Imperial Oil Limited (TSE:IMO) Receives C$116.20 Consensus Target Price from Brokerages

Imperial Oil Limited (TSE:IMO) (NYSEMKT:IMO) has earned a consensus rating of “Strong Sell” from the eleven analysts that are presently covering the firm, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is C$116.20.

IMO has been the subject of a number of recent research reports. TD Securities lifted their price objective on shares of Imperial Oil from C$101.00 to C$110.00 and gave the stock a “sell” rating in a research note on Monday, February 23rd. BMO Capital Markets lowered Imperial Oil from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from C$132.00 to C$129.00 in a research report on Monday, December 15th. Desjardins boosted their price objective on Imperial Oil from C$120.00 to C$132.00 and gave the stock a “sell” rating in a research note on Friday, February 20th. Royal Bank Of Canada lowered Imperial Oil from a “sector perform” rating to an “underperform” rating and set a C$116.00 price objective for the company. in a research note on Monday, February 23rd. Finally, JPMorgan Chase & Co. lifted their target price on Imperial Oil from C$99.00 to C$108.00 in a report on Tuesday, February 3rd.

Imperial Oil Stock Performance

TSE:IMO opened at C$160.62 on Friday. The company has a market cap of C$77.67 billion, a price-to-earnings ratio of 24.79, a PEG ratio of 0.21 and a beta of 0.90. Imperial Oil has a 1 year low of C$82.98 and a 1 year high of C$169.07. The stock’s 50 day simple moving average is C$144.50 and its two-hundred day simple moving average is C$133.05. The company has a debt-to-equity ratio of 19.69, a current ratio of 1.27 and a quick ratio of 0.98.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last posted its earnings results on Friday, January 30th. The company reported C$1.97 earnings per share for the quarter. Imperial Oil had a net margin of 7.02% and a return on equity of 14.75%. The firm had revenue of C$11.28 billion during the quarter. As a group, equities analysts anticipate that Imperial Oil will post 8.6164609 earnings per share for the current fiscal year.

Imperial Oil Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Wednesday, April 1st will be paid a dividend of $0.87 per share. The ex-dividend date of this dividend is Thursday, March 5th. This is a positive change from Imperial Oil’s previous quarterly dividend of $0.72. This represents a $3.48 annualized dividend and a yield of 2.2%. Imperial Oil’s payout ratio is presently 44.44%.

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.