Imperial Oil (TSE:IMO) Given New C$120.00 Price Target at National Bankshares

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) had its price objective boosted by National Bankshares from C$90.00 to C$120.00 in a research note published on Friday morning, BayStreet.CA reports. They currently have a sector perform rating on the stock.

Several other analysts also recently weighed in on the company. BMO Capital Markets lifted their target price on Imperial Oil from C$95.00 to C$115.00 in a research note on Thursday, March 28th. Royal Bank of Canada lifted their target price on Imperial Oil from C$85.00 to C$100.00 in a research note on Tuesday, April 9th. Desjardins lifted their target price on Imperial Oil from C$86.00 to C$88.00 and gave the company a hold rating in a research note on Friday, March 22nd. TD Securities downgraded Imperial Oil from a buy rating to a hold rating and lifted their target price for the company from C$87.00 to C$88.00 in a research note on Thursday, February 29th. Finally, ATB Capital lifted their target price 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 research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of Hold and a consensus target price of C$94.23.

Imperial Oil Trading Up 1.2 %

TSE:IMO opened at C$95.63 on Friday. Imperial Oil has a 12-month low of C$60.19 and a 12-month high of C$101.63. The firm has a market capitalization of C$51.24 billion, a P/E ratio of 11.26, a P/E/G ratio of 0.21 and a beta of 1.84. The company has a debt-to-equity ratio of 19.49, a current ratio of 1.26 and a quick ratio of 0.98. The business has a 50 day simple moving average of C$89.94 and a 200 day simple moving average of C$81.96.

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

Imperial Oil Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Monday, April 1st were issued a dividend of $0.60 per share. This is an increase from Imperial Oil’s previous quarterly dividend of $0.50. The ex-dividend date was Friday, March 1st. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.51%. Imperial Oil’s payout ratio is currently 28.27%.

About Imperial Oil

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.