Imperial Oil Ltd (IMO) Scheduled to Post Earnings on Friday
Imperial Oil Ltd (TSE:IMO) (NYSEMKT:IMO) will post its quarterly earnings results before the market opens on Friday, October 27th. Analysts expect Imperial Oil to post earnings of C$0.39 per share for the quarter.
Shares of Imperial Oil Ltd (TSE IMO) opened at 39.55 on Thursday. The company’s 50 day moving average is $38.98 and its 200 day moving average is $38.33. The company has a market capitalization of $33.39 billion and a P/E ratio of 12.43. Imperial Oil Ltd has a 12-month low of $35.15 and a 12-month high of $48.72.
The company also recently announced a quarterly dividend, which was paid on Sunday, October 1st. Investors of record on Sunday, October 1st were issued a dividend of $0.16 per share. The ex-dividend date of this dividend was Wednesday, August 30th. This represents a $0.64 dividend on an annualized basis and a yield of 1.62%.
A number of equities analysts recently weighed in on the stock. J P Morgan Chase & Co boosted their target price on shares of Imperial Oil from C$36.00 to C$38.00 and gave the stock an “underweight” rating in a report on Thursday, September 14th. AltaCorp Capital downgraded shares of Imperial Oil from a “sector perform” rating to an “underperform” rating in a report on Wednesday, August 23rd. Royal Bank Of Canada lowered their target price on shares of Imperial Oil from C$41.00 to C$40.00 and set a “sector perform” rating on the stock in a report on Friday, August 4th. TD Securities lowered their target price on shares of Imperial Oil from C$44.00 to C$43.00 and set a “hold” rating on the stock in a report on Thursday, August 3rd. Finally, National Bank Financial lowered their target price on shares of Imperial Oil from C$40.00 to C$36.00 in a report on Thursday, August 3rd. Three investment analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of C$43.75.
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Imperial Oil Company Profile
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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