Imperial Oil (TSE:IMO) Price Target Raised to C$139.00 at National Bankshares

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) had its price objective raised by research analysts at National Bankshares from C$127.00 to C$139.00 in a research report issued on Tuesday,BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. National Bankshares’ price target suggests a potential downside of 3.97% from the company’s previous close.

A number of other analysts have also issued reports on IMO. Morgan Stanley increased their price target on shares of Imperial Oil from C$97.00 to C$101.00 in a research report on Thursday, November 20th. Cibc World Mkts lowered shares of Imperial Oil from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 14th. TD Securities decreased their target price on Imperial Oil from C$107.00 to C$106.00 in a research note on Tuesday, December 16th. JPMorgan Chase & Co. raised their price target on shares of Imperial Oil from C$99.00 to C$108.00 in a research report on Tuesday. Finally, BMO Capital Markets lowered Imperial Oil from an “outperform” rating to a “market perform” rating and cut their target price for the company from C$132.00 to C$129.00 in a research note on Monday, December 15th. Six equities research analysts have rated the stock with a Hold rating and six have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Reduce” and a consensus price target of C$114.60.

Imperial Oil Price Performance

TSE IMO traded up C$4.48 on Tuesday, reaching C$144.75. 610,817 shares of the stock traded hands, compared to its average volume of 991,503. The firm’s fifty day simple moving average is C$128.57 and its 200 day simple moving average is C$125.62. Imperial Oil has a 12 month low of C$82.98 and a 12 month high of C$144.91. The company has a market cap of C$70.00 billion, a price-to-earnings ratio of 18.49, a P/E/G ratio of 0.21 and a beta of 0.89. The company has a quick ratio of 0.98, a current ratio of 1.44 and a debt-to-equity ratio of 18.04.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last posted its quarterly earnings data on Friday, January 30th. The company reported C$1.97 earnings per share for the quarter. Imperial Oil had a net margin of 10.00% and a return on equity of 21.23%. As a group, research analysts predict that Imperial Oil will post 8.6164609 EPS for the current fiscal year.

About Imperial Oil

Imperial Oil is one of Canada’s largest integrated oil companies, focusing on upstream operations, petroleum refining operations, and the marketing of petroleum products. Production averaged 398 thousand barrels of oil equivalent per day in 2020. The company estimates that it holds 5.2 billion boe of proved and probable crude oil and natural gas reserves. Imperial remains the largest refiner of petroleum products in Canada, operating three refineries with a combined processing capacity of 421 mboe/d.