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

Key Points

• Imperial Oil has a consensus “Reduce” rating from 10 analysts: five recommend selling and five advise holding. The average one-year price target is C$143.25.
• Analysts recently made mixed adjustments, with target prices ranging from C$151 to C$209; TD maintained a “sell” rating, while National Bank and Scotia assigned “sector perform” ratings.
• Imperial Oil opened at C$183.23 and recently reported quarterly earnings of C$4.52 per share on C$15.98 billion in revenue. The company also pays an annualized dividend of C$3.48 per share, yielding about 1.9%.

Imperial Oil Limited (TSE:IMO - Get Free Report) NYSEMKT: IMO has been given a consensus rating of "Reduce" by the ten analysts that are presently covering the stock, MarketBeat reports. Five investment analysts have rated the stock with a sell recommendation and five have assigned a hold recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is C$143.25.

Several analysts recently issued reports on IMO shares. JPMorgan Chase & Co. upped their target price on Imperial Oil from C$149.00 to C$158.00 in a report on Tuesday, July 14th. National Bank Financial dropped their price objective on Imperial Oil from C$214.00 to C$209.00 and set a "sector perform" rating on the stock in a research note on Wednesday, August 5th. TD raised their target price on shares of Imperial Oil from C$150.00 to C$151.00 and gave the company a "sell" rating in a research note on Wednesday, August 5th. Scotiabank upgraded shares of Imperial Oil to a "hold" rating in a report on Friday, June 26th. Finally, Scotia dropped their price target on shares of Imperial Oil from C$159.00 to C$156.00 and set a "sector perform" rating on the stock in a research report on Wednesday, August 5th.

Imperial Oil Price Performance

TSE IMO opened at C$183.23 on Friday. The company has a quick ratio of 0.98, a current ratio of 1.38 and a debt-to-equity ratio of 17.11. Imperial Oil has a 12-month low of C$114.75 and a 12-month high of C$191.76. The company has a market capitalization of C$88.61 billion, a PE ratio of 21.41, a price-to-earnings-growth ratio of 0.21 and a beta of 0.40. The firm's 50 day moving average is C$174.61 and its 200-day moving average is C$172.58.

Imperial Oil (TSE:IMO - Get Free Report) NYSEMKT: IMO last released its 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 during the quarter. Imperial Oil had a net margin of 7.81% and a return on equity of 18.76%. Equities research analysts anticipate that Imperial Oil will post 8.6164609 earnings per share for the current fiscal year.

Imperial Oil Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 1st. Stockholders of record on Wednesday, July 1st were paid a dividend of $0.87 per share. The ex-dividend date was Thursday, June 4th. This represents a $3.48 annualized dividend and a dividend yield of 1.9%. Imperial Oil's payout ratio is currently 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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