FY2017 Earnings Forecast for Imperial Oil Ltd (IMO) Issued By National Bank Financial
Imperial Oil Ltd (TSE:IMO) (NYSEMKT:IMO) – National Bank Financial upped their FY2017 earnings per share (EPS) estimates for shares of Imperial Oil in a research note issued on Wednesday. National Bank Financial analyst T. Wood now anticipates that the company will earn $1.05 per share for the year, up from their prior estimate of $0.50. National Bank Financial also issued estimates for Imperial Oil’s FY2018 earnings at $1.09 EPS.
Several other analysts also recently commented on the stock. Barclays PLC dropped their target price on shares of Imperial Oil from C$44.00 to C$38.00 and set an “underweight” rating on the stock in a report on Thursday, November 2nd. TD Securities dropped their target price on shares of Imperial Oil from C$44.00 to C$43.00 and set a “hold” rating on the stock in a report on Thursday, August 3rd. AltaCorp Capital downgraded shares of Imperial Oil from a “sector perform” rating to an “underperform” rating in a report on Wednesday, August 23rd. Royal Bank Of Canada dropped their target price on shares of Imperial Oil from C$41.00 to C$40.00 and set a “sector perform” rating on the stock in a report on Friday, August 4th. Finally, J P Morgan Chase & Co lifted their price objective on shares of Imperial Oil from C$36.00 to C$38.00 and gave the company an “underweight” rating in a report on Thursday, September 14th. Four investment analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. The company presently has an average rating of “Hold” and a consensus target price of C$42.92.
Shares of Imperial Oil (IMO) opened at C$40.02 on Monday. Imperial Oil has a 52-week low of C$35.15 and a 52-week high of C$48.72.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 1st. Shareholders of record on Friday, December 1st will be given a dividend of $0.16 per share. The ex-dividend date is Thursday, November 30th. This represents a $0.64 dividend on an annualized basis and a yield of 1.60%.
About Imperial Oil
Imperial Oil Limited is an integrated oil company. The Company is engaged in all the phases of the petroleum industry in Canada, including exploration for, and production and sale of, crude oil and natural gas. Its operations are conducted in three segments: Upstream, Downstream and Chemical. The Upstream operations include the exploration for, and production of, crude oil, natural gas, synthetic oil and bitumen.
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