Imperial Oil Limited (TSE:IMO) Receives C$99.69 Average Price Target from Brokerages

Shares of Imperial Oil Limited (TSE:IMO) (NYSEMKT:IMO) have been given a consensus recommendation of “Hold” by the eleven analysts that are covering the firm, Marketbeat Ratings reports. Ten equities research analysts have rated the stock with a hold rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is C$99.08.

A number of analysts have recently commented on the stock. National Bankshares reduced their price target on shares of Imperial Oil from C$115.00 to C$112.00 in a research note on Friday, September 27th. Desjardins lifted their price target on shares of Imperial Oil from C$92.00 to C$101.00 and gave the stock a “hold” rating in a research note on Tuesday, July 23rd. Royal Bank of Canada cut their target price on shares of Imperial Oil from C$108.00 to C$99.00 in a research report on Tuesday, September 17th. TD Securities boosted their target price on shares of Imperial Oil from C$91.00 to C$92.00 and gave the company a “hold” rating in a research report on Thursday, August 8th. Finally, Scotiabank lowered shares of Imperial Oil from an “outperform” rating to a “sector perform” rating and set a C$110.00 target price for the company. in a research report on Wednesday, September 25th.

Imperial Oil Stock Performance

Shares of IMO stock opened at C$103.25 on Friday. The company has a 50 day moving average price of C$97.45 and a 200-day moving average price of C$95.32. Imperial Oil has a 52 week low of C$72.03 and a 52 week high of C$106.09. The firm has a market capitalization of C$55.33 billion, a PE ratio of 10.82, a P/E/G ratio of 0.21 and a beta of 1.80. The company has a quick ratio of 0.98, a current ratio of 1.40 and a debt-to-equity ratio of 18.27.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last announced its quarterly earnings results on Friday, August 2nd. The company reported C$2.11 EPS for the quarter, topping analysts’ consensus estimates of C$1.94 by C$0.17. Imperial Oil had a net margin of 10.09% and a return on equity of 22.17%. The firm had revenue of C$13.38 billion during the quarter, compared to analyst estimates of C$14.30 billion. As a group, equities research analysts expect that Imperial Oil will post 7.6458814 earnings per share for the current year.

Imperial Oil Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Tuesday, October 1st were issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 2.32%. The ex-dividend date of this dividend was Wednesday, September 4th. Imperial Oil’s dividend 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.