Imperial Oil Limited (IMO.TO) - What Are Researchers Saying About This Stock?

Key Points

• Analyst sentiment is cautious: Nine brokerages give Imperial Oil an average “Reduce” rating, with four sells and five holds. The average 12-month price target is C$149.36, below the stock’s reported C$189.48 opening price.
• Imperial Oil reported quarterly earnings of C$4.52 per share on C$15.98 billion in revenue, with an 18.76% return on equity and a 7.81% net margin.
• The company declared a quarterly dividend of $0.87 per share, equivalent to an annualized $3.48 and a 1.8% yield; its payout ratio is 37.15%.

Imperial Oil Limited (TSE:IMO - Get Free Report) NYSEMKT: IMO has received an average rating of "Reduce" from the nine brokerages that are presently covering the firm, Marketbeat Ratings reports. Four research analysts have rated the stock with a sell rating and five have given a hold rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is C$149.36.

Several research firms have recently commented on IMO. Scotia decreased their price objective on Imperial Oil from C$159.00 to C$156.00 and set a "sector perform" rating for the company in a report on Wednesday, August 5th. Desjardins set a C$160.00 target price on Imperial Oil and gave the stock a "hold" rating in a research report on Friday, July 17th. Raymond James Financial upped their target price on Imperial Oil from C$130.00 to C$140.00 and gave the stock an "underperform" rating in a research report on Wednesday, September 16th. UBS Group increased their target price on Imperial Oil from C$195.00 to C$205.00 in a report on Monday, September 14th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Imperial Oil from C$149.00 to C$158.00 in a research report on Tuesday, July 14th.

Imperial Oil Stock Performance

Shares of Imperial Oil stock opened at C$189.48 on Friday. Imperial Oil has a one year low of C$114.75 and a one year high of C$191.76. The firm has a market capitalization of C$91.63 billion, a price-to-earnings ratio of 22.14, a PEG ratio of 0.21 and a beta of 0.62. The business has a 50-day simple moving average of C$181.06 and a 200 day simple moving average of C$176.05. The company has a debt-to-equity ratio of 17.11, a current ratio of 1.38 and a quick ratio of 0.98.

Imperial Oil (TSE:IMO - Get Free Report) NYSEMKT: IMO last posted its quarterly earnings results on Friday, July 31st. The company reported C$4.52 earnings per share for the quarter. The business had revenue of C$15.98 billion for the quarter. Imperial Oil had a return on equity of 18.76% and a net margin of 7.81%. On average, research analysts anticipate that Imperial Oil will post 8.62 earnings per share for the current fiscal year.

Imperial Oil Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Thursday, October 1st were paid a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date was Friday, September 4th. Imperial Oil's payout ratio is 37.15%.

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. Imperial remains the largest refiner of petroleum products in Canada, operating three refineries with a combined processing capacity of 421 mboe/d.

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