Imperial Oil Limited (TSE:IMO) Stock Has Consensus Price Target of C$149.36

Shares of Imperial Oil Limited (TSE:IMO) (NYSEMKT:IMO) have been given a consensus recommendation of “Reduce” by the nine analysts that are covering the firm, MarketBeat.com reports. Four analysts have rated the stock with a sell rating and five have issued a hold rating on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is C$149.36.

IMO has been the topic of several research analyst reports. Desjardins set a C$160.00 target price on shares of Imperial Oil and gave the stock a “hold” rating in a report on Friday, July 17th. Raymond James Financial lifted their price target on shares of Imperial Oil from C$130.00 to C$140.00 and gave the company an “underperform” rating in a research note on Wednesday, September 16th. Scotia reduced their price target on shares of Imperial Oil from C$159.00 to C$156.00 and set a “sector perform” rating for the company in a report on Wednesday, August 5th. TD increased their price objective on shares of Imperial Oil from C$150.00 to C$151.00 and gave the stock a “sell” rating in a research report on Wednesday, August 5th. Finally, Scotiabank raised shares of Imperial Oil to a “hold” rating in a research report on Friday, June 26th.

Imperial Oil Stock Up 0.7%

Shares of Imperial Oil stock opened at C$190.83 on Friday. Imperial Oil has a 1 year low of C$114.75 and a 1 year high of C$191.76. The business has a 50-day moving average of C$181.29 and a two-hundred day moving average of C$176.08. The company has a market capitalization of C$92.28 billion, a P/E ratio of 22.29, a price-to-earnings-growth ratio of 0.21 and a beta of 0.62. The company has a debt-to-equity ratio of 17.11, a current ratio of 1.38 and a quick ratio of 0.98.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last issued its quarterly earnings data on Friday, July 31st. The company reported C$4.52 earnings per share (EPS) for the quarter. Imperial Oil had a return on equity of 18.76% and a net margin of 7.81%. The business had revenue of C$15.98 billion during the quarter. As a group, equities analysts predict that Imperial Oil will post 8.62 EPS for the current year.

Imperial Oil Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Thursday, October 1st were issued a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date was Friday, September 4th. Imperial Oil’s dividend payout ratio is 37.15%.

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.