Imperial Oil (TSE:IMO) Price Target Raised to C$212.00

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) had its price objective increased by National Bank Financial from C$139.00 to C$212.00 in a research report report published on Tuesday,BayStreet.CA reports. The brokerage currently has a sector perform rating on the stock.

IMO has been the topic of a number of other reports. Desjardins upped their price target 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 downgraded Imperial Oil from a “sector perform” rating to an “underperform” rating and set a C$116.00 price objective for the company. in a report on Monday, February 23rd. TD Securities upped their target price on Imperial Oil from C$101.00 to C$110.00 and gave the stock a “sell” rating in a research report on Monday, February 23rd. UBS Group increased their target price on Imperial Oil from C$155.00 to C$185.00 in a report on Monday, March 16th. Finally, BMO Capital Markets downgraded shares of Imperial Oil from an “outperform” rating to a “market perform” rating and reduced their price target for the company from C$132.00 to C$129.00 in a research report on Monday, December 15th. Four investment analysts have rated the stock with a Hold rating and five have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Imperial Oil presently has an average rating of “Strong Sell” and an average target price of C$130.82.

Imperial Oil Trading Up 1.2%

IMO opened at C$181.66 on Tuesday. The company has a fifty day moving average price of C$161.87 and a two-hundred day moving average price of C$139.55. Imperial Oil has a 1-year low of C$82.98 and a 1-year high of C$185.73. The company has a market cap of C$87.85 billion, a P/E ratio of 28.03, a price-to-earnings-growth ratio of 0.21 and a beta of 0.90. The company has a current ratio of 1.27, a quick ratio of 0.98 and a debt-to-equity ratio of 19.69.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last released its quarterly earnings data on Friday, January 30th. The company reported C$1.97 earnings per share (EPS) for the quarter. The company had revenue of C$11.28 billion for the quarter. Imperial Oil had a net margin of 7.02% and a return on equity of 14.75%. Analysts predict that Imperial Oil will post 8.6164609 EPS for the current fiscal year.

Imperial Oil Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 1st. Investors of record on Wednesday, April 1st were given a $0.87 dividend. This represents a $3.48 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend was Thursday, March 5th. This is a positive change from Imperial Oil’s previous quarterly dividend of $0.72. Imperial Oil’s payout ratio is 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.