Imperial Oil (IMO) to Release Earnings on Friday

Imperial Oil (NYSEAMERICAN:IMO) (TSE:IMO) is expected to post its quarterly earnings results before the market opens on Friday, January 31st. Analysts expect Imperial Oil to post earnings of $1.36 per share and revenue of $11.18 billion for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Imperial Oil Trading Down 0.3 %

Shares of NYSEAMERICAN:IMO opened at $70.18 on Thursday. Imperial Oil has a one year low of $55.82 and a one year high of $80.17. The firm has a market cap of $35.73 billion, a PE ratio of 10.46 and a beta of 1.45. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.44 and a quick ratio of 1.23.

Imperial Oil Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 1st. Stockholders of record on Tuesday, December 3rd were issued a $0.4304 dividend. The ex-dividend date was Tuesday, December 3rd. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.45%. Imperial Oil’s payout ratio is currently 25.34%.

Analyst Ratings Changes

A number of analysts have recently issued reports on IMO shares. Wolfe Research lowered Imperial Oil from an “outperform” rating to a “peer perform” rating in a report on Friday, January 3rd. JPMorgan Chase & Co. lowered Imperial Oil from a “neutral” rating to an “underweight” rating in a report on Thursday, December 19th. One investment analyst has rated the stock with a sell rating and four have issued a hold rating to the company. According to MarketBeat.com, Imperial Oil presently has an average rating of “Hold” and an average price target of $109.00.

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.