Imperial Oil Limited (TSE:IMO) Given Average Recommendation of “Hold” by Brokerages

Shares of Imperial Oil Limited (TSE:IMO) (NYSEMKT:IMO) have earned a consensus recommendation of “Hold” from the eleven research firms that are presently covering the firm, MarketBeat.com reports. Nine equities research analysts have rated the stock with a hold recommendation, one has given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is C$96.07.

IMO has been the subject of several recent analyst reports. Scotiabank upgraded Imperial Oil from a “hold” rating to a “strong-buy” rating in a research report on Friday, June 14th. CIBC upped their price objective on shares of Imperial Oil from C$90.00 to C$105.00 and gave the stock a “neutral” rating in a research report on Monday, April 22nd. Desjardins raised their target price on shares of Imperial Oil from C$88.00 to C$92.00 and gave the company a “hold” rating in a research report on Tuesday, April 23rd. Royal Bank of Canada increased their price target on Imperial Oil from C$100.00 to C$105.00 and gave the company a “sector perform” rating in a research note on Wednesday, May 1st. Finally, BMO Capital Markets upped their target price on Imperial Oil from C$95.00 to C$115.00 in a report on Thursday, March 28th.

Imperial Oil Price Performance

Imperial Oil stock opened at C$89.88 on Wednesday. The company has a market capitalization of C$48.16 billion, a price-to-earnings ratio of 10.23, a PEG ratio of 0.21 and a beta of 1.83. The stock’s 50 day moving average is C$93.95 and its 200-day moving average is C$86.15. The company has a current ratio of 1.34, a quick ratio of 0.98 and a debt-to-equity ratio of 18.65. Imperial Oil has a 12 month low of C$63.19 and a 12 month high of C$101.63.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last issued its quarterly earnings data on Friday, April 26th. The company reported C$2.23 earnings per share for the quarter, topping the consensus estimate of C$2.00 by C$0.23. Imperial Oil had a net margin of 9.50% and a return on equity of 20.78%. The business had revenue of C$12.28 billion during the quarter, compared to analysts’ expectations of C$15.74 billion. Equities research analysts expect that Imperial Oil will post 9.6175299 EPS for the current year.

Imperial Oil Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Monday, July 1st will be paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.67%. The ex-dividend date of this dividend is Monday, June 3rd. Imperial Oil’s payout ratio is 27.30%.

Imperial Oil Company Profile

Imperial Oil Limited engages in exploration, production, and sale of crude oil and natural gas in Canada. The company operates through three segments: Upstream, Downstream and Chemical segments. The Upstream segment explores and produces crude oil, natural gas, synthetic crude oil, and bitumen. The Downstream segment transports and refines crude oil, blends refined products, and distributes and markets of refined products.