Imperial Oil (TSE:IMO) Stock Price Crosses Above 50-Day Moving Average – Here’s Why

Imperial Oil Limited (TSE:IMO) (NYSEMKT:IMO)’s stock price passed above its 50 day moving average during trading on Wednesday. The stock has a 50 day moving average of C$181.71 and traded as high as C$184.38. Imperial Oil shares last traded at C$183.06, with a volume of 1,044,113 shares changing hands.

Imperial Oil News Roundup

Here are the key news stories impacting Imperial Oil this week:

• Positive Sentiment: Q3 earnings beat estimates: Imperial Oil reported quarterly EPS of C$5.11 and revenue of approximately C$16.20 billion. The profit result exceeded market expectations and helped support the stock’s advance. Imperial Oil beats profit estimates on stronger refining margins
• Positive Sentiment: Refining margins drove results: Stronger refining margins produced record downstream earnings, offsetting potential pressure from other parts of the business and demonstrating the profitability of Imperial Oil’s refining operations. Imperial Oil Q3 2026: Record Downstream Earnings Drive an EPS Beat
• Positive Sentiment: Net profit surged and a dividend was declared: The earnings release highlighted a substantial increase in quarterly net profit and included a dividend declaration, reinforcing the company’s shareholder-return profile. Imperial Oil Q3 Net Profit Soars; Declares Dividend
• Neutral Sentiment: Results were closely watched: Pre-release coverage focused on analyst estimates and the importance of refining performance, but those concerns were largely resolved by the reported earnings beat. Imperial Oil stock enters Q3 release with estimates under scrutiny

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. UBS Group lifted their price target on Imperial Oil from C$195.00 to C$205.00 in a research report on Monday, September 14th. Scotia decreased their price objective on Imperial Oil from C$159.00 to C$156.00 and set a “sector perform” rating on the stock in a research report on Wednesday, August 5th. Raymond James Financial raised their price objective on Imperial Oil from C$130.00 to C$140.00 and gave the company an “underperform” rating in a research note on Wednesday, September 16th. JPMorgan Chase & Co. lifted their target price on Imperial Oil from C$149.00 to C$158.00 in a report on Tuesday, July 14th. Finally, ATB Cormark Capital Markets lifted their target price on Imperial Oil from C$140.00 to C$175.00 and gave the stock a “sector perform” rating in a report on Thursday, October 22nd. Six equities research analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus price target of C$152.83.

Imperial Oil Trading Up 5.4%

The firm has a market cap of C$93.57 billion, a PE ratio of 22.60, a P/E/G ratio of 0.21 and a beta of 0.62. The company has a quick ratio of 0.98, a current ratio of 1.38 and a debt-to-equity ratio of 17.11. The company’s 50 day moving average price is C$181.71 and its two-hundred day moving average price is C$171.74.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last released its earnings results on Friday, October 30th. The company reported C$5.11 earnings per share (EPS) for the quarter. Imperial Oil had a net margin of 7.81% and a return on equity of 18.76%. The firm had revenue of C$16.20 billion during the quarter. As a group, sell-side analysts forecast that Imperial Oil Limited will post 8.62 EPS for the current year.

Imperial Oil Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Thursday, October 1st were given a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend was Friday, September 4th. Imperial Oil’s dividend payout ratio is 37.15%.

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.