Several other equities research analysts have also weighed in on IMO. Tudor Pickering lowered Imperial Oil from a hold rating to a sell rating in a research report on Wednesday, March 18th. Royal Bank of Canada cut their target price on Imperial Oil from C$36.00 to C$24.00 in a research report on Monday, March 16th. Scotiabank cut their target price on Imperial Oil from C$37.00 to C$36.00 in a research report on Tuesday, January 14th. Goldman Sachs Group reissued a neutral rating and set a C$39.00 target price on shares of Imperial Oil in a research report on Monday, January 27th. Finally, Canaccord Genuity cut their target price on Imperial Oil from C$40.00 to C$27.00 in a research report on Tuesday, March 10th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the stock. Imperial Oil currently has a consensus rating of Hold and a consensus price target of C$30.53.
Shares of TSE IMO opened at C$14.44 on Monday. The company has a debt-to-equity ratio of 22.50, a quick ratio of 0.96 and a current ratio of 1.38. Imperial Oil has a fifty-two week low of C$10.27 and a fifty-two week high of C$40.59. The firm has a market capitalization of $9.62 billion and a PE ratio of 5.01. The stock’s 50-day simple moving average is C$25.67 and its 200-day simple moving average is C$31.80.
Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last issued its earnings results on Friday, January 31st. The company reported C$0.36 earnings per share for the quarter, topping the consensus estimate of C$0.35 by C$0.01. The business had revenue of C$8.16 billion for the quarter, compared to analyst estimates of C$8.68 billion. On average, sell-side analysts forecast that Imperial Oil will post 1.32 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Wednesday, April 1st will be given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 6.09%. The ex-dividend date of this dividend is Wednesday, March 4th. Imperial Oil’s dividend payout ratio (DPR) is 29.51%.
Imperial Oil Company Profile
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.
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