Imperial Oil (TSE:IMO) PT Raised to C$92.00 at Desjardins

Imperial Oil (TSE:IMO - Free Report) NYSEMKT: IMO had its price target lifted by Desjardins from C$88.00 to C$92.00 in a research note issued to investors on Tuesday, BayStreet.CA reports. The brokerage currently has a hold rating on the stock.

IMO has been the topic of a number of other research reports. TD Securities lowered Imperial Oil from a buy rating to a hold rating and raised their target price for the company from C$87.00 to C$88.00 in a report on Thursday, February 29th. BMO Capital Markets raised their price objective on Imperial Oil from C$95.00 to C$115.00 in a research note on Thursday, March 28th. Royal Bank of Canada increased their target price on shares of Imperial Oil from C$85.00 to C$100.00 in a report on Tuesday, April 9th. JPMorgan Chase & Co. dropped their price target on shares of Imperial Oil from C$97.00 to C$94.00 in a research report on Monday, February 12th. Finally, National Bankshares upped their price objective on shares of Imperial Oil from C$90.00 to C$120.00 and gave the stock a sector perform rating in a research report on Friday. Nine research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Imperial Oil presently has a consensus rating of Hold and a consensus target price of C$95.69.

Imperial Oil Stock Up 0.0 %

IMO stock traded up C$0.02 during midday trading on Tuesday, reaching C$96.51. 741,233 shares of the company's stock traded hands, compared to its average volume of 887,441. The company has a quick ratio of 0.98, a current ratio of 1.26 and a debt-to-equity ratio of 19.49. The firm's fifty day moving average price is C$90.60 and its 200-day moving average price is C$82.25. Imperial Oil has a 52 week low of C$60.19 and a 52 week high of C$101.63. The company has a market cap of C$51.71 billion, a price-to-earnings ratio of 11.37, a P/E/G ratio of 0.21 and a beta of 1.84.

Imperial Oil (TSE:IMO - Get Free Report) NYSEMKT: IMO last issued its quarterly earnings data on Friday, February 2nd. The company reported C$2.47 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of C$2.08 by C$0.39. Imperial Oil had a net margin of 9.64% and a return on equity of 21.91%. The firm had revenue of C$13.11 billion during the quarter, compared to analysts' expectations of C$16.57 billion. As a group, sell-side analysts forecast that Imperial Oil will post 8.4369527 earnings per share for the current fiscal year.

Imperial Oil Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Monday, April 1st were given a $0.60 dividend. This is an increase from Imperial Oil's previous quarterly dividend of $0.50. This represents a $2.40 dividend on an annualized basis and a yield of 2.49%. The ex-dividend date of this dividend was Friday, March 1st. Imperial Oil's dividend payout ratio (DPR) is currently 28.27%.

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.