Imperial Oil - IMO Stock Forecast, Price & News

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 for, and produces crude oil, natural gas, synthetic oil, and bitumen. As of December 31, 2021, this segment had 386 million oil-equivalent barrels of proved undeveloped reserves. The Downstream segment is involved in the transportation and refining of crude oil, blending of refined products and the distribution, and marketing of refined products. It also transports crude oil to refineries by contracted pipelines, common carrier pipelines, and rail; maintains a distribution system to move petroleum products to market by pipeline, tanker, rail, and road transport; and owns and operates fuel terminals, natural gas liquids, and products pipelines in Alberta, Manitoba, and Ontario. In addition, this segment markets and supplies petroleum products to motoring public through approximately 2,400 Esso and Mobil-branded sites. Further, it sells petroleum products, including fuel, asphalt, and lubricants for industrial and transportation customers, independent marketers, and resellers, as well as other refiners serving the agriculture, residential heating, and commercial markets through branded fuel and lubricant resellers. The Chemical segment manufactures and markets various petrochemicals, benzene, aromatic and aliphatic solvents, plasticizer intermediates, and polyethylene resin. Imperial Oil Limited has a strategic agreement with E3 Metals Corp. to advance a lithium-extraction pilot in Alberta. The company was incorporated in 1880 and is headquartered in Calgary, Canada. Imperial Oil Limited is a subsidiary of Exxon Mobil Corporation.

Imperial Oil Trading Up 0.2 %

Shares of IMO traded up C$0.10 during trading hours on Friday, reaching C$58.87. The stock had a trading volume of 721,180 shares, compared to its average volume of 1,520,227. The company has a quick ratio of 0.96, a current ratio of 1.18 and a debt-to-equity ratio of 24.45. Imperial Oil has a 52 week low of C$30.64 and a 52 week high of C$72.96. The firm has a 50-day moving average of C$60.42 and a 200 day moving average of C$60.49. The company has a market cap of C$37.48 billion and a P/E ratio of 7.55.

Imperial Oil (TSE:IMO - Get Rating) (NYSEMKT:IMO) last announced its earnings results on Friday, July 29th. The company reported C$3.63 earnings per share for the quarter, topping analysts' consensus estimates of C$3.25 by C$0.38. The company had revenue of C$17.31 billion during the quarter, compared to analyst estimates of C$22.09 billion. On average, sell-side analysts expect that Imperial Oil will post 10.7700005 earnings per share for the current fiscal year.

Imperial Oil Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Saturday, October 1st. Investors of record on Friday, September 2nd will be paid a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 2.31%. The ex-dividend date is Thursday, September 1st. Imperial Oil's payout ratio is presently 17.44%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on IMO. National Bankshares decreased their price objective on Imperial Oil from C$93.00 to C$86.00 and set a "sector perform" rating on the stock in a report on Monday, July 18th. JPMorgan Chase & Co. boosted their target price on Imperial Oil from C$77.00 to C$79.00 in a report on Monday, May 2nd. Credit Suisse Group restated a "neutral" rating and issued a C$72.00 price objective on shares of Imperial Oil in a research report on Thursday. TD Securities boosted their price objective on shares of Imperial Oil from C$65.00 to C$71.00 and gave the stock a "hold" rating in a research report on Thursday, May 5th. Finally, BMO Capital Markets boosted their price objective on shares of Imperial Oil from C$65.00 to C$70.00 in a research report on Monday, May 2nd. Eleven investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, Imperial Oil currently has an average rating of "Hold" and an average target price of C$69.12.