Imperial Oil (TSE:IMO) Announces Quarterly Earnings Results

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) announced its quarterly earnings data on Friday. The company reported C$1.97 EPS for the quarter, FiscalAI reports. Imperial Oil had a net margin of 10.00% and a return on equity of 21.23%.

Imperial Oil Price Performance

IMO stock opened at C$137.57 on Friday. The firm has a 50 day moving average of C$128.52 and a 200-day moving average of C$125.33. The company has a market cap of C$66.53 billion, a price-to-earnings ratio of 17.57, a PEG ratio of 0.21 and a beta of 0.89. The company has a current ratio of 1.44, a quick ratio of 0.98 and a debt-to-equity ratio of 18.04. Imperial Oil has a 12-month low of C$82.98 and a 12-month high of C$144.20.

Imperial Oil Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 1st. Stockholders of record on Thursday, January 1st were given a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date was Wednesday, December 3rd. Imperial Oil’s dividend payout ratio (DPR) is presently 35.25%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on IMO. Desjardins boosted 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. National Bankshares lifted their price objective on Imperial Oil from C$125.00 to C$127.00 and gave the company a “sector perform” rating in a report on Friday, January 9th. Cibc World Mkts downgraded Imperial Oil from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 14th. TD Securities reduced their price target on Imperial Oil from C$107.00 to C$106.00 in a report on Tuesday, December 16th. Finally, Royal Bank Of Canada decreased their price target on Imperial Oil from C$118.00 to C$116.00 and set a “sector perform” rating on the stock in a research note on Tuesday, January 13th. Six research analysts have rated the stock with a Hold rating and six have assigned a Sell rating to the company’s stock. According to MarketBeat, Imperial Oil has a consensus rating of “Reduce” and a consensus price target of C$113.90.

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. Imperial remains the largest refiner of petroleum products in Canada, operating three refineries with a combined processing capacity of 421 mboe/d.