Imperial Oil Ltd (NYSEAMERICAN:IMO) Receives $39.29 Consensus Target Price from Brokerages

Imperial Oil Ltd (NYSEAMERICAN:IMO) (TSE:IMO) has been given a consensus rating of “Hold” by the nineteen analysts that are covering the firm, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a sell recommendation, twelve have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $39.38.

IMO has been the topic of a number of recent analyst reports. TheStreet downgraded Imperial Oil from a “b-” rating to a “c+” rating in a research report on Friday, August 23rd. Goldman Sachs Group downgraded Imperial Oil from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $37.00 to $39.00 in a research report on Thursday, September 26th. Zacks Investment Research downgraded Imperial Oil from a “hold” rating to a “strong sell” rating and set a $27.00 price target on the stock. in a research report on Wednesday, August 7th. Citigroup downgraded Imperial Oil from a “neutral” rating to a “sell” rating in a research report on Monday. Finally, GMP Securities downgraded Imperial Oil from a “hold” rating to a “reduce” rating in a research report on Monday, September 30th.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Stonebridge Capital Advisors LLC purchased a new stake in Imperial Oil during the second quarter valued at about $55,000. Van ECK Associates Corp grew its stake in shares of Imperial Oil by 32.2% during the second quarter. Van ECK Associates Corp now owns 2,170 shares of the energy company’s stock valued at $60,000 after buying an additional 528 shares during the last quarter. Glen Harbor Capital Management LLC grew its stake in shares of Imperial Oil by 10.7% during the second quarter. Glen Harbor Capital Management LLC now owns 4,590 shares of the energy company’s stock valued at $122,000 after buying an additional 442 shares during the last quarter. NumerixS Investment Technologies Inc grew its stake in shares of Imperial Oil by 1,900.0% during the first quarter. NumerixS Investment Technologies Inc now owns 6,000 shares of the energy company’s stock valued at $164,000 after buying an additional 5,700 shares during the last quarter. Finally, Qtron Investments LLC bought a new position in shares of Imperial Oil during the second quarter valued at about $217,000.



Shares of IMO stock traded down $0.40 on Wednesday, reaching $23.70. The company’s stock had a trading volume of 14,922 shares, compared to its average volume of 300,591. Imperial Oil has a 12-month low of $23.71 and a 12-month high of $34.56.

Imperial Oil (NYSEAMERICAN:IMO) (TSE:IMO) last issued its quarterly earnings data on Friday, August 2nd. The energy company reported $0.66 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.06. The business had revenue of $6.92 billion during the quarter, compared to analysts’ expectations of $6.66 billion. During the same quarter last year, the business posted $0.24 EPS.

About Imperial Oil

Imperial Oil Limited explores for, produces, and sells crude oil and natural gas in Canada. The company 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, 2017, this segment had 450 million oil-equivalent barrels of proved undeveloped reserves.

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Analyst Recommendations for Imperial Oil (NYSEAMERICAN:IMO)

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