Imperial Oil Ltd (TSE:IMO) (NYSEMKT:IMO) has been assigned a consensus recommendation of “Hold” from the twelve analysts that are presently covering the stock, MarketBeat reports. Four research analysts have rated the stock with a sell rating and eight have given a hold rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is C$41.40.
A number of research firms recently issued reports on IMO. National Bank Financial boosted their price objective on Imperial Oil from C$39.00 to C$41.00 and gave the company a “sector perform” rating in a report on Tuesday, January 9th. Eight Capital set a C$39.00 target price on Imperial Oil and gave the company a “sell” rating in a research report on Thursday, January 11th. AltaCorp Capital raised Imperial Oil from an “underperform” rating to a “sector perform” rating in a research report on Monday, January 15th. Finally, Royal Bank of Canada raised Imperial Oil from an “underperform” rating to a “sector perform” rating and lifted their target price for the company from C$40.00 to C$41.00 in a research report on Wednesday, January 31st.
Imperial Oil (TSE IMO) traded down C$0.33 on Friday, reaching C$34.78. The company had a trading volume of 528,132 shares, compared to its average volume of 890,261. Imperial Oil has a one year low of C$34.00 and a one year high of C$42.25. The stock has a market cap of $29,040.00, a PE ratio of 60.22 and a beta of 0.55.
Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last posted its quarterly earnings data on Friday, February 2nd. The company reported C$0.52 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of C$0.64 by C($0.12). The company had revenue of C$8.08 billion during the quarter, compared to the consensus estimate of C$7.19 billion.
The company also recently announced a quarterly dividend, which will be paid on Sunday, April 1st. Shareholders of record on Friday, March 2nd will be given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 1.84%. The ex-dividend date is Thursday, March 1st. Imperial Oil’s dividend payout ratio (DPR) is presently 108.62%.
About Imperial Oil
Imperial Oil Limited is an integrated oil company. The Company is engaged in all the phases of the petroleum industry in Canada, including exploration for, and production and sale of, crude oil and natural gas. Its operations are conducted in three segments: Upstream, Downstream and Chemical. The Upstream operations include the exploration for, and production of, crude oil, natural gas, synthetic oil and bitumen.
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