Imperial Oil (IMO) Scheduled to Post Quarterly Earnings on Friday

Imperial Oil (TSE:IMO - Get Free Report) NYSEMKT: IMO will post its quarterly earnings results before the market opens on Friday, April 26th. Analysts expect Imperial Oil to post earnings of C$2.09 per share for the quarter.

Imperial Oil (TSE:IMO - Get Free Report) NYSEMKT: IMO last posted its quarterly earnings results on Friday, February 2nd. The company reported C$2.47 earnings per share for the quarter, beating analysts' consensus estimates of C$2.08 by C$0.39. The firm had revenue of C$13.11 billion during the quarter, compared to the consensus estimate of C$16.57 billion. Imperial Oil had a return on equity of 21.91% and a net margin of 9.64%.

Imperial Oil Stock Up 1.2 %

IMO stock traded up C$1.12 during mid-day trading on Friday, reaching C$95.63. The company had a trading volume of 564,487 shares, compared to its average volume of 892,999. The company has a debt-to-equity ratio of 19.49, a current ratio of 1.26 and a quick ratio of 0.98. Imperial Oil has a 52 week low of C$60.19 and a 52 week high of C$101.63. The stock has a 50 day simple moving average of C$89.94 and a two-hundred day simple moving average of C$81.96. The company has a market capitalization of C$51.24 billion, a price-to-earnings ratio of 11.26, a PEG ratio of 0.21 and a beta of 1.84.

Imperial Oil Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Monday, April 1st were paid a dividend of $0.60 per share. This is an increase from Imperial Oil's previous quarterly dividend of $0.50. This represents a $2.40 annualized dividend and a dividend yield of 2.51%. The ex-dividend date of this dividend was Friday, March 1st. Imperial Oil's payout ratio is currently 28.27%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on IMO shares. National Bankshares lifted their price target on Imperial Oil from C$90.00 to C$120.00 and gave the stock a "sector perform" rating in a report on Friday. BMO Capital Markets lifted their price target on Imperial Oil from C$95.00 to C$115.00 in a report on Thursday, March 28th. JPMorgan Chase & Co. dropped their price target on Imperial Oil from C$97.00 to C$94.00 in a report on Monday, February 12th. TD Securities cut Imperial Oil from a "buy" rating to a "hold" rating and lifted their price target for the stock from C$87.00 to C$88.00 in a report on Thursday, February 29th. Finally, ATB Capital lifted their price objective on Imperial Oil from C$85.00 to C$90.00 and gave the company a "sector perform" rating in a report on Wednesday, March 20th. 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 currently has a consensus rating of "Hold" and an average price target of C$94.23.

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.