Imperial Oil (TSE:IMO) Rating Lowered to "Hold" at Wolfe Research

Imperial Oil (TSE:IMO - Get Free Report) NYSEMKT: IMO was downgraded by investment analysts at Wolfe Research from a "strong-buy" rating to a "hold" rating in a report released on Wednesday,Zacks.com reports.

A number of other research firms have also commented on IMO. TD Securities decreased their price objective on shares of Imperial Oil from C$94.00 to C$92.00 and set a "hold" rating for the company in a research note on Monday, April 21st. Desjardins lowered shares of Imperial Oil from a "hold" rating to a "strong sell" rating in a research note on Tuesday, June 3rd. The Goldman Sachs Group lowered shares of Imperial Oil from a "neutral" rating to a "sell" rating in a research note on Thursday, March 27th. Scotiabank lifted their target price on shares of Imperial Oil from C$100.00 to C$110.00 in a research note on Friday, July 11th. Finally, Raymond James Financial lowered shares of Imperial Oil from a "moderate buy" rating to a "hold" rating and lifted their target price for the company from C$105.00 to C$107.00 in a research note on Thursday, July 3rd. Two research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. Based on data from MarketBeat, Imperial Oil has an average rating of "Hold" and a consensus target price of C$104.11.

Imperial Oil Trading Up 0.2%

Imperial Oil stock traded up C$0.22 during midday trading on Wednesday, reaching C$114.76. The stock had a trading volume of 526,910 shares, compared to its average volume of 784,054. The firm's fifty day simple moving average is C$106.87 and its two-hundred day simple moving average is C$100.33. Imperial Oil has a twelve month low of C$82.98 and a twelve month high of C$115.85. The company has a debt-to-equity ratio of 18.04, a current ratio of 1.44 and a quick ratio of 0.98. The firm has a market cap of C$59.91 billion, a price-to-earnings ratio of 12.33, a PEG ratio of 0.21 and a beta of 1.78.

Imperial Oil Company Profile

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.