Analysts Set Imperial Oil Limited (TSE:IMO) Target Price at C$142.45

Imperial Oil Limited (TSE:IMO) (NYSEMKT:IMO) has been given an average recommendation of “Reduce” by the ten research firms that are presently covering the stock, Marketbeat Ratings reports. Five investment analysts have rated the stock with a sell rating and five have issued a hold rating on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is C$143.25.

A number of equities analysts have weighed in on IMO shares. National Bank Financial decreased their target price on Imperial Oil from C$214.00 to C$209.00 and set a “sector perform” rating on the stock in a research note on Wednesday. Scotiabank upgraded shares of Imperial Oil to a “hold” rating in a research report on Friday, June 26th. Desjardins set a C$160.00 target price on shares of Imperial Oil and gave the company a “hold” rating in a research note on Friday, July 17th. Royal Bank Of Canada lifted their target price on shares of Imperial Oil from C$116.00 to C$124.00 and gave the company an “underperform” rating in a research report on Wednesday, April 8th. Finally, Scotia cut 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 research note on Wednesday.

Insider Activity

In other news, insider Ian Robert Laing sold 4,100 shares of Imperial Oil stock in a transaction on Monday, May 11th. The shares were sold at an average price of C$176.63, for a total transaction of C$724,183.00. Corporate insiders own 71.26% of the company’s stock.

Imperial Oil Stock Down 2.1%

Shares of TSE:IMO opened at C$175.72 on Monday. The firm has a fifty day moving average price of C$169.56 and a two-hundred day moving average price of C$167.77. The company has a market cap of C$84.98 billion, a price-to-earnings ratio of 20.53, a PEG ratio of 0.21 and a beta of 0.40. The company has a debt-to-equity ratio of 18.53, a current ratio of 1.23 and a quick ratio of 0.98. Imperial Oil has a one year low of C$114.02 and a one year high of C$191.76.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last released its quarterly earnings results on Friday, July 31st. The company reported C$4.52 earnings per share for the quarter. Imperial Oil had a net margin of 7.81% and a return on equity of 18.67%. The firm had revenue of C$15.98 billion for the quarter. Analysts anticipate that Imperial Oil will post 8.6164609 EPS for the current fiscal year.

Imperial Oil Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 1st. Stockholders of record on Wednesday, July 1st were given a dividend of $0.87 per share. The ex-dividend date was Thursday, June 4th. This represents a $3.48 annualized dividend and a dividend yield of 2.0%. Imperial Oil’s dividend payout ratio (DPR) is 37.15%.

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.