Brokerages Set Imperial Oil Limited (TSE:IMO) Price Target at C$112.30

Imperial Oil Limited (TSE:IMO) (NYSEMKT:IMO) has earned an average rating of “Reduce” from the twelve analysts that are presently covering the firm, Marketbeat Ratings reports. Six investment analysts have rated the stock with a sell recommendation and six have given a hold recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is C$112.30.

Several research firms have recently commented on IMO. Raymond James Financial decreased their target price on Imperial Oil from C$111.00 to C$110.00 in a research report on Tuesday, December 16th. TD Securities decreased their price objective on Imperial Oil from C$107.00 to C$106.00 in a report on Tuesday, December 16th. CIBC cut Imperial Oil from a “neutral” rating to an “underperform” rating and increased their price objective for the stock from C$108.00 to C$110.00 in a research report on Wednesday, October 15th. Cibc World Mkts cut shares of Imperial Oil from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 14th. Finally, Royal Bank Of Canada upped their price target on shares of Imperial Oil from C$115.00 to C$117.00 and gave the company a “sector perform” rating in a research note on Tuesday, October 7th.

Imperial Oil Stock Performance

TSE IMO opened at C$117.29 on Friday. The firm has a 50-day moving average of C$128.57 and a 200-day moving average of C$121.54. The company has a debt-to-equity ratio of 18.04, a quick ratio of 0.98 and a current ratio of 1.44. The stock has a market cap of C$58.28 billion, a PE ratio of 14.98, a P/E/G ratio of 0.21 and a beta of 1.04. Imperial Oil has a 52-week low of C$82.98 and a 52-week high of C$141.17.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last announced its quarterly earnings results on Friday, October 31st. The company reported C$2.17 EPS for the quarter. The business had revenue of C$11.99 billion for the quarter. Imperial Oil had a net margin of 10.00% and a return on equity of 21.23%. On average, sell-side analysts anticipate that Imperial Oil will post 8.6164609 EPS for the current year.

Imperial Oil Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 1st. Shareholders of record on Thursday, January 1st will be given a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date is Wednesday, December 3rd. Imperial Oil’s dividend payout ratio is presently 35.25%.

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.