Analysts Set Imperial Oil Limited (TSE:IMO) Price Target at C$143.25

Shares of Imperial Oil Limited (TSE:IMO) (NYSEMKT:IMO) have been given a consensus recommendation of “Reduce” by the ten research firms that are presently covering the stock, MarketBeat reports. Five investment analysts have rated the stock with a sell recommendation and five have issued a hold recommendation on the company. The average 12 month price objective among brokers that have covered the stock in the last year is C$143.25.

Several brokerages have recently issued reports on IMO. Scotia decreased their price objective on Imperial Oil from C$159.00 to C$156.00 and set a “sector perform” rating on the stock in a report on Wednesday, August 5th. JPMorgan Chase & Co. raised their price objective on shares of Imperial Oil from C$149.00 to C$158.00 in a research note on Tuesday, July 14th. TD boosted their target price on shares of Imperial Oil from C$150.00 to C$151.00 and gave the company a “sell” rating in a research note on Wednesday, August 5th. Desjardins set a C$160.00 price target on Imperial Oil and gave the company a “hold” rating in a report on Friday, July 17th. Finally, National Bank Financial lowered their price objective on shares of Imperial Oil from C$214.00 to C$209.00 and set a “sector perform” rating for the company in a research note on Wednesday, August 5th.

Imperial Oil Stock Down 1.2%

Shares of IMO opened at C$182.00 on Friday. The company has a market capitalization of C$88.01 billion, a PE ratio of 21.26, a price-to-earnings-growth ratio of 0.21 and a beta of 0.41. The company has a current ratio of 1.38, a quick ratio of 0.98 and a debt-to-equity ratio of 17.11. Imperial Oil has a 12-month low of C$114.75 and a 12-month high of C$191.76. The business’s 50 day moving average is C$176.88 and its 200 day moving average is C$173.45.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last issued its earnings results on Friday, July 31st. The company reported C$4.52 earnings per share for the quarter. The firm had revenue of C$15.98 billion during the quarter. Imperial Oil had a net margin of 7.81% and a return on equity of 18.76%. Research analysts expect that Imperial Oil will post 8.6164609 earnings per share for the current fiscal year.

Imperial Oil Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Thursday, October 1st will be given a dividend of $0.87 per share. The ex-dividend date of this dividend is Friday, September 4th. This represents a $3.48 dividend on an annualized basis and a yield of 1.9%. Imperial Oil’s dividend payout ratio (DPR) is presently 37.15%.

Imperial Oil Company Profile

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.