Zacks Research Boosts Earnings Estimates 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 - Investment analysts at Zacks Research raised their FY2025 earnings per share (EPS) estimates for Imperial Oil in a research note issued to investors on Monday, September 1st. Zacks Research analyst Team now forecasts that the company will post earnings of $7.49 per share for the year, up from their previous 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.

IMO has been the topic of several other reports. Desjardins downgraded Imperial Oil from a "hold" rating to a "strong sell" rating in a report on Tuesday, June 3rd. TD Securities increased their price target on 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. Scotiabank raised their price target on Imperial Oil from C$100.00 to C$110.00 in a research note on Friday, July 11th. Royal Bank Of Canada decreased their price objective on Imperial Oil from C$110.00 to C$108.00 and set a "sector perform" rating for the company in a report on Thursday, August 7th. Finally, Wolfe Research downgraded Imperial Oil from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 23rd. Eight investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of "Reduce" and an average target price of C$106.00.

Imperial Oil Stock Down 1.1%

Shares of TSE:IMO opened at C$121.63 on Thursday. Imperial Oil has a 1 year low of C$82.98 and a 1 year high of C$125.25. The business has a 50 day simple moving average of C$115.26 and a two-hundred day simple moving average of C$104.25. The firm has a market capitalization of C$61.92 billion, a PE ratio of 13.41, a price-to-earnings-growth ratio of 0.21 and a beta of 1.16. The company has a debt-to-equity ratio of 18.04, a current ratio of 1.44 and a quick ratio of 0.98.

Imperial Oil Increases Dividend

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

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