 1-year low of C$60.19 and a 1-year high of C$101.63. The business has a 50 day simple moving average of C$92.61 and a two-hundred day simple moving average of C$82.91. The company has a debt-to-equity ratio of 19.49, a current ratio of 1.26 and a quick ratio of 0.98.

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

Imperial Oil Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Monday, June 3rd will be given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 2.57%. The ex-dividend date is Friday, May 31st. Imperial Oil’s payout ratio is 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.