Imperial Oil Limited (TSE:IMO) Receives Average Recommendation of "Reduce" from Analysts

Key Points

• Analyst sentiment is bearish: Imperial Oil has an average “Reduce” rating, with five sell ratings and five holds. The average 12-month price target is C$146.08.
• Imperial Oil reported quarterly EPS of C$4.52 on revenue of C$15.98 billion, while analysts expect full-year EPS of approximately C$8.62.
• The company declared a quarterly dividend of $0.87 per share, equal to $3.48 annually and a 2.0% yield, with a payout ratio of 37.15%.

Imperial Oil Limited (TSE:IMO - Get Free Report) NYSEMKT: IMO has earned an average recommendation of "Reduce" from the ten analysts that are currently covering the stock, MarketBeat reports. Five research analysts have rated the stock with a sell recommendation and five have issued a hold recommendation on the company. The average 12-month target price among analysts that have covered the stock in the last year is C$146.08.

Several equities analysts have recently issued reports on the company. UBS Group lifted their price objective on Imperial Oil from C$195.00 to C$205.00 in a research note on Monday, September 14th. Scotiabank raised shares of Imperial Oil to a "hold" rating in a report on Friday, June 26th. National Bank Financial decreased their price target on shares of Imperial Oil from C$214.00 to C$209.00 and set a "sector perform" rating for the company in a research note on Wednesday, August 5th. Scotia lowered their price target on shares of 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. Finally, TD increased their price objective on shares of Imperial Oil from C$150.00 to C$151.00 and gave the company a "sell" rating in a research report on Wednesday, August 5th.

Imperial Oil Stock Down 2.3%

Imperial Oil stock opened at C$177.58 on Tuesday. The firm has a market capitalization of C$85.88 billion, a P/E ratio of 20.75, a P/E/G ratio of 0.21 and a beta of 0.41. The company has a current ratio of 1.38, a quick ratio of 0.98 and a debt-to-equity ratio of 17.11. Imperial Oil has a twelve month low of C$114.75 and a twelve month high of C$191.76. The stock's fifty day simple moving average is C$180.83 and its 200-day simple moving average is C$175.08.

Imperial Oil (TSE:IMO - Get Free Report) NYSEMKT: IMO last released its earnings results on Friday, July 31st. The company reported C$4.52 EPS for the quarter. Imperial Oil had a return on equity of 18.76% and a net margin of 7.81%.The firm had revenue of C$15.98 billion during the quarter. As a group, equities analysts expect that Imperial Oil will post 8.6164609 earnings per share for the current fiscal year.

Imperial Oil Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Thursday, October 1st will be paid a dividend of $0.87 per share. The ex-dividend date is Friday, September 4th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.0%. Imperial Oil's payout ratio is presently 37.15%.

Imperial Oil Company Profile

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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