Imperial Oil Ltd (TSE:IMO) Receives C$41.62 Consensus PT from Analysts

Imperial Oil Ltd (TSE:IMO) (NYSEMKT:IMO) has received a consensus recommendation of “Hold” from the fourteen ratings firms that are currently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation and four have assigned a hold recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is C$41.62.

A number of brokerages have commented on IMO. Raymond James set a C$37.00 price target on Imperial Oil and gave the stock an “underperform” rating in a research report on Monday, August 12th. National Bank Financial lifted their price objective on Imperial Oil from C$43.00 to C$45.00 and gave the company a “sector perform” rating in a research note on Tuesday, July 16th. CIBC reduced their price objective on Imperial Oil from C$39.00 to C$37.00 in a research note on Thursday, July 18th. Canaccord Genuity reduced their price objective on Imperial Oil from C$45.00 to C$42.00 in a research note on Tuesday, July 9th. Finally, Royal Bank of Canada reduced their price objective on Imperial Oil from C$40.00 to C$39.00 in a research note on Thursday, July 18th.

IMO traded up C$0.28 on Friday, reaching C$32.66. 427,100 shares of the stock were exchanged, compared to its average volume of 887,979. The company’s 50-day moving average price is C$35.46 and its 200 day moving average price is C$36.61. Imperial Oil has a fifty-two week low of C$32.09 and a fifty-two week high of C$44.69. The company has a debt-to-equity ratio of 21.84, a current ratio of 1.44 and a quick ratio of 1.00. The firm has a market capitalization of $24.91 billion and a PE ratio of 8.24.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Wednesday, September 4th will be paid a dividend of $0.22 per share. The ex-dividend date is Tuesday, September 3rd. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.69%. Imperial Oil’s payout ratio is currently 19.93%.

About Imperial Oil

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.

Featured Story: What is a Real Estate Investment Trust (REIT)?

Analyst Recommendations for Imperial Oil (TSE:IMO)

Receive News & Ratings for Imperial Oil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Imperial Oil and related companies with's FREE daily email newsletter.