Imperial Oil (TSE:IMO) Price Target Raised to C$132.00

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) had its target price increased by research analysts at Desjardins from C$120.00 to C$132.00 in a research note issued on Friday,BayStreet.CA reports. The firm presently has a “sell” rating on the stock. Desjardins’ price objective suggests a potential downside of 20.20% from the stock’s current price.

A number of other brokerages also recently weighed in on IMO. JPMorgan Chase & Co. upped their price target on shares of Imperial Oil from C$99.00 to C$108.00 in a report on Tuesday, February 3rd. Morgan Stanley lifted their price target on shares of Imperial Oil from C$97.00 to C$101.00 in a research report on Thursday, November 20th. Royal Bank Of Canada cut their price objective on Imperial Oil from C$118.00 to C$116.00 and set a “sector perform” rating for the company in a research report on Tuesday, January 13th. National Bank Financial boosted their target price on Imperial Oil from C$127.00 to C$139.00 and gave the stock a “sector perform” rating in a research report on Tuesday, February 3rd. Finally, TD Securities decreased their price target on Imperial Oil from C$107.00 to C$106.00 in a research report on Tuesday, December 16th. Six investment analysts have rated the stock with a Hold rating and five have issued a Sell rating to the company. According to MarketBeat, the company has an average rating of “Reduce” and a consensus price target of C$115.80.

Imperial Oil Price Performance

Shares of TSE IMO traded down C$2.55 during mid-day trading on Friday, reaching C$165.42. 168,323 shares of the company traded hands, compared to its average volume of 947,167. Imperial Oil has a fifty-two week low of C$82.98 and a fifty-two week high of C$169.07. The firm has a market cap of C$80.00 billion, a PE ratio of 25.53, a price-to-earnings-growth ratio of 0.21 and a beta of 0.95. The stock has a fifty day simple moving average of C$135.04 and a 200-day simple moving average of C$129.32. The company has a debt-to-equity ratio of 18.04, a current ratio of 1.44 and a quick ratio of 0.98.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last issued its quarterly earnings results on Friday, January 30th. The company reported C$1.97 earnings per share (EPS) for the quarter. Imperial Oil had a return on equity of 21.23% and a net margin of 10.00%.The firm had revenue of C$11.28 billion during the quarter. Equities research analysts anticipate that Imperial Oil will post 8.6164609 EPS for the current fiscal year.

Imperial Oil Company Profile

Imperial Oil is one of Canada’s largest integrated oil companies, focusing on upstream operations, petroleum refining operations, and the marketing of petroleum products. Production averaged 398 thousand barrels of oil equivalent per day in 2020. The company estimates that it holds 5.2 billion boe of proved and probable crude oil and natural gas reserves. Imperial remains the largest refiner of petroleum products in Canada, operating three refineries with a combined processing capacity of 421 mboe/d.