Imperial Oil (NYSEAMERICAN:IMO) Shares Down 1.5%
Imperial Oil Ltd (NYSEAMERICAN:IMO) (TSE:IMO) shares were down 1.5% during trading on Thursday . The company traded as low as $27.43 and last traded at $27.50, approximately 18,731 shares traded hands during mid-day trading. A decline of 94% from the average daily volume of 322,660 shares. The stock had previously closed at $27.93.
Several equities analysts have issued reports on the company. Credit Suisse Group reaffirmed a “hold” rating on shares of Imperial Oil in a report on Friday, April 12th. Zacks Investment Research lowered shares of GreenTree Hospitality Group from a “buy” rating to a “hold” rating in a research note on Monday, May 20th. TheStreet raised shares of Secureworks from a “d+” rating to a “c-” rating in a research note on Monday, April 22nd. Citigroup reaffirmed a “buy” rating on shares of China Mobile in a research note on Friday, March 22nd. Finally, Raymond James reaffirmed an “average” rating and issued a $44.00 target price on shares of Imperial Oil in a research note on Wednesday, March 20th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $38.41.
Imperial Oil (NYSEAMERICAN:IMO) (TSE:IMO) last announced its quarterly earnings results on Friday, April 26th. The energy company reported $0.29 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.38 by ($0.09). The company had revenue of $7.98 billion during the quarter, compared to analysts’ expectations of $8.21 billion. During the same period in the previous year, the company posted $0.62 EPS. The firm’s quarterly revenue was up .6% compared to the same quarter last year.
Imperial Oil Company Profile (NYSEAMERICAN:IMO)
Imperial Oil Limited explores for, produces, and sells crude oil and natural gas in Canada. The company operates through three segments: Upstream, Downstream, and Chemical. The Upstream segment explores for and produces crude oil, natural gas, synthetic oil, and bitumen. As of December 31, 2017, this segment had 450 million oil-equivalent barrels of proved undeveloped reserves.
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