Desjardins Raises Imperial Oil (TSE:IMO) Price Target to C$92.00

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) had its target price increased by Desjardins from C$88.00 to C$92.00 in a research note issued to investors on Tuesday, BayStreet.CA reports. They currently have a hold rating on the stock.

IMO has been the topic of several other reports. TD Securities lowered Imperial Oil from a buy rating to a hold rating and boosted their price target for the stock from C$87.00 to C$88.00 in a research report on Thursday, February 29th. ATB Capital increased their target price on Imperial Oil from C$85.00 to C$90.00 and gave the company a sector perform rating in a research note on Wednesday, March 20th. BMO Capital Markets increased their target price on Imperial Oil from C$95.00 to C$115.00 in a research note on Thursday, March 28th. JPMorgan Chase & Co. reduced their target price on Imperial Oil from C$97.00 to C$94.00 in a research note on Monday, February 12th. Finally, CIBC increased their target price on Imperial Oil from C$90.00 to C$105.00 and gave the company a neutral rating in a research note on Monday, April 22nd. Nine investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, Imperial Oil has a consensus rating of Hold and an average target price of C$95.69.

Imperial Oil Trading Down 0.8 %

Shares of IMO stock opened at C$96.56 on Tuesday. The firm has a 50-day moving average price of C$91.57 and a 200 day moving average price of C$82.58. Imperial Oil has a twelve month low of C$60.19 and a twelve month high of C$101.63. The company has a market capitalization of C$51.74 billion, a price-to-earnings ratio of 11.37, a PEG ratio of 0.21 and a beta of 1.84. The company has a current ratio of 1.26, a quick ratio of 0.98 and a debt-to-equity ratio of 19.49.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last announced its earnings results on Friday, February 2nd. The company reported C$2.47 earnings per share for the quarter, beating the consensus estimate of C$2.08 by C$0.39. Imperial Oil had a net margin of 9.64% and a return on equity of 21.91%. The firm had revenue of C$13.11 billion during the quarter, compared to the consensus estimate of C$16.57 billion. Research analysts forecast that Imperial Oil will post 8.4369527 earnings per share for the current fiscal year.

Imperial Oil Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Monday, April 1st were paid a dividend of $0.60 per share. The ex-dividend date of this dividend was Friday, March 1st. This is a boost from Imperial Oil’s previous quarterly dividend of $0.50. This represents a $2.40 annualized dividend and a yield of 2.49%. Imperial Oil’s dividend payout ratio (DPR) is 28.27%.

Imperial Oil Company Profile

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 and produces crude oil, natural gas, synthetic crude oil, and bitumen. The Downstream segment transports and refines crude oil, blends refined products, and distributes and markets of refined products.