Imperial Oil (TSE:IMO) PT Lowered to C$99.00 at Royal Bank of Canada

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) had its target price lowered by equities researchers at Royal Bank of Canada from C$108.00 to C$99.00 in a report issued on Tuesday, BayStreet.CA reports. Royal Bank of Canada’s target price suggests a potential upside of 8.49% from the stock’s current price.

IMO has been the subject of a number of other reports. TD Securities increased their price target on Imperial Oil from C$91.00 to C$92.00 and gave the company a “hold” rating in a research note on Thursday, August 8th. Scotiabank dropped their target price on Imperial Oil from C$111.00 to C$110.00 in a report on Friday, July 12th. Raymond James set a C$93.00 target price on Imperial Oil and gave the stock a “market perform” rating in a report on Wednesday, May 29th. Wolfe Research raised Imperial Oil to a “strong-buy” rating in a report on Thursday, July 18th. Finally, Desjardins raised their price objective on Imperial Oil from C$92.00 to C$101.00 and gave the company a “hold” rating in a report on Tuesday, July 23rd. Nine analysts have rated the stock with a hold rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Imperial Oil presently has a consensus rating of “Hold” and a consensus price target of C$99.69.

Imperial Oil Stock Up 0.2 %

IMO stock traded up C$0.20 during trading on Tuesday, reaching C$91.25. 202,646 shares of the company traded hands, compared to its average volume of 939,192. Imperial Oil has a 12 month low of C$72.03 and a 12 month high of C$106.09. The business has a 50 day simple moving average of C$97.56 and a 200 day simple moving average of C$94.71. The company has a market capitalization of C$48.90 billion, a price-to-earnings ratio of 9.56, a price-to-earnings-growth ratio of 0.21 and a beta of 1.80. The company has a debt-to-equity ratio of 18.27, a quick ratio of 0.98 and a current ratio of 1.40.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last issued its quarterly earnings data on Friday, August 2nd. The company reported C$2.11 earnings per share for the quarter, beating analysts’ consensus estimates of C$1.94 by C$0.17. Imperial Oil had a return on equity of 22.17% and a net margin of 10.09%. The company had revenue of C$13.38 billion for the quarter, compared to the consensus estimate of C$14.30 billion.

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.