Imperial Oil (IMO) to Release Earnings on Friday

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) is set to announce its earnings results before the market opens on Friday, April 26th. Analysts expect the company to announce earnings of C$2.09 per share for the quarter.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last released its earnings results on Friday, February 2nd. The company reported C$2.47 EPS for the quarter, topping analysts’ consensus estimates of C$2.08 by C$0.39. Imperial Oil had a net margin of 9.64% and a return on equity of 21.91%. The business had revenue of C$13.11 billion during the quarter, compared to analysts’ expectations of C$16.57 billion.

Imperial Oil Stock Up 0.0 %

IMO opened at C$96.51 on Wednesday. The company has a quick ratio of 0.98, a current ratio of 1.26 and a debt-to-equity ratio of 19.49. Imperial Oil has a twelve month low of C$60.19 and a twelve month high of C$101.63. The company has a market cap of C$51.71 billion, a PE ratio of 11.37, a price-to-earnings-growth ratio of 0.21 and a beta of 1.84. The company has a 50-day moving average price of C$90.60 and a 200 day moving average price of C$82.25.

Imperial Oil Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Monday, April 1st were given a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 2.49%. The ex-dividend date was Friday, March 1st. This is an increase from Imperial Oil’s previous quarterly dividend of $0.50. Imperial Oil’s dividend payout ratio (DPR) is 28.27%.

Wall Street Analysts Forecast Growth

IMO has been the subject of several recent research reports. JPMorgan Chase & Co. reduced their price objective on Imperial Oil from C$97.00 to C$94.00 in a research note on Monday, February 12th. BMO Capital Markets increased their target price on shares of Imperial Oil from C$95.00 to C$115.00 in a research report on Thursday, March 28th. Desjardins boosted their price target on shares of Imperial Oil from C$88.00 to C$92.00 and gave the stock a “hold” rating in a research report on Tuesday. Royal Bank of Canada increased their price objective on shares of Imperial Oil from C$85.00 to C$100.00 in a report on Tuesday, April 9th. Finally, CIBC raised their target price on shares of Imperial Oil from C$90.00 to C$105.00 and gave the stock a “neutral” rating in a research note on Monday. Nine equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of C$95.69.

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.