Imperial Oil (TSE:IMO) Price Target Raised to C$110.00

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) had its target price upped by TD Securities from C$101.00 to C$110.00 in a report released on Monday morning,BayStreet.CA reports. TD Securities currently has a sell rating on the stock.

IMO has been the topic of several other research reports. National Bank Financial boosted their target price on shares of 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. BMO Capital Markets downgraded shares of Imperial Oil from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from C$132.00 to C$129.00 in a research note on Monday, December 15th. Raymond James Financial upped their target price on Imperial Oil from C$106.00 to C$107.00 and gave the company an “underperform” rating in a research report on Monday, February 2nd. JPMorgan Chase & Co. lifted their price target on Imperial Oil from C$99.00 to C$108.00 in a research report on Tuesday, February 3rd. Finally, Desjardins boosted their price target on Imperial Oil from C$120.00 to C$132.00 and gave the company a “sell” rating in a research note on Friday, February 20th. Five investment analysts have rated the stock with a Hold rating and six have given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Strong Sell” and a consensus price target of C$116.20.

Imperial Oil Stock Up 0.5%

Imperial Oil stock opened at C$159.03 on Monday. The company has a quick ratio of 0.98, a current ratio of 1.44 and a debt-to-equity ratio of 18.04. The firm has a market cap of C$76.91 billion, a P/E ratio of 24.54, a P/E/G ratio of 0.21 and a beta of 0.95. The business has a fifty day moving average of C$138.24 and a two-hundred day moving average of C$130.65. Imperial Oil has a twelve month low of C$82.98 and a twelve month high of C$169.07.

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

Imperial Oil Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 1st. Investors of record on Thursday, January 1st were issued a $0.72 dividend. The ex-dividend date of this dividend was Wednesday, December 3rd. This represents a $2.88 dividend on an annualized basis and a yield of 1.8%. Imperial Oil’s dividend 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.