Raymond James Financial Has Lowered Expectations for Imperial Oil (TSE:IMO) Stock Price

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) had its target price reduced by analysts at Raymond James Financial from C$111.00 to C$110.00 in a research note issued on Tuesday,BayStreet.CA reports. Raymond James Financial’s target price suggests a potential downside of 7.06% from the stock’s previous close.

A number of other equities analysts also recently issued reports on IMO. JPMorgan Chase & Co. increased their target price on Imperial Oil from C$101.00 to C$110.00 in a research note on Thursday, October 23rd. BMO Capital Markets lowered Imperial Oil from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from C$132.00 to C$129.00 in a report on Monday. Royal Bank Of Canada raised their target price on Imperial Oil from C$115.00 to C$117.00 and gave the company a “sector perform” rating in a report on Tuesday, October 7th. Desjardins upped their price target on shares of Imperial Oil from C$114.00 to C$120.00 and gave the stock a “sell” rating in a research note on Monday, November 24th. Finally, CIBC cut shares of Imperial Oil from a “neutral” rating to an “underperform” rating and raised their price objective for the company from C$108.00 to C$110.00 in a research note on Wednesday, October 15th. Six analysts have rated the stock with a Hold rating and six have given a Sell rating to the stock. Based on data from MarketBeat.com, Imperial Oil presently has a consensus rating of “Reduce” and an average target price of C$112.30.

Imperial Oil Stock Performance

Imperial Oil stock traded down C$5.47 during trading hours on Tuesday, reaching C$118.35. 837,041 shares of the stock were exchanged, compared to its average volume of 834,049. Imperial Oil has a 52-week low of C$82.98 and a 52-week high of C$141.17. The stock has a market cap of C$58.80 billion, a P/E ratio of 15.11, a P/E/G ratio of 0.21 and a beta of 1.04. The company has a debt-to-equity ratio of 18.04, a quick ratio of 0.98 and a current ratio of 1.44. The firm’s 50 day moving average is C$129.51 and its 200 day moving average is C$120.87.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last issued its quarterly earnings results on Friday, October 31st. The company reported C$2.17 earnings per share (EPS) for the quarter. The business had revenue of C$11.99 billion for the quarter. Imperial Oil had a net margin of 10.00% and a return on equity of 21.23%. Analysts predict that Imperial Oil will post 8.6164609 EPS for the current fiscal year.

Imperial Oil Company Profile

Imperial Oil is one of Canada’s largest integrated oil companies, focusing on upstream operations, petroleum refining operations, and the marketing of petroleum products. Production averaged 398 thousand barrels of oil equivalent per day in 2020. The company estimates that it holds 5.2 billion boe of proved and probable crude oil and natural gas reserves.