Desjardins Raises Imperial Oil (TSE:IMO) Price Target to C$101.00

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) had its price target lifted by Desjardins from C$92.00 to C$101.00 in a report published on Tuesday morning, BayStreet.CA reports. They currently have a hold rating on the stock.

A number of other research firms have also recently issued reports on IMO. Royal Bank of Canada boosted their price objective on Imperial Oil from C$100.00 to C$105.00 and gave the company a sector perform rating in a research report on Wednesday, May 1st. BMO Capital Markets boosted their price target on Imperial Oil from C$95.00 to C$115.00 in a research note on Thursday, March 28th. TD Securities boosted their price target on Imperial Oil from C$89.00 to C$91.00 and gave the company a hold rating in a research note on Tuesday, April 30th. National Bankshares boosted their price target on Imperial Oil from C$90.00 to C$120.00 and gave the company a sector perform rating in a research note on Friday, April 19th. Finally, CIBC boosted their price target on Imperial Oil from C$90.00 to C$105.00 and gave the company a neutral rating in a research note on Monday, April 22nd. Nine analysts have rated the stock with a hold rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Imperial Oil currently has a consensus rating of Hold and a consensus target price of C$100.08.

Imperial Oil Stock Performance

IMO opened at C$97.53 on Tuesday. The stock has a market cap of C$52.26 billion, a PE ratio of 11.10, a P/E/G ratio of 0.21 and a beta of 1.83. The company has a current ratio of 1.34, a quick ratio of 0.98 and a debt-to-equity ratio of 18.65. Imperial Oil has a 1 year low of C$67.59 and a 1 year high of C$101.63. The stock’s 50 day simple moving average is C$93.38 and its 200-day simple moving average is C$89.55.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last released its quarterly earnings data on Friday, April 26th. The company reported C$2.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$2.00 by C$0.23. The business had revenue of C$12.28 billion for the quarter, compared to analysts’ expectations of C$15.74 billion. Imperial Oil had a return on equity of 20.78% and a net margin of 9.50%. Sell-side analysts forecast that Imperial Oil will post 9.6175299 EPS for the current year.

Imperial Oil Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 1st. Investors of record on Monday, July 1st were issued a $0.60 dividend. The ex-dividend date was Monday, June 3rd. This represents a $2.40 dividend on an annualized basis and a yield of 2.46%. Imperial Oil’s dividend payout ratio is presently 27.30%.

About Imperial Oil

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.