Imperial Oil (TSE:IMO) Upgraded at Wolfe Research

Imperial Oil (TSE:IMO - Get Free Report) NYSEMKT: IMO was upgraded by equities research analysts at Wolfe Research from a "hold" rating to a "strong-buy" rating in a research note issued to investors on Monday,Zacks.com reports.

Several other equities analysts have also commented on the stock. CIBC increased their target price on shares of Imperial Oil from C$105.00 to C$108.00 in a report on Friday, January 17th. Desjardins reduced their target price on shares of Imperial Oil from C$91.00 to C$85.00 and set a "hold" rating on the stock in a report on Tuesday, April 15th. Raymond James raised shares of Imperial Oil from a "market perform" rating to an "outperform" rating and reduced their target price for the company from C$108.00 to C$104.00 in a report on Wednesday, April 9th. Scotiabank raised shares of Imperial Oil to a "hold" rating in a research report on Wednesday, March 19th. Finally, National Bankshares increased their price target on shares of Imperial Oil from C$109.00 to C$110.00 and gave the company a "sector perform" rating in a research report on Thursday, January 30th. One research analyst has rated the stock with a sell rating, six have given a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of C$103.33.

Imperial Oil Trading Up 0.9 %

Shares of IMO stock traded up C$0.82 on Monday, hitting C$95.49. 771,574 shares of the company's stock traded hands, compared to its average volume of 898,693. The company has a debt-to-equity ratio of 18.04, a quick ratio of 0.98 and a current ratio of 1.44. Imperial Oil has a one year low of C$82.98 and a one year high of C$108.89. The company's fifty day simple moving average is C$95.80 and its 200 day simple moving average is C$98.31. The stock has a market capitalization of C$49.85 billion, a price-to-earnings ratio of 10.26, a P/E/G ratio of 0.21 and a beta of 1.78.

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.