Imperial Oil (NYSEMKT:IMO) Earning Somewhat Positive Press Coverage, Study Finds
Headlines about Imperial Oil (NYSEMKT:IMO) (TSE:IMO) have trended somewhat positive on Sunday, Accern Sentiment reports. The research group scores the sentiment of media coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Imperial Oil earned a media sentiment score of 0.11 on Accern’s scale. Accern also assigned media coverage about the energy company an impact score of 0 out of 100, indicating that recent media coverage is extremely unlikely to have an effect on the stock’s share price in the immediate future.
Shares of Imperial Oil (IMO) remained flat at $29.20 during trading on Friday. The company had a trading volume of 181,548 shares. Imperial Oil has a 52 week low of $27.59 and a 52 week high of $36.85. The firm has a 50 day moving average of $28.83 and a 200-day moving average of $31.26. The company has a market cap of $24.75 billion, a price-to-earnings ratio of 12.41 and a beta of 1.14.
Imperial Oil (NYSEMKT:IMO) (TSE:IMO) last posted its quarterly earnings results on Friday, April 28th. The energy company reported $0.30 EPS for the quarter, missing the consensus estimate of $0.43 by $0.13. The company had revenue of $5.41 billion for the quarter, compared to analyst estimates of $9.14 billion. Imperial Oil had a return on equity of 5.31% and a net margin of 4.76%. During the same quarter in the prior year, the business posted ($0.12) earnings per share. On average, equities research analysts forecast that Imperial Oil will post $1.40 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Saturday, July 1st. Investors of record on Friday, June 2nd were issued a dividend of $0.1185 per share. This is a boost from Imperial Oil’s previous quarterly dividend of $0.11. This represents a $0.47 annualized dividend and a dividend yield of 1.62%. The ex-dividend date was Wednesday, May 31st. Imperial Oil’s dividend payout ratio (DPR) is currently 170.37%.
Several research firms recently weighed in on IMO. Goldman Sachs Group, Inc. (The) downgraded shares of Imperial Oil from a “neutral” rating to a “sell” rating in a research report on Wednesday, April 5th. Zacks Investment Research downgraded shares of Imperial Oil from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 30th. Raymond James Financial, Inc. raised shares of Imperial Oil from a “market perform” rating to an “outperform” rating in a research report on Wednesday, April 12th. CIBC cut shares of Imperial Oil from a “sector outperform” rating to a “sector perform” rating in a research report on Tuesday, May 23rd. Finally, BidaskClub raised shares of Imperial Oil from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 13th. Five equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have assigned a buy rating to the company. Imperial Oil currently has a consensus rating of “Hold” and an average target price of $44.78.
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About Imperial Oil
Imperial Oil Limited is an integrated oil company. The Company is engaged in all the phases of the petroleum industry in Canada, including exploration for, and production and sale of, crude oil and natural gas. Its operations are conducted in three segments: Upstream, Downstream and Chemical. The Upstream operations include the exploration for, and production of, crude oil, natural gas, synthetic oil and bitumen.
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