Zacks Research Forecasts Stronger Earnings for Imperial Oil

Key Points

• Zacks Research has increased its FY2025 earnings per share (EPS) estimate for Imperial Oil to $7.49, slightly up from a previous forecast of $7.44.
• Imperial Oil has announced a quarterly dividend increase to $0.74 per share, reflecting an annualized dividend of $2.96 and a yield of 2.4%.
• Despite positive earnings upgrades, several analysts have mixed opinions on the stock, with recent ratings ranging from a "strong sell" to a "hold."

Imperial Oil Limited (TSE:IMO - Free Report) NYSEMKT: IMO - Stock analysts at Zacks Research boosted their FY2025 earnings estimates for shares of Imperial Oil in a research note issued on Monday, September 1st. Zacks Research analyst Team now anticipates that the company will earn $7.49 per share for the year, up from their prior forecast of $7.44. The consensus estimate for Imperial Oil's current full-year earnings is $8.62 per share. Zacks Research also issued estimates for Imperial Oil's Q2 2026 earnings at $1.95 EPS, Q3 2026 earnings at $1.44 EPS and Q1 2027 earnings at $2.94 EPS.

A number of other equities analysts have also commented on IMO. TD Securities raised their target price on shares of Imperial Oil from C$95.00 to C$102.00 and gave the stock a "hold" rating in a research report on Thursday, August 7th. Wolfe Research lowered shares of Imperial Oil from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, July 23rd. Raymond James Financial lowered shares of Imperial Oil from a "moderate buy" rating to a "hold" rating and raised their target price for the stock from C$105.00 to C$107.00 in a research report on Thursday, July 3rd. Royal Bank Of Canada reduced their target price on shares of Imperial Oil from C$110.00 to C$108.00 and set a "sector perform" rating on the stock in a research report on Thursday, August 7th. Finally, Desjardins lowered shares of Imperial Oil from a "hold" rating to a "strong sell" rating in a research report on Tuesday, June 3rd. Eight equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Imperial Oil has a consensus rating of "Reduce" and an average target price of C$106.00.

Imperial Oil Trading Up 3.0%

Imperial Oil stock traded up C$3.67 during midday trading on Thursday, reaching C$124.52. The stock had a trading volume of 242,323 shares, compared to its average volume of 788,387. The firm has a market cap of C$63.39 billion, a price-to-earnings ratio of 13.73, a price-to-earnings-growth ratio of 0.21 and a beta of 1.21. The company has a fifty day moving average of C$115.96 and a 200 day moving average of C$104.72. Imperial Oil has a 52-week low of C$82.98 and a 52-week high of C$125.25. The company has a quick ratio of 0.98, a current ratio of 1.44 and a debt-to-equity ratio of 18.04.

Imperial Oil Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Wednesday, October 1st will be issued a dividend of $0.74 per share. The ex-dividend date of this dividend is Thursday, September 4th. This is a positive change from Imperial Oil's previous quarterly dividend of $0.72. This represents a $2.96 annualized dividend and a yield of 2.4%. Imperial Oil's dividend payout ratio is 29.11%.

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.