Analysts Set Imperial Oil Ltd (TSE:IMO) Price Target at C$41.62

Imperial Oil Ltd (TSE:IMO) (NYSEMKT:IMO) has earned an average rating of “Hold” from the fourteen brokerages that are presently covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell rating and four have issued a hold rating on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is C$41.62.

A number of research analysts have recently weighed in on the company. CIBC cut their price objective on Imperial Oil from C$39.00 to C$37.00 in a research report on Thursday, July 18th. Royal Bank of Canada cut their price objective on Imperial Oil from C$40.00 to C$39.00 in a research report on Thursday, July 18th. National Bank Financial raised their price objective on Imperial Oil from C$43.00 to C$45.00 and gave the company a “sector perform” rating in a research report on Tuesday, July 16th. Raymond James set a C$37.00 price objective on Imperial Oil and gave the company an “underperform” rating in a research report on Monday. Finally, GMP Securities cut their price objective on Imperial Oil from C$40.00 to C$38.00 in a research report on Friday, June 28th.

Shares of Imperial Oil stock traded up C$0.08 during trading on Friday, reaching C$32.47. 268,840 shares of the stock traded hands, compared to its average volume of 889,253. The firm has a market cap of $25.20 billion and a P/E ratio of 8.19. The firm’s fifty day moving average price is C$35.62. The company has a debt-to-equity ratio of 21.84, a current ratio of 1.44 and a quick ratio of 1.00. Imperial Oil has a 52-week low of C$32.09 and a 52-week high of C$44.69.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Wednesday, September 4th will be issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.71%. The ex-dividend date is Tuesday, September 3rd. Imperial Oil’s payout ratio is 19.93%.

About Imperial Oil

Imperial Oil Limited explores for, produces, and sells crude oil and natural gas in Canada. It operates through three segments: Upstream, Downstream, and Chemical. The Upstream segment explores for and produces crude oil, natural gas, synthetic oil, and bitumen. As of December 31, 2018, this segment had 404 million oil-equivalent barrels of proved undeveloped reserves.

Featured Article: How does equity income fit into an investing strategy?

Analyst Recommendations for Imperial Oil (TSE:IMO)

Receive News & Ratings for Imperial Oil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Imperial Oil and related companies with MarketBeat.com's FREE daily email newsletter.