Imperial Oil (TSE:IMO) Price Target Raised to C$164.00

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) had its price objective boosted by TD from C$158.00 to C$164.00 in a research report sent to investors on Tuesday morning,BayStreet reports. The brokerage currently has a sell rating on the stock.

A number of other analysts also recently weighed in on the company. National Bank Financial increased their price target on Imperial Oil from C$207.00 to C$213.00 and gave the stock a “sector perform” rating in a report on Tuesday, October 20th. JPMorgan Chase & Co. boosted their price objective on Imperial Oil from C$149.00 to C$158.00 in a research note on Tuesday, July 14th. Scotia cut their target price on Imperial Oil from C$159.00 to C$156.00 and set a “sector perform” rating on the stock in a research report on Wednesday, August 5th. Raymond James Financial raised their target price on Imperial Oil from C$130.00 to C$140.00 and gave the stock an “underperform” rating in a research note on Wednesday, September 16th. Finally, Desjardins lifted their target price on Imperial Oil from C$165.00 to C$172.00 and gave the stock a “hold” rating in a report on Tuesday, October 20th. Six equities research analysts have rated the stock with a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus price target of C$153.92.

Imperial Oil Stock Down 1.4%

Shares of TSE IMO opened at C$176.02 on Tuesday. The company’s 50 day moving average price is C$181.44 and its 200-day moving average price is C$172.69. The company has a debt-to-equity ratio of 17.27, a quick ratio of 0.98 and a current ratio of 1.30. Imperial Oil has a 52-week low of C$114.75 and a 52-week high of C$194.17. The company has a market capitalization of C$83.08 billion, a P/E ratio of 14.00, a price-to-earnings-growth ratio of 0.21 and a beta of 0.56.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last posted its quarterly earnings data 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 during the quarter. Imperial Oil had a net margin of 10.85% and a return on equity of 25.85%. Equities analysts forecast that Imperial Oil will post 8.62 earnings per share for the current year.

Imperial Oil Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Thursday, October 1st were paid a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend was Friday, September 4th. Imperial Oil’s dividend payout ratio is 26.49%.

About Imperial Oil

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.