Imperial Oil - IMO Stock Forecast, Price & News

12 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Imperial Oil in the last twelve months. There are currently 2 sell ratings, 6 hold ratings and 4 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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12 Wall Street analysts have issued 12-month price objectives for Imperial Oil's stock. Their IMO share price forecasts range from C$69.00 to C$85.00. On average, they predict the company's stock price to reach C$77.77 in the next year. This suggests a possible upside of 22.3% from the stock's current price.
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 at the start of the year. Since then, IMO shares have decreased by 3.6% and is now trading at C$63.60.
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The company is scheduled to release its next quarterly earnings announcement on Friday, May 5th 2023.
View our IMO earnings forecast.

Imperial Oil Limited (TSE:IMO) posted its quarterly earnings data on Tuesday, January, 31st. The company reported $2.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.46 by $0.40. The company earned $14.45 billion during the quarter, compared to analyst estimates of $17.82 billion. Imperial Oil had a net margin of 12.35% and a trailing twelve-month return on equity of 33.25%.

Imperial Oil announced a quarterly dividend on Thursday, March 2nd. Investors of record on Saturday, April 1st will be paid a dividend of 0.44 per share on Saturday, April 1st. This represents a $1.76 dividend on an annualized basis and a yield of 2.77%. The ex-dividend date of this dividend is Thursday, March 2nd.
Read our dividend analysis for IMO.

Imperial Oil (TSE:IMO) pays an annual dividend of C$1.76 per share and currently has a dividend yield of 2.51%. The dividend payout ratio is 15.53%. 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$63.60.

Imperial Oil (TSE:IMO) has a market capitalization of C$37.15 billion and generates C$59.41 billion in revenue each year. The company earns C$7.34 billion in net income (profit) each year or C$11.33 on an earnings per share basis.

The company employs 5,400 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.