TD Cuts Imperial Oil (TSE:IMO) Price Target to C$156.00

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) had its target price reduced by equities research analysts at TD from C$157.00 to C$156.00 in a research report issued on Wednesday,BayStreet.CA reports. The firm presently has a “sell” rating on the stock. TD’s price target would indicate a potential downside of 13.91% from the stock’s current price.

Several other equities analysts have also recently weighed in on the company. TD Securities increased their price target on Imperial Oil from C$101.00 to C$110.00 and gave the company a “sell” rating in a report on Monday, February 23rd. UBS Group upped their price objective on Imperial Oil from C$155.00 to C$185.00 in a research note on Monday, March 16th. Royal Bank Of Canada increased their price target on Imperial Oil from C$116.00 to C$124.00 and gave the stock an “underperform” rating in a research note on Wednesday, April 8th. Desjardins raised their price objective on Imperial Oil from C$120.00 to C$132.00 and gave the company a “sell” rating in a research report on Friday, February 20th. Finally, Raymond James Financial raised their price objective on Imperial Oil from C$107.00 to C$126.00 in a research report on Monday, March 30th. Four research analysts have rated the stock with a Hold rating and six have given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Strong Sell” and a consensus target price of C$137.00.

Imperial Oil Stock Down 0.7%

Shares of IMO traded down C$1.26 during mid-day trading on Wednesday, reaching C$181.20. The company had a trading volume of 198,975 shares, compared to its average volume of 856,765. The company has a market capitalization of C$87.63 billion, a price-to-earnings ratio of 30.71, a price-to-earnings-growth ratio of 0.21 and a beta of 0.65. Imperial Oil has a 52 week low of C$97.03 and a 52 week high of C$185.73. The company has a debt-to-equity ratio of 18.20, a quick ratio of 0.98 and a current ratio of 1.23. The firm has a 50-day moving average price of C$173.39 and a 200 day moving average price of C$148.91.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last released its quarterly earnings data on Friday, May 1st. The company reported C$1.94 earnings per share (EPS) for the quarter. The business had revenue of C$12.42 billion for the quarter. Imperial Oil had a return on equity of 13.43% and a net margin of 6.27%. On average, sell-side analysts forecast that Imperial Oil will post 8.6164609 EPS for the current year.

Insider Buying and Selling at Imperial Oil

In other news, insider Ian Robert Laing sold 4,100 shares of Imperial Oil stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of C$176.63, for a total transaction of C$724,183.00. Corporate insiders own 71.26% of the company’s stock.

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.