Zacks Research Upgrades Imperial Oil (NYSEAMERICAN:IMO) to Strong-Buy

Key Points

• Imperial Oil has received a rating upgrade from Zacks Research, moving from "hold" to "strong-buy," indicating positive market sentiment towards the company.
• Current earnings estimates project $5.36 EPS for FY2025 and $4.95 EPS for FY2026, signaling expected growth in profitability.
• Despite the upgrade from Zacks, other analysts have issued mixed ratings, with revisions like a downgrade from "strong-buy" to "hold" by Tudor Pickering and "strong sell" by Desjardins.

Imperial Oil (NYSEAMERICAN:IMO - Get Free Report) TSE: IMO was upgraded by stock analysts at Zacks Research from a "hold" rating to a "strong-buy" rating in a research report issued on Thursday,Zacks.com reports. Zacks Research also issued estimates for Imperial Oil's Q3 2025 earnings at $1.23 EPS, Q4 2025 earnings at $1.04 EPS, FY2025 earnings at $5.36 EPS, Q1 2026 earnings at $1.31 EPS, Q2 2026 earnings at $1.40 EPS, Q3 2026 earnings at $1.04 EPS, FY2026 earnings at $4.95 EPS and Q1 2027 earnings at $2.11 EPS.

IMO has been the subject of a number of other reports. Desjardins cut shares of Imperial Oil from a "hold" rating to a "strong sell" rating in a research report on Tuesday, June 3rd. BMO Capital Markets reiterated an "outperform" rating on shares of Imperial Oil in a research report on Monday, August 4th. Wolfe Research cut shares of Imperial Oil from an "outperform" rating to a "peer perform" rating in a research report on Wednesday, July 23rd. Raymond James Financial cut shares of Imperial Oil from a "moderate buy" rating to a "hold" rating in a research report on Thursday, July 3rd. Finally, Tudor Pickering cut shares of Imperial Oil from a "strong-buy" rating to a "hold" rating in a research report on Friday, July 25th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, five have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $105.50.

Imperial Oil Price Performance

Shares of Imperial Oil stock traded up $0.14 on Thursday, reaching $87.42. 406,203 shares of the stock were exchanged, compared to its average volume of 350,425. The firm's 50 day moving average is $84.39 and its 200-day moving average is $75.30. Imperial Oil has a one year low of $58.76 and a one year high of $91.17. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.34 and a current ratio of 1.58. The firm has a market cap of $44.29 billion, a PE ratio of 13.47 and a beta of 0.94.

Institutional Trading of Imperial Oil

A number of large investors have recently added to or reduced their stakes in the stock. TD Asset Management Inc increased its holdings in Imperial Oil by 1.0% during the first quarter. TD Asset Management Inc now owns 4,873,843 shares of the energy company's stock worth $352,014,000 after buying an additional 47,898 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in Imperial Oil by 395.8% during the first quarter. Goldman Sachs Group Inc. now owns 4,546,520 shares of the energy company's stock worth $328,804,000 after buying an additional 3,629,568 shares during the last quarter. Bank of Montreal Can increased its holdings in Imperial Oil by 16.2% during the second quarter. Bank of Montreal Can now owns 3,235,443 shares of the energy company's stock worth $257,194,000 after buying an additional 451,369 shares during the last quarter. Bank of America Corp DE increased its holdings in Imperial Oil by 31.6% during the second quarter. Bank of America Corp DE now owns 2,945,528 shares of the energy company's stock worth $234,111,000 after buying an additional 707,985 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its holdings in Imperial Oil by 18.4% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,053,989 shares of the energy company's stock worth $163,413,000 after buying an additional 318,696 shares during the last quarter. Hedge funds and other institutional investors own 20.74% of the company's stock.

About Imperial Oil

Imperial Oil Limited engages in exploration, production, and sale of crude oil and natural gas in Canada. The company operates through three segments: Upstream, Downstream and Chemical segments. The Upstream segment explores and produces crude oil, natural gas, synthetic crude oil, and bitumen. The Downstream segment transports and refines crude oil, blends refined products, and distributes and markets of refined products.