Zacks Research Raises Earnings Estimates for Imperial Oil

Imperial Oil Limited (TSE:IMO) (NYSEMKT:IMO) – Equities researchers at Zacks Research lifted their Q4 2024 earnings per share estimates for shares of Imperial Oil in a research note issued to investors on Wednesday, January 15th. Zacks Research analyst R. Department now anticipates that the company will post earnings per share of $1.77 for the quarter, up from their previous estimate of $1.73. The consensus estimate for Imperial Oil’s current full-year earnings is $8.62 per share. Zacks Research also issued estimates for Imperial Oil’s Q1 2025 earnings at $1.40 EPS, Q3 2025 earnings at $1.52 EPS, FY2025 earnings at $6.09 EPS, Q1 2026 earnings at $2.10 EPS, Q2 2026 earnings at $2.04 EPS, Q3 2026 earnings at $1.47 EPS, Q4 2026 earnings at $2.30 EPS and FY2026 earnings at $7.91 EPS.

A number of other analysts have also recently issued reports on the company. TD Securities boosted their target price on Imperial Oil from C$93.00 to C$96.00 and gave the stock a “hold” rating in a report on Friday, December 13th. Royal Bank of Canada boosted their price objective on shares of Imperial Oil from C$99.00 to C$101.00 in a research note on Wednesday, November 6th. Scotiabank lowered shares of Imperial Oil from an “outperform” rating to a “sector perform” rating and set a C$110.00 price objective for the company. in a research report on Wednesday, September 25th. Wolfe Research lowered shares of Imperial Oil from a “strong-buy” rating to a “hold” rating in a report on Friday, January 3rd. Finally, Raymond James upped their price target on shares of Imperial Oil from C$101.50 to C$104.00 in a research report on Friday, December 13th. Ten investment analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of C$104.20.

Imperial Oil Stock Performance

Shares of TSE:IMO opened at C$98.86 on Friday. The business has a 50-day moving average of C$98.04 and a two-hundred day moving average of C$98.43. The firm has a market capitalization of C$52.97 billion, a PE ratio of 10.36, a P/E/G ratio of 0.21 and a beta of 1.78. The company has a debt-to-equity ratio of 18.27, a current ratio of 1.40 and a quick ratio of 0.98. Imperial Oil has a 12 month low of C$73.81 and a 12 month high of C$108.89.

Insider Transactions at Imperial Oil

In related news, Director Bradley William Corson purchased 4,800 shares of the firm’s stock in a transaction dated Thursday, December 12th. The stock was acquired at an average price of C$97.44 per share, with a total value of C$467,713.92. Corporate insiders own 71.26% of the company’s stock.

Imperial Oil Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 1st. Stockholders of record on Wednesday, January 1st were paid a dividend of $0.60 per share. The ex-dividend date of this dividend was Tuesday, December 3rd. This represents a $2.40 annualized dividend and a dividend yield of 2.43%. Imperial Oil’s dividend payout ratio is presently 25.16%.

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.