Imperial Oil (TSE:IMO) Price Target Raised to C$110.00 at National Bankshares

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) had its price objective hoisted by equities research analysts at National Bankshares from C$109.00 to C$110.00 in a research report issued on Thursday,BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. National Bankshares’ target price points to a potential upside of 6.32% from the stock’s current price.

Several other equities research analysts also recently weighed in on the company. Royal Bank of Canada raised their price target on Imperial Oil from C$99.00 to C$101.00 in a report on Wednesday, November 6th. Wolfe Research downgraded Imperial Oil from a “strong-buy” rating to a “hold” rating in a report on Friday, January 3rd. TD Securities raised their price objective on shares of Imperial Oil from C$93.00 to C$96.00 and gave the stock a “hold” rating in a research note on Friday, December 13th. BMO Capital Markets increased their price target on shares of Imperial Oil from C$115.00 to C$120.00 in a report on Friday, October 4th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Imperial Oil from C$97.00 to C$100.00 in a research report on Wednesday, November 13th. Ten research analysts have rated the stock with a hold rating, According to MarketBeat.com, Imperial Oil currently has an average rating of “Hold” and a consensus price target of C$104.00.

Imperial Oil Trading Up 2.1 %

IMO traded up C$2.10 during trading on Thursday, hitting C$103.46. 212,568 shares of the stock were exchanged, compared to its average volume of 853,547. The company has a debt-to-equity ratio of 18.27, a quick ratio of 0.98 and a current ratio of 1.40. The firm has a 50 day simple moving average of C$97.56 and a 200 day simple moving average of C$98.87. The firm has a market cap of C$55.44 billion, a price-to-earnings ratio of 10.84, a P/E/G ratio of 0.21 and a beta of 1.78. Imperial Oil has a 1 year low of C$75.53 and a 1 year high of C$108.89.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last issued its earnings results on Friday, November 1st. The company reported C$2.33 earnings per share (EPS) for the quarter, topping the consensus estimate of C$2.02 by C$0.31. Imperial Oil had a net margin of 10.09% and a return on equity of 22.17%. During the same quarter in the previous year, the business posted $2.76 EPS. As a group, equities analysts expect that Imperial Oil will post 8.6164609 EPS for the current year.

Insider Buying and Selling

In other Imperial Oil news, Director Bradley William Corson acquired 4,800 shares of the firm’s stock in a transaction that occurred on Thursday, December 12th. The shares were purchased at an average cost of C$97.44 per share, for a total transaction of C$467,713.92. 71.26% of the stock is currently owned by company insiders.

About Imperial Oil

Imperial Oil is one of Canada’s largest integrated oil companies, focusing on upstream operations, petroleum refining operations, and the marketing of petroleum products. Production averaged 398 thousand barrels of oil equivalent per day in 2020. The company estimates that it holds 5.2 billion boe of proved and probable crude oil and natural gas reserves.