Imperial Oil (TSE:IMO) Price Target Raised to C$92.00

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) had its price objective hoisted by Desjardins from C$88.00 to C$92.00 in a research note published on Tuesday, BayStreet.CA reports. The firm currently has a hold rating on the stock.

Other research analysts have also recently issued reports about the company. CIBC upped their price objective on Imperial Oil from C$90.00 to C$105.00 and gave the stock a neutral rating in a research report on Monday, April 22nd. BMO Capital Markets upped their price objective on Imperial Oil from C$95.00 to C$115.00 in a research note on Thursday, March 28th. TD Securities lowered Imperial Oil from a buy rating to a hold rating and upped their price objective for the company from C$87.00 to C$88.00 in a research note on Thursday, February 29th. ATB Capital increased their target price on Imperial Oil from C$85.00 to C$90.00 and gave the stock a sector perform rating in a research note on Wednesday, March 20th. Finally, JPMorgan Chase & Co. lowered their target price on Imperial Oil from C$97.00 to C$94.00 in a research note on Monday, February 12th. Nine analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of Hold and an average price target of C$95.69.

Imperial Oil Stock Down 0.8 %

Shares of Imperial Oil stock opened at C$96.56 on Tuesday. Imperial Oil has a 1 year low of C$60.19 and a 1 year high of C$101.63. The business has a 50-day moving average of C$91.57 and a two-hundred day moving average of C$82.58. The company has a market capitalization of C$51.74 billion, a P/E ratio of 11.37, a price-to-earnings-growth ratio of 0.21 and a beta of 1.84. The company has a debt-to-equity ratio of 19.49, a current ratio of 1.26 and a quick ratio of 0.98.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last announced its quarterly earnings results on Friday, February 2nd. The company reported C$2.47 earnings per share (EPS) for the quarter, topping the consensus estimate of C$2.08 by C$0.39. The company had revenue of C$13.11 billion during the quarter, compared to the consensus estimate of C$16.57 billion. Imperial Oil had a return on equity of 21.91% and a net margin of 9.64%. As a group, equities analysts predict that Imperial Oil will post 8.4369527 EPS for the current year.

Imperial Oil Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Monday, April 1st were issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.49%. The ex-dividend date of this dividend was Friday, March 1st. This is an increase from Imperial Oil’s previous quarterly dividend of $0.50. Imperial Oil’s dividend payout ratio (DPR) is currently 28.27%.

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.