Imperial Oil FY2024 EPS Estimate Boosted by Zacks Research

Imperial Oil Limited (TSE:IMO) (NYSEMKT:IMO) – Stock analysts at Zacks Research increased their FY2024 earnings per share (EPS) estimates for shares of Imperial Oil in a report issued on Thursday, January 23rd. Zacks Research analyst R. Department now forecasts that the company will post earnings per share of $8.47 for the year, up from their prior forecast of $8.44. 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 Q4 2024 earnings at $1.80 EPS, Q2 2025 earnings at $1.39 EPS, Q4 2025 earnings at $1.74 EPS, Q3 2026 earnings at $1.49 EPS and FY2026 earnings at $7.92 EPS.

Other research analysts also recently issued research reports about the stock. TD Securities increased 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. Royal Bank of Canada boosted their price objective on shares of Imperial Oil from C$99.00 to C$101.00 in a research report on Wednesday, November 6th. BMO Capital Markets increased their price target on Imperial Oil from C$115.00 to C$120.00 in a research report on Friday, October 4th. JPMorgan Chase & Co. boosted their price objective on shares of Imperial Oil from C$97.00 to C$100.00 in a research note on Wednesday, November 13th. Finally, National Bankshares decreased their price target on shares of Imperial Oil from C$115.00 to C$112.00 in a research report on Friday, September 27th. Ten equities research analysts have rated the stock with a hold rating, According to data from MarketBeat, Imperial Oil presently has an average rating of “Hold” and an average target price of C$104.20.

Imperial Oil Stock Down 2.3 %

Shares of IMO opened at C$100.75 on Friday. The stock has a market capitalization of C$53.99 billion, a price-to-earnings ratio of 10.56, a price-to-earnings-growth ratio of 0.21 and a beta of 1.78. The business’s 50 day simple moving average is C$97.90 and its 200-day simple moving average is C$98.67. 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 1 year low of C$75.33 and a 1 year high of C$108.89.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last posted its earnings results on Friday, November 1st. The company reported C$2.33 earnings per share for the quarter, beating the consensus estimate of C$2.02 by C$0.31. Imperial Oil had a net margin of 10.09% and a return on equity of 22.17%. During the same quarter in the previous year, the business earned $2.76 earnings per share.

Insider Activity

In other Imperial Oil news, Director Bradley William Corson acquired 4,800 shares of the company’s stock in a transaction dated Thursday, December 12th. The shares were acquired at an average cost 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 company also recently declared a quarterly dividend, which was paid on Wednesday, January 1st. Shareholders 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 yield of 2.38%. Imperial Oil’s payout ratio is presently 25.16%.

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.