Imperial Oil (TSE:IMO) Price Target Raised to C$105.00

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) had its target price hoisted by Royal Bank of Canada from C$100.00 to C$105.00 in a report released on Wednesday morning, BayStreet.CA reports. The brokerage currently has a sector perform rating on the stock.

Other research analysts also recently issued research reports about the company. BMO Capital Markets upped their price objective on Imperial Oil from C$95.00 to C$115.00 in a report on Thursday, March 28th. ATB Capital increased their price target 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. JPMorgan Chase & Co. cut their price target on Imperial Oil from C$97.00 to C$94.00 in a research note on Monday, February 12th. TD Securities increased their price target on Imperial Oil from C$89.00 to C$91.00 and gave the company a hold rating in a research note on Tuesday, April 30th. Finally, CIBC increased their price target on Imperial Oil from C$90.00 to C$105.00 and gave the company a neutral rating in a research note on Monday, April 22nd. Nine investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Imperial Oil currently has an average rating of Hold and an average target price of C$96.31.

Imperial Oil Stock Down 0.1 %

TSE:IMO opened at C$93.11 on Wednesday. The stock’s fifty day moving average price is C$92.81 and its two-hundred day moving average price is C$82.98. Imperial Oil has a 52-week low of C$60.48 and a 52-week high of C$101.63. The company has a debt-to-equity ratio of 18.65, a quick ratio of 0.98 and a current ratio of 1.34. The company has a market cap of C$49.89 billion, a price-to-earnings ratio of 10.84, a P/E/G ratio of 0.21 and a beta of 1.84.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last posted its quarterly earnings data on Friday, February 2nd. The company reported C$2.47 earnings per share (EPS) for the quarter, topping the consensus estimate of C$2.08 by C$0.39. Imperial Oil had a return on equity of 20.78% and a net margin of 9.50%. The firm had revenue of C$13.11 billion for the quarter, compared to the consensus estimate of C$16.57 billion. On average, analysts anticipate that Imperial Oil will post 9.2554672 EPS for the current year.

Imperial Oil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Monday, June 3rd will be paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 2.58%. The ex-dividend date is Friday, May 31st. Imperial Oil’s payout ratio is presently 27.94%.

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.