Imperial Oil Limited (TSE:IMO) Stock Has Consensus Target Price of C$153.92 According to Analysts

Imperial Oil Limited (TSE:IMO) (NYSEMKT:IMO) has been given an average rating of “Reduce” by the ten research firms that are presently covering the company, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a sell recommendation and six have assigned a hold recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is C$153.92.

Several brokerages have recently commented on IMO. UBS Group raised their price objective on shares of Imperial Oil from C$195.00 to C$205.00 in a research report on Monday, September 14th. Raymond James Financial raised their price objective on 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 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. Desjardins boosted their price objective on Imperial Oil from C$165.00 to C$172.00 and gave the company a “hold” rating in a report on Tuesday, October 20th. Finally, National Bank Financial upped their target price on Imperial Oil from C$207.00 to C$213.00 and gave the stock a “sector perform” rating in a research report on Tuesday, October 20th.

Imperial Oil Stock Performance

Shares of Imperial Oil stock opened at C$183.74 on Wednesday. The company has a debt-to-equity ratio of 17.27, a current ratio of 1.30 and a quick ratio of 0.98. Imperial Oil has a fifty-two week low of C$114.75 and a fifty-two week high of C$194.17. The firm has a market capitalization of C$86.73 billion, a P/E ratio of 14.62, a P/E/G ratio of 0.21 and a beta of 0.56. The company’s 50 day moving average price is C$180.87 and its two-hundred day moving average price is C$173.91.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last released its quarterly earnings results on Friday, October 30th. The company reported C$5.11 earnings per share for the quarter. The company had revenue of C$16.18 billion for the quarter. Imperial Oil had a return on equity of 25.85% and a net margin of 10.85%. On average, equities analysts forecast that Imperial Oil will post 8.62 earnings per share for the current fiscal year.

Imperial Oil Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Thursday, October 1st were issued a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date was Friday, September 4th. Imperial Oil’s dividend payout ratio is currently 26.49%.

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.