Imperial Oil Limited (TSE:IMO - Get Free Report) NYSEMKT: IMO's stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$169.26 and traded as high as C$182.13. Imperial Oil shares last traded at C$182.00, with a volume of 721,731 shares changing hands.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently weighed in on IMO shares. Scotia cut their price objective on 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. National Bank Financial decreased their target price on Imperial Oil from C$214.00 to C$209.00 and set a "sector perform" rating for the company in a report on Wednesday, August 5th. Scotiabank upgraded Imperial Oil to a "hold" rating in a report on Friday, June 26th. JPMorgan Chase & Co. raised their price target on Imperial Oil from C$149.00 to C$158.00 in a research note on Tuesday, July 14th. Finally, TD lifted their price target on shares of Imperial Oil from C$150.00 to C$151.00 and gave the company a "sell" rating in a report on Wednesday, August 5th. Five equities research analysts have rated the stock with a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Reduce" and a consensus target price of C$143.25.
Check Out Our Latest Report on IMO
Imperial Oil Price Performance
The firm has a fifty day moving average price of C$170.47 and a two-hundred day moving average price of C$169.26. The company has a quick ratio of 0.98, a current ratio of 1.38 and a debt-to-equity ratio of 17.11. The stock has a market capitalization of C$88.01 billion, a P/E ratio of 21.26, a P/E/G ratio of 0.21 and a beta of 0.40.
Imperial Oil (TSE:IMO - Get Free Report) NYSEMKT: IMO last posted its quarterly earnings results on Friday, July 31st. The company reported C$4.52 EPS for the quarter. Imperial Oil had a net margin of 7.81% and a return on equity of 18.76%. The firm had revenue of C$15.98 billion for the quarter. On average, analysts expect that Imperial Oil Limited will post 8.6164609 EPS for the current year.
Imperial Oil Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 1st. Stockholders of record on Wednesday, July 1st were given a dividend of $0.87 per share. The ex-dividend date of this dividend was Thursday, June 4th. This represents a $3.48 annualized dividend and a dividend yield of 1.9%. Imperial Oil's dividend payout ratio is presently 37.15%.
Imperial Oil Company Profile
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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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