Imperial Oil (TSE:IMO) Rating Lowered to Hold at Wolfe Research

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) was downgraded by Wolfe Research from a “strong-buy” rating to a “hold” rating in a research report issued on Friday,Zacks.com reports.

IMO has been the subject of a number of other research reports. Raymond James upped their target price on Imperial Oil from C$101.50 to C$104.00 in a research report on Friday, December 13th. JPMorgan Chase & Co. boosted their price target on shares of Imperial Oil from C$97.00 to C$100.00 in a report on Wednesday, November 13th. Scotiabank cut Imperial Oil from an “outperform” rating to a “sector perform” rating and set a C$110.00 target price for the company. in a report on Wednesday, September 25th. TD Securities lifted their price target on shares of Imperial Oil from C$93.00 to C$96.00 and gave the company a “hold” rating in a report on Friday, December 13th. Finally, BMO Capital Markets raised their target price on Imperial Oil from C$115.00 to C$120.00 in a research note on Friday, October 4th. Ten equities research analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of C$103.90.

Imperial Oil Trading Up 0.1 %

Imperial Oil stock opened at C$90.02 on Friday. The firm has a market capitalization of C$48.24 billion, a price-to-earnings ratio of 9.44, a P/E/G ratio of 0.21 and a beta of 1.78. The company has a 50 day moving average price of C$99.14 and a 200 day moving average price of C$98.14. The company has a debt-to-equity ratio of 18.27, a quick ratio of 0.98 and a current ratio of 1.40. Imperial Oil has a 52 week low of C$73.81 and a 52 week high of C$108.89.

Insider Activity at Imperial Oil

In other news, Director Bradley William Corson acquired 4,800 shares of the firm’s stock in a transaction that occurred on Thursday, December 12th. The stock was acquired at an average cost of C$97.44 per share, for a total transaction of C$467,713.92. 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.