Imperial Oil Ltd (TSE:IMO) Receives Consensus Rating of “Hold” from Analysts

Shares of Imperial Oil Ltd (TSE:IMO) (NYSEMKT:IMO) have earned a consensus recommendation of “Hold” from the seventeen ratings firms that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation and six have assigned a hold recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is C$37.31.

A number of research firms have recently issued reports on IMO. Royal Bank of Canada dropped their target price on shares of Imperial Oil from C$39.00 to C$37.00 in a report on Friday, October 18th. Raymond James reaffirmed an “underperform” rating and set a C$31.00 target price on shares of Imperial Oil in a report on Wednesday, November 13th. Morgan Stanley dropped their target price on shares of Imperial Oil from C$39.00 to C$38.00 in a report on Wednesday, October 23rd. Tudor Pickering & Holt set a C$37.00 target price on shares of Imperial Oil and gave the stock a “hold” rating in a report on Tuesday. Finally, Goldman Sachs Group upped their target price on shares of Imperial Oil from C$35.00 to C$36.00 in a report on Tuesday, December 17th.

TSE IMO traded down C$0.02 on Tuesday, hitting C$35.04. The company had a trading volume of 776,925 shares, compared to its average volume of 761,601. The company has a market capitalization of $26.40 billion and a PE ratio of 9.74. The company’s fifty day moving average price is C$33.97 and its 200-day moving average price is C$34.17. The company has a debt-to-equity ratio of 21.91, a current ratio of 1.45 and a quick ratio of 1.07. Imperial Oil has a 12-month low of C$31.51 and a 12-month high of C$40.59.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last released its earnings results on Friday, November 1st. The company reported C$0.56 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of C$0.58 by C($0.02). The firm had revenue of C$8.74 billion for the quarter, compared to analyst estimates of C$8.91 billion. On average, sell-side analysts anticipate that Imperial Oil will post 2.4100001 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 1st. Investors of record on Tuesday, December 3rd were issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.51%. The ex-dividend date of this dividend was Monday, December 2nd. Imperial Oil’s dividend payout ratio is currently 22.80%.

Imperial Oil Company Profile

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.

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Analyst Recommendations for Imperial Oil (TSE:IMO)

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