Imperial Oil Limited (TSE:IMO) Stock Now Rated "Reduce" by Wall Street Brokerages

Key Points

• Analyst sentiment is cautious: Imperial Oil received a consensus “Reduce” rating from 10 brokerages—four sell and six hold—with an average 12-month price target of C$153.92.
• Recent analyst targets varied, ranging from C$156 at Scotia to C$205 at UBS; TD raised its target to C$164 while retaining a sell rating.
• Imperial Oil reported quarterly EPS of C$5.11 and revenue of C$16.18 billion. Its quarterly dividend of C$0.87 per share equates to C$3.48 annually, or a 2.0% yield.

Shares of Imperial Oil Limited (TSE:IMO - Get Free Report) NYSEMKT: IMO have been assigned a consensus recommendation of "Reduce" from the ten research firms that are currently covering the firm, Marketbeat.com reports. Four analysts have rated the stock with a sell rating and six have issued a hold rating on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is C$153.92.

Several research analysts have recently issued reports on IMO shares. JPMorgan Chase & Co. upped their target price on shares of Imperial Oil from C$149.00 to C$158.00 in a report on Tuesday, July 14th. Scotia reduced 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 research report on Wednesday, August 5th. TD upped their price objective on shares of Imperial Oil from C$158.00 to C$164.00 and gave the company a "sell" rating in a research note on Tuesday, November 3rd. Desjardins upped their price objective on shares of Imperial Oil from C$165.00 to C$172.00 and gave the company a "hold" rating in a research note on Tuesday, October 20th. Finally, UBS Group raised their price objective on Imperial Oil from C$195.00 to C$205.00 in a report on Monday, September 14th.

Imperial Oil Trading Up 0.2%

IMO opened at C$174.99 on Wednesday. The company has a debt-to-equity ratio of 17.27, a quick ratio of 0.98 and a current ratio of 1.30. Imperial Oil has a one year low of C$114.75 and a one year high of C$194.17. The company has a market cap of C$82.60 billion, a P/E ratio of 13.92, a PEG ratio of 0.21 and a beta of 0.56. The business's 50-day simple moving average is C$181.03 and its 200-day simple moving average is C$173.27.

Imperial Oil (TSE:IMO - Get Free Report) NYSEMKT: IMO last announced its quarterly earnings results on Friday, October 30th. The company reported C$5.11 earnings per share (EPS) for the quarter. The firm had revenue of C$16.18 billion during the quarter. Imperial Oil had a return on equity of 25.85% and a net margin of 10.85%. As a group, equities research analysts expect that Imperial Oil will post 8.62 EPS for the current fiscal year.

Imperial Oil Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Stockholders of record on Thursday, October 1st were given a dividend of $0.87 per share. The ex-dividend date was Friday, September 4th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.0%. Imperial Oil's dividend payout ratio (DPR) is 26.49%.

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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