Imperial Oil Limited (TSE:IMO) Receives C$114.60 Average Price Target from Brokerages

Shares of Imperial Oil Limited (TSE:IMO) (NYSEMKT:IMO) have earned an average recommendation of “Reduce” from the eleven ratings firms that are covering the stock, Marketbeat Ratings reports. Five research analysts have rated the stock with a sell recommendation and six have assigned a hold recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is C$114.60.

A number of research analysts have recently commented on IMO shares. BMO Capital Markets cut shares of Imperial Oil from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from C$132.00 to C$129.00 in a research report on Monday, December 15th. Desjardins lifted 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 Bank Financial boosted their price objective on shares of Imperial Oil from C$127.00 to C$139.00 and gave the stock a “sector perform” rating in a report on Tuesday, February 3rd. TD Securities lowered their target price on Imperial Oil from C$107.00 to C$106.00 in a research note on Tuesday, December 16th. Finally, JPMorgan Chase & Co. lifted their target price on Imperial Oil from C$99.00 to C$108.00 in a research report on Tuesday, February 3rd.

Imperial Oil Price Performance

Shares of TSE IMO opened at C$163.25 on Monday. The company has a debt-to-equity ratio of 18.04, a current ratio of 1.44 and a quick ratio of 0.98. Imperial Oil has a 1-year low of C$82.98 and a 1-year high of C$163.42. The company has a market capitalization of C$78.95 billion, a price-to-earnings ratio of 25.19, a PEG ratio of 0.21 and a beta of 0.95. The business has a 50-day moving average of C$132.03 and a 200-day moving average of C$128.15.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last released its quarterly earnings results on Friday, January 30th. The company reported C$1.97 EPS for the quarter. Imperial Oil had a return on equity of 21.23% and a net margin of 10.00%. On average, equities analysts anticipate that Imperial Oil will post 8.6164609 EPS for the current fiscal year.

Imperial Oil Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 1st. Shareholders of record on Thursday, January 1st were given a $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend was Wednesday, December 3rd. Imperial Oil’s dividend payout ratio is presently 44.44%.

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.