FY2025 EPS Estimates for Imperial Oil Limited (TSE:IMO) Lifted by Zacks Research

Imperial Oil Limited (TSE:IMO) (NYSEMKT:IMO) – Equities researchers at Zacks Research raised their FY2025 earnings estimates for Imperial Oil in a research note issued on Thursday, September 12th. Zacks Research analyst R. Department now expects that the company will post earnings per share of $8.49 for the year, up from their prior forecast of $8.34.

A number of other equities analysts also recently weighed in on IMO. Raymond James set a C$93.00 price target on Imperial Oil and gave the stock a “market perform” rating in a research report on Wednesday, May 29th. Desjardins increased their target price on shares of Imperial Oil from C$92.00 to C$101.00 and gave the stock a “hold” rating in a report on Tuesday, July 23rd. Wolfe Research upgraded shares of Imperial Oil to a “strong-buy” rating in a research note on Thursday, July 18th. Scotiabank cut their price target on shares of Imperial Oil from C$111.00 to C$110.00 in a research report on Friday, July 12th. Finally, TD Securities raised their price objective on Imperial Oil from C$91.00 to C$92.00 and gave the company a “hold” rating in a report on Thursday, August 8th. Nine investment analysts have rated the stock with a hold rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of C$99.69.

Imperial Oil Stock Up 0.5 %

TSE:IMO opened at C$91.48 on Monday. The stock has a 50-day simple moving average of C$97.52 and a 200 day simple moving average of C$94.75. Imperial Oil has a 52-week low of C$72.03 and a 52-week high of C$106.09. The company has a market cap of C$49.02 billion, a PE ratio of 9.59, a PEG ratio of 0.21 and a beta of 1.80. The company has a debt-to-equity ratio of 18.27, a quick ratio of 0.98 and a current ratio of 1.40.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last released its quarterly earnings results on Friday, August 2nd. The company reported C$2.11 earnings per share (EPS) for the quarter, beating the consensus estimate of C$1.94 by C$0.17. The firm had revenue of C$13.38 billion for the quarter, compared to the consensus estimate of C$14.30 billion. Imperial Oil had a return on equity of 22.17% and a net margin of 10.09%.

Imperial Oil Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Tuesday, October 1st will be issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 2.62%. The ex-dividend date is Wednesday, September 4th. Imperial Oil’s payout ratio is currently 25.16%.

Imperial Oil Company Profile

Imperial Oil Limited engages in exploration, production, and sale of crude oil and natural gas in Canada. The company operates through three segments: Upstream, Downstream and Chemical segments. The Upstream segment explores and produces crude oil, natural gas, synthetic crude oil, and bitumen. The Downstream segment transports and refines crude oil, blends refined products, and distributes and markets of refined products.