Imperial Oil Limited (TSE:IMO) Receives Average Rating of “Hold” from Analysts

Shares of Imperial Oil Limited (TSE:IMO) (NYSEMKT:IMO) have received a consensus recommendation of “Hold” from the eleven brokerages that are presently covering the firm, MarketBeat reports. Ten research analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is C$99.25.

A number of analysts have issued reports on IMO shares. BMO Capital Markets raised their target price on Imperial Oil from C$115.00 to C$120.00 in a research report on Friday, October 4th. Raymond James lifted their price objective on Imperial Oil from C$97.00 to C$99.00 in a report on Tuesday, October 15th. Desjardins upped their price objective on shares of Imperial Oil from C$92.00 to C$101.00 and gave the company a “hold” rating in a report on Tuesday, July 23rd. JPMorgan Chase & Co. lifted their target price on shares of Imperial Oil from C$94.00 to C$97.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 8th. Finally, TD Securities raised their price objective on shares of Imperial Oil from C$91.00 to C$92.00 and gave the stock a “hold” rating in a report on Thursday, August 8th.

Imperial Oil Price Performance

Shares of TSE:IMO opened at C$106.68 on Tuesday. The company has a market capitalization of C$57.16 billion, a P/E ratio of 11.18, a price-to-earnings-growth ratio of 0.21 and a beta of 1.78. The company’s 50-day moving average is C$99.65 and its 200 day moving average is C$96.37. 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 fifty-two week low of C$72.03 and a fifty-two week high of C$108.89.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last released its earnings results on Friday, August 2nd. The company reported C$2.11 earnings per share for the quarter, beating analysts’ consensus estimates of C$1.94 by C$0.17. Imperial Oil had a net margin of 10.09% and a return on equity of 22.17%. The firm had revenue of C$13.38 billion during the quarter, compared to the consensus estimate of C$14.30 billion. On average, equities research analysts forecast that Imperial Oil will post 8.6164609 earnings per share for the current year.

Imperial Oil Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Tuesday, October 1st were issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.25%. The ex-dividend date of this dividend was Wednesday, September 4th. Imperial Oil’s payout ratio is 25.16%.

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.