Imperial Oil (NYSEAMERICAN:IMO) Posts Quarterly Earnings Results, Beats Estimates By $1.11 EPS

Imperial Oil (NYSEAMERICAN:IMO - Get Free Report) TSE: IMO posted its earnings results on Friday. The energy company reported $2.52 EPS for the quarter, beating analysts' consensus estimates of $1.41 by $1.11, Briefing.com reports. The firm had revenue of $6.30 billion during the quarter, compared to the consensus estimate of $17.50 billion. Imperial Oil had a return on equity of 20.25% and a net margin of 9.29%. The company's quarterly revenue was up 1.9% compared to the same quarter last year. During the same period in the prior year, the company earned $2.23 EPS.

Imperial Oil Trading Up 1.0 %

Shares of NYSEAMERICAN IMO traded up $0.71 during trading hours on Friday, reaching $68.78. The stock had a trading volume of 503,323 shares, compared to its average volume of 449,898. Imperial Oil has a 52-week low of $58.76 and a 52-week high of $80.17. The firm has a market cap of $35.01 billion, a price-to-earnings ratio of 10.44 and a beta of 1.44. The business's fifty day moving average price is $67.57 and its two-hundred day moving average price is $69.74. The company has a current ratio of 1.34, a quick ratio of 1.23 and a debt-to-equity ratio of 0.17.

Imperial Oil Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Wednesday, March 5th were paid a $0.4972 dividend. This is an increase from Imperial Oil's previous quarterly dividend of $0.43. This represents a $1.99 dividend on an annualized basis and a yield of 2.89%. The ex-dividend date was Wednesday, March 5th. Imperial Oil's dividend payout ratio is currently 25.80%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on IMO shares. Raymond James raised shares of Imperial Oil from a "market perform" rating to an "outperform" rating in a report on Wednesday, April 9th. The Goldman Sachs Group downgraded Imperial Oil from a "neutral" rating to a "sell" rating in a research report on Thursday, March 27th. Scotiabank upgraded Imperial Oil to a "hold" rating in a research report on Wednesday, March 19th. Royal Bank of Canada restated a "sector perform" rating and issued a $101.00 target price on shares of Imperial Oil in a report on Thursday, April 3rd. Finally, Wolfe Research upgraded shares of Imperial Oil from a "peer perform" rating to an "outperform" rating in a report on Monday, April 21st. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $106.33.

Imperial Oil Company Profile

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.