Imperial Oil Limited (IMO) Given Average Rating of “Hold” by Analysts
Shares of Imperial Oil Limited (NASDAQ:IMO) have been assigned a consensus broker rating score of 3.46 (Hold) from the thirteen analysts that provide coverage for the company, Zacks Investment Research reports. Four analysts have rated the stock with a strong sell rating, eight have assigned a hold rating and one has issued a strong buy rating on the company.
Analysts have set a 12 month consensus target price of $32.12 for the company and are forecasting that the company will post $0.64 earnings per share for the current quarter, according to Zacks. Zacks has also given Imperial Oil an industry rank of 38 out of 256 based on the ratings given to its competitors.
Separately, BidaskClub raised Imperial Oil from a “sell” rating to a “hold” rating in a research report on Saturday, March 9th.
Imperial Oil (NASDAQ:IMO) last issued its quarterly earnings results on Friday, April 26th. The company reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.09). The firm had revenue of $6 billion during the quarter, compared to analysts’ expectations of $4.39 billion.
About Imperial Oil
Imperial Oil Limited explores for, produces, and sells crude oil and natural gas in Canada. The company operates through three segments: Upstream, Downstream, and Chemical. The Upstream segment explores for and produces crude oil, natural gas, synthetic oil, and bitumen. As of December 31, 2017, this segment had 450 million oil-equivalent barrels of proved undeveloped reserves.
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