Imperial Oil Limited (TSE:IMO) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Imperial Oil Limited (TSE:IMO) (NYSEMKT:IMO) have received a consensus recommendation of “Hold” from the ten analysts that are covering the company, Marketbeat reports. Nine analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is C$96.31.

A number of research analysts have recently issued reports on IMO shares. Desjardins raised their price target on shares of Imperial Oil from C$88.00 to C$92.00 and gave the stock a “hold” rating in a research report on Tuesday, April 23rd. BMO Capital Markets increased their price target on Imperial Oil from C$95.00 to C$115.00 in a research report on Thursday, March 28th. National Bankshares boosted their price objective on Imperial Oil from C$90.00 to C$120.00 and gave the company a “sector perform” rating in a research report on Friday, April 19th. ATB Capital increased their target price on Imperial Oil from C$85.00 to C$90.00 and gave the stock a “sector perform” rating in a research report on Wednesday, March 20th. Finally, CIBC boosted their price target on shares of Imperial Oil from C$90.00 to C$105.00 and gave the company a “neutral” rating in a report on Monday, April 22nd.

Imperial Oil Trading Down 0.1 %

Shares of TSE IMO opened at C$93.11 on Tuesday. The company has a quick ratio of 0.98, a current ratio of 1.34 and a debt-to-equity ratio of 18.65. The stock’s 50 day moving average price is C$92.81 and its two-hundred day moving average price is C$82.98. Imperial Oil has a 52-week low of C$60.48 and a 52-week high of C$101.63. The stock has a market capitalization of C$49.89 billion, a P/E ratio of 10.84, a PEG ratio of 0.21 and a beta of 1.84.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last posted its quarterly earnings results on Friday, February 2nd. The company reported C$2.47 earnings per share (EPS) for the quarter, beating the consensus estimate of C$2.08 by C$0.39. Imperial Oil had a return on equity of 20.78% and a net margin of 9.50%. The business had revenue of C$13.11 billion for the quarter, compared to analyst estimates of C$16.57 billion. On average, analysts anticipate that Imperial Oil will post 9.2554672 earnings per share for the current fiscal year.

Imperial Oil Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Monday, June 3rd will be paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.58%. The ex-dividend date of this dividend is Friday, May 31st. Imperial Oil’s dividend payout ratio is currently 27.94%.

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.