Tudor Pickering reaffirmed their hold rating on shares of Imperial Oil (TSE:IMO) (NYSEMKT:IMO) in a research note issued to investors on Tuesday, Stock Target Advisor reports. They currently have a C$37.00 price target on the stock.

Several other analysts also recently weighed in on the stock. CIBC raised shares of Imperial Oil from an underperform rating to a neutral rating and boosted their price target for the stock from C$37.00 to C$38.00 in a research note on Tuesday, October 15th. Citigroup lowered their price target on shares of Imperial Oil from C$36.00 to C$30.00 in a research note on Tuesday, October 8th. Tudor Pickering & Holt set a C$37.00 price objective on shares of Imperial Oil and gave the company a hold rating in a research note on Tuesday. JPMorgan Chase & Co. lowered their price objective on shares of Imperial Oil from C$38.00 to C$37.00 in a research note on Monday, December 9th. Finally, Raymond James reaffirmed an underperform rating and set a C$31.00 price objective on shares of Imperial Oil in a research note on Wednesday, November 13th. One analyst has rated the stock with a sell rating and seven have given a hold rating to the company’s stock. Imperial Oil has a consensus rating of Hold and an average price target of C$37.31.

Shares of TSE:IMO opened at C$35.04 on Tuesday. Imperial Oil has a 52-week low of C$31.51 and a 52-week high of C$40.59. The firm has a fifty day moving average of C$33.97 and a 200 day moving average of C$34.17. The firm has a market capitalization of $26.40 billion and a PE ratio of 9.74. The company has a debt-to-equity ratio of 21.91, a quick ratio of 1.07 and a current ratio of 1.45.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last posted its quarterly earnings results on Friday, November 1st. The company reported C$0.56 earnings per share for the quarter, missing the consensus estimate of C$0.58 by C($0.02). The business had revenue of C$8.74 billion for the quarter, compared to analyst estimates of C$8.91 billion. On average, sell-side analysts forecast that Imperial Oil will post 2.4100001 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 1st. Investors of record on Tuesday, December 3rd were paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 2.51%. The ex-dividend date was Monday, December 2nd. Imperial Oil’s payout ratio is currently 22.80%.

About Imperial Oil

Imperial Oil Limited explores for, produces, and sells crude oil and natural gas in Canada. It 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, 2018, this segment had 404 million oil-equivalent barrels of proved undeveloped reserves.

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Analyst Recommendations for Imperial Oil (TSE:IMO)

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