A number of other research firms have also recently weighed in on IMO. Barclays raised Imperial Oil from an underweight rating to an equal weight rating and raised their price target for the company from C$40.00 to C$49.00 in a report on Wednesday, July 11th. CSFB raised their price target on Imperial Oil from C$47.00 to C$54.00 in a report on Wednesday, July 11th. BMO Capital Markets raised their price target on Imperial Oil from C$42.00 to C$44.00 in a report on Monday, July 30th. Canaccord Genuity raised their price target on Imperial Oil from C$45.00 to C$50.00 in a report on Tuesday, July 10th. Finally, National Bank Financial raised their price target on Imperial Oil from C$40.00 to C$45.00 and gave the company a c$43.73 rating in a report on Wednesday, July 18th. Three analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. The company currently has a consensus rating of Hold and a consensus price target of C$45.07.
Imperial Oil stock opened at C$43.57 on Friday. Imperial Oil has a one year low of C$33.43 and a one year high of C$44.91.
Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last posted its earnings results on Friday, July 27th. The company reported C$0.24 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.51 by C($0.27). The company had revenue of C$9.54 billion during the quarter, compared to analyst estimates of C$7.64 billion.
The firm also recently declared a quarterly dividend, which was paid on Monday, October 1st. Investors of record on Tuesday, September 4th were issued a dividend of $0.19 per share. The ex-dividend date of this dividend was Friday, August 31st. This represents a $0.76 dividend on an annualized basis and a yield of 1.74%.
In other news, insider Jonathan Wetmore sold 614 shares of Imperial Oil stock in a transaction on Tuesday, September 25th. The stock was sold at an average price of C$42.55, for a total value of C$26,125.70.
Imperial Oil Company Profile
Imperial Oil Limited explores for, produces, and sells crude oil and natural gas in Canada. The company operates through three segments: Upstream, Downstream, and Chemical. The Upstream segment explores for and produces crude oil, natural gas, synthetic oil, and bitumen. As of December 31, 2017, this segment had 450 million oil-equivalent barrels of proved undeveloped reserves.
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