Imperial Oil (IMO) Stock Forecast, Price & News

11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Imperial Oil in the last year. There are currently 1 sell rating, 5 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" IMO shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in IMO, but not buy additional shares or sell existing shares.
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11 analysts have issued 1 year target prices for Imperial Oil's stock. Their IMO share price forecasts range from C$72.00 to C$87.00. On average, they expect the company's share price to reach C$79.31 in the next twelve months. This suggests that the stock has a possible downside of 6.0%.
View analysts price targets for IMO or view top-rated stocks among Wall Street analysts.

Imperial Oil's stock was trading at C$65.95 on January 1st, 2023. Since then, IMO stock has increased by 27.9% and is now trading at C$84.34.
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The company is scheduled to release its next quarterly earnings announcement on Saturday, October 28th 2023.
View our IMO earnings forecast.

Imperial Oil Limited (TSE:IMO) issued its earnings results on Friday, July, 28th. The company reported $1.15 EPS for the quarter, topping the consensus estimate of $1.13 by $0.02. The company earned $11.82 billion during the quarter, compared to analyst estimates of $15.08 billion. Imperial Oil had a trailing twelve-month return on equity of 24.80% and a net margin of 10.66%.

Imperial Oil announced a quarterly dividend on Thursday, August 31st. Investors of record on Sunday, October 1st will be given a dividend of 0.50 per share on Sunday, October 1st. This represents a $2.00 annualized dividend and a yield of 2.37%. The ex-dividend date is Thursday, August 31st.
Read our dividend analysis for IMO.

Imperial Oil (TSE:IMO) pays an annual dividend of C$2.00 per share and currently has a dividend yield of 2.46%. The dividend payout ratio is 21.34%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for IMO.

Based on aggregate information from My MarketBeat watchlists, some companies that other Imperial Oil investors own include Bank of Nova Scotia (BNS), Enbridge (ENB), Suncor Energy (SU), Canadian Natural Resources (CNQ), Husky Energy Inc. (HSE.TO) (HSE), Toronto-Dominion Bank (TD), Air Canada (AC), Canadian Imperial Bank of Commerce (CM), Inter Pipeline (IPL) and Pembina Pipeline (PPL).

Imperial Oil trades on the Toronto Stock Exchange (TSX) under the ticker symbol "IMO."

Shares of IMO stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
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One share of IMO stock can currently be purchased for approximately C$84.34.

Imperial Oil (TSE:IMO) has a market capitalization of C$49.27 billion and generates C$53.29 billion in revenue each year. The company earns C$5.68 billion in net income (profit) each year or C$9.37 on an earnings per share basis.

The company employs 5,300 workers across the globe.

Imperial Oil's mailing address is 505 Quarry Park Blvd SE, CALGARY, AB T2C 5N1, Canada. The official website for the company is www.imperialoil.ca. The company can be reached via phone at +1-587-4763950.