Imperial Oil Limited (TSE:IMO) Receives C$143.25 Average Price Target from Brokerages

Shares of Imperial Oil Limited (TSE:IMO) (NYSEMKT:IMO) have been assigned an average recommendation of “Reduce” from the ten ratings firms that are presently covering the company, Marketbeat reports. Five equities research analysts have rated the stock with a sell recommendation and five have assigned a hold recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is C$143.25.

Several equities analysts have recently weighed in on IMO shares. TD lifted their price objective on Imperial Oil from C$150.00 to C$151.00 and gave the company a “sell” rating in a research note on Wednesday, August 5th. Scotia dropped their target price on shares of Imperial Oil from C$159.00 to C$156.00 and set a “sector perform” rating for the company in a research report on Wednesday, August 5th. JPMorgan Chase & Co. lifted their price target on shares of Imperial Oil from C$149.00 to C$158.00 in a research report on Tuesday, July 14th. Desjardins set a C$160.00 price objective on shares of Imperial Oil and gave the stock a “hold” rating in a research note on Friday, July 17th. Finally, Scotiabank raised shares of Imperial Oil to a “hold” rating in a research report on Friday, June 26th.

Imperial Oil Price Performance

Imperial Oil stock opened at C$181.34 on Friday. Imperial Oil has a 1 year low of C$114.75 and a 1 year high of C$191.76. The firm has a 50 day moving average price of C$175.07 and a 200 day moving average price of C$172.77. The company has a market cap of C$87.69 billion, a price-to-earnings ratio of 21.18, a PEG ratio of 0.21 and a beta of 0.40. The company has a debt-to-equity ratio of 17.11, a quick ratio of 0.98 and a current ratio of 1.38.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last issued its quarterly earnings results on Friday, July 31st. The company reported C$4.52 EPS for the quarter. The firm had revenue of C$15.98 billion during the quarter. Imperial Oil had a net margin of 7.81% and a return on equity of 18.76%. Sell-side analysts predict that Imperial Oil will post 8.6164609 earnings per share for the current year.

Imperial Oil Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 1st. Stockholders of record on Wednesday, July 1st were given a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend was Thursday, June 4th. Imperial Oil’s payout ratio is presently 37.15%.

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.