Imperial Oil (TSE:IMO) Price Target Raised to C$155.00 at JPMorgan Chase & Co.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) had its price objective upped by analysts at JPMorgan Chase & Co. from C$108.00 to C$155.00 in a report issued on Wednesday,BayStreet.CA reports. JPMorgan Chase & Co.‘s target price would suggest a potential downside of 13.24% from the company’s current price.

IMO has been the subject of a number of other reports. Royal Bank Of Canada cut shares of Imperial Oil from a “sector perform” rating to an “underperform” rating and set a C$116.00 target price for the company. in a report on Monday, February 23rd. Raymond James Financial boosted their price target on shares of Imperial Oil from C$107.00 to C$126.00 in a research note on Monday, March 30th. National Bank Financial boosted their price target on shares of Imperial Oil from C$139.00 to C$212.00 and gave the stock a “sector perform” rating in a research note on Tuesday, March 31st. TD Securities boosted their price target on shares of Imperial Oil from C$101.00 to C$110.00 and gave the stock a “sell” rating in a research note on Monday, February 23rd. Finally, BMO Capital Markets lowered shares of Imperial Oil from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from C$132.00 to C$129.00 in a research note on Monday, December 15th. Four research analysts have rated the stock with a Hold rating and five have issued a Sell rating to the stock. Based on data from MarketBeat.com, Imperial Oil presently has an average rating of “Strong Sell” and a consensus price target of C$135.82.

Imperial Oil Stock Performance

Shares of TSE:IMO traded down C$5.72 on Wednesday, reaching C$178.66. The company’s stock had a trading volume of 705,947 shares, compared to its average volume of 929,377. The stock’s 50-day moving average is C$164.44 and its two-hundred day moving average is C$140.81. Imperial Oil has a 52-week low of C$82.98 and a 52-week high of C$185.73. The company has a debt-to-equity ratio of 19.69, a current ratio of 1.27 and a quick ratio of 0.98. The stock has a market capitalization of C$86.40 billion, a P/E ratio of 27.57, a PEG ratio of 0.21 and a beta of 0.52.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last announced its earnings results on Friday, January 30th. The company reported C$1.97 EPS for the quarter. Imperial Oil had a net margin of 7.02% and a return on equity of 14.75%. The business had revenue of C$11.28 billion during the quarter. As a group, sell-side analysts forecast that Imperial Oil will post 8.6164609 EPS for the current year.

About Imperial Oil

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.