Imperial Oil (TSE:IMO) Stock Gets Price Target Boost from TD

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) had its price target hoisted by research analysts at TD from C$158.00 to C$164.00 in a report released on Tuesday, BayStreet reports. The firm currently has a “sell” rating on the stock. TD‘s target price suggests a potential downside of 12.57% from the stock’s current price.

IMO has been the topic of several other reports. JPMorgan Chase & Co. boosted their price target on shares of Imperial Oil from C$149.00 to C$158.00 in a research report on Tuesday, July 14th. Scotia decreased their price objective on 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. ATB Cormark Capital Markets lifted their target price on Imperial Oil from C$140.00 to C$175.00 and gave the company a “sector perform” rating in a research report on Thursday, October 22nd. Raymond James Financial upped their target price on Imperial Oil from C$130.00 to C$140.00 and gave the stock an “underperform” rating in a report on Wednesday, September 16th. Finally, National Bank Financial increased their price target on Imperial Oil from C$207.00 to C$213.00 and gave the company a “sector perform” rating in a research report on Tuesday, October 20th. Six equities research analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Reduce” and an average price target of C$153.92.

Imperial Oil Stock Up 0.2%

Shares of TSE IMO traded up C$0.29 during midday trading on Tuesday, reaching C$187.57. The company’s stock had a trading volume of 327,595 shares, compared to its average volume of 833,459. The stock has a 50 day simple moving average of C$181.66 and a 200-day simple moving average of C$172.01. The company has a current ratio of 1.38, a quick ratio of 0.98 and a debt-to-equity ratio of 17.11. The stock has a market capitalization of C$90.71 billion, a price-to-earnings ratio of 21.91, a PEG ratio of 0.21 and a beta of 0.62. Imperial Oil has a fifty-two week low of C$114.75 and a fifty-two week high of C$194.17.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last announced its earnings results on Friday, October 30th. The company reported C$5.11 EPS for the quarter. The business had revenue of C$16.18 billion during the quarter. Imperial Oil had a net margin of 10.85% and a return on equity of 26.06%. Equities research analysts predict that Imperial Oil will post 8.62 earnings per share for the current year.

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.