Imperial Oil (TSE:IMO) Given New C$120.00 Price Target at National Bankshares

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) had its price objective hoisted by National Bankshares from C$90.00 to C$120.00 in a research report report published on Friday morning, BayStreet.CA reports. They currently have a sector perform rating on the stock.

A number of other research analysts have also weighed in on the company. Desjardins upped their price objective on Imperial Oil from C$86.00 to C$88.00 and gave the stock a hold rating in a report on Friday, March 22nd. Royal Bank of Canada boosted their target price on Imperial Oil from C$85.00 to C$100.00 in a research report on Tuesday, April 9th. CIBC boosted their target price on Imperial Oil from C$85.00 to C$90.00 and gave the stock a neutral rating in a research report on Friday, March 22nd. JPMorgan Chase & Co. decreased their target price on Imperial Oil from C$97.00 to C$94.00 in a research report on Monday, February 12th. Finally, TD Securities downgraded Imperial Oil from a buy rating to a hold rating and boosted their target price for the stock from C$87.00 to C$88.00 in a research report on Thursday, February 29th. Nine investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of Hold and an average price target of C$94.23.

Imperial Oil Trading Up 1.2 %

TSE:IMO opened at C$95.63 on Friday. The stock’s 50 day simple moving average is C$89.94 and its 200-day simple moving average is C$81.96. Imperial Oil has a 12-month low of C$60.19 and a 12-month high of C$101.63. The firm has a market cap of C$51.24 billion, a P/E ratio of 11.26, a PEG ratio of 0.21 and a beta of 1.84. The company has a current ratio of 1.26, a quick ratio of 0.98 and a debt-to-equity ratio of 19.49.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last announced its quarterly earnings data on Friday, February 2nd. The company reported C$2.47 earnings per share for the quarter, topping analysts’ consensus estimates of C$2.08 by C$0.39. Imperial Oil had a return on equity of 21.91% and a net margin of 9.64%. The firm had revenue of C$13.11 billion for the quarter, compared to analyst estimates of C$16.57 billion. Equities analysts anticipate that Imperial Oil will post 8.4369527 EPS for the current year.

Imperial Oil Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Monday, April 1st were paid a $0.60 dividend. This is a positive change from Imperial Oil’s previous quarterly dividend of $0.50. This represents a $2.40 annualized dividend and a yield of 2.51%. The ex-dividend date was Friday, March 1st. Imperial Oil’s dividend payout ratio is presently 28.27%.

About Imperial Oil

Imperial Oil Limited engages in exploration, production, and sale of crude oil and natural gas in Canada. The company operates through three segments: Upstream, Downstream and Chemical segments. The Upstream segment explores and produces crude oil, natural gas, synthetic crude oil, and bitumen. The Downstream segment transports and refines crude oil, blends refined products, and distributes and markets of refined products.