Zacks Research Predicts Increased Earnings for Imperial Oil

Imperial Oil Limited (TSE:IMO) (NYSEMKT:IMO) – Stock analysts at Zacks Research upped their FY2024 earnings estimates for shares of Imperial Oil in a research report issued on Thursday, November 21st. Zacks Research analyst R. Department now anticipates that the company will earn $8.40 per share for the year, up from their previous forecast of $8.27. 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 $1.73 EPS, Q2 2026 earnings at $2.06 EPS, Q3 2026 earnings at $1.47 EPS and FY2026 earnings at $8.10 EPS.

Other research analysts have also recently issued research reports about the stock. National Bankshares dropped their price target on shares of Imperial Oil from C$115.00 to C$112.00 in a research note on Friday, September 27th. BMO Capital Markets raised their target price on Imperial Oil from C$115.00 to C$120.00 in a report on Friday, October 4th. TD Securities boosted their price target on Imperial Oil from C$92.00 to C$93.00 and gave the company a “hold” rating in a report on Tuesday, November 5th. Raymond James raised their price objective on Imperial Oil from C$99.00 to C$101.50 in a research note on Monday, November 4th. Finally, Royal Bank of Canada lifted their price objective on Imperial Oil from C$99.00 to C$101.00 in a research report on Wednesday, November 6th. Nine analysts have rated the stock with a hold rating and one has issued a strong buy rating to the stock. According to MarketBeat, Imperial Oil has a consensus rating of “Hold” and an average price target of C$101.23.

Imperial Oil Stock Performance

IMO opened at C$108.03 on Monday. The company’s 50 day moving average is C$101.24 and its 200 day moving average is C$97.56. The company has a current ratio of 1.40, a quick ratio of 0.98 and a debt-to-equity ratio of 18.27. The company has a market cap of C$57.89 billion, a price-to-earnings ratio of 11.32, a PEG ratio of 0.21 and a beta of 1.78. Imperial Oil has a 12-month low of C$72.03 and a 12-month high of C$108.89.

Imperial Oil Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 1st. Investors of record on Tuesday, December 3rd will be issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.22%. The ex-dividend date of this dividend is Tuesday, December 3rd. Imperial Oil’s dividend payout ratio (DPR) is presently 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.