Imperial Oil (TSE:IMO) PT Raised to C$91.00 at TD Securities

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) had its target price raised by investment analysts at TD Securities from C$89.00 to C$91.00 in a report released on Tuesday, BayStreet.CA reports. The brokerage currently has a “hold” rating on the stock. TD Securities’ price target would suggest a potential downside of 1.83% from the stock’s current price.

Several other equities analysts have also issued reports on IMO. National Bankshares lifted their price target on Imperial Oil from C$90.00 to C$120.00 and gave the stock a “sector perform” rating in a research report on Friday, April 19th. CIBC boosted their target price on Imperial Oil from C$90.00 to C$105.00 and gave the stock a “neutral” rating in a research report on Monday, April 22nd. ATB Capital boosted their target price on Imperial Oil from C$85.00 to C$90.00 and gave the stock a “sector perform” rating in a research report on Wednesday, March 20th. Desjardins boosted their target price on Imperial Oil from C$88.00 to C$92.00 and gave the stock a “hold” rating in a research report on Tuesday, April 23rd. Finally, JPMorgan Chase & Co. cut their price target on Imperial Oil from C$97.00 to C$94.00 in a research note on Monday, February 12th. Nine research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of C$96.31.

Imperial Oil Stock Performance

Shares of Imperial Oil stock opened at C$92.70 on Tuesday. The business has a fifty day simple moving average of C$92.41 and a two-hundred day simple moving average of C$82.84. The company has a current ratio of 1.26, a quick ratio of 0.98 and a debt-to-equity ratio of 19.49. The firm has a market capitalization of C$49.67 billion, a P/E ratio of 10.92, a P/E/G ratio of 0.21 and a beta of 1.84. Imperial Oil has a 12 month low of C$60.19 and a 12 month high of C$101.63.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last posted its quarterly earnings results on Friday, February 2nd. The company reported C$2.47 earnings per share (EPS) for the quarter, topping the consensus estimate of C$2.08 by C$0.39. The firm had revenue of C$13.11 billion during the quarter, compared to analyst estimates of C$16.57 billion. Imperial Oil had a return on equity of 21.91% and a net margin of 9.64%. On average, equities analysts forecast that Imperial Oil will post 8.4369527 earnings per share for the current fiscal year.

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.