Zacks Research Decreases Earnings Estimates for Imperial Oil

Imperial Oil Limited (TSE:IMO) (NYSEMKT:IMO) – Stock analysts at Zacks Research cut their Q2 2026 earnings per share estimates for shares of Imperial Oil in a research report issued to clients and investors on Monday, December 16th. Zacks Research analyst R. Department now forecasts that the company will post earnings of $1.97 per share for the quarter, down from their prior estimate of $2.06. The consensus estimate for Imperial Oil’s current full-year earnings is $8.62 per share.

A number of other equities research analysts also recently weighed in on the stock. BMO Capital Markets upped their price target on shares of Imperial Oil from C$115.00 to C$120.00 in a report on Friday, October 4th. Raymond James raised their target price on shares of Imperial Oil from C$101.50 to C$104.00 in a report on Friday, December 13th. JPMorgan Chase & Co. lifted their price target on shares of Imperial Oil from C$97.00 to C$100.00 in a research report on Wednesday, November 13th. TD Securities increased their price objective on Imperial Oil from C$93.00 to C$96.00 and gave the company a “hold” rating in a research report on Friday, December 13th. Finally, Scotiabank cut Imperial Oil from an “outperform” rating to a “sector perform” rating and set a C$110.00 target price on the stock. in a report on Wednesday, September 25th. Nine investment analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Imperial Oil has a consensus rating of “Hold” and an average target price of C$103.90.

Imperial Oil Price Performance

Shares of TSE:IMO opened at C$90.00 on Thursday. The stock has a market cap of C$48.23 billion, a price-to-earnings ratio of 9.43, a PEG 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. The stock’s 50 day moving average price is C$102.77 and its 200 day moving average price is C$98.24.

Imperial Oil Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 1st. Investors of record on Wednesday, January 1st will be given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 2.67%. The ex-dividend date is Tuesday, December 3rd. Imperial Oil’s payout ratio is presently 25.16%.

Insider Buying and Selling at Imperial Oil

In related news, Director Bradley William Corson purchased 4,800 shares of Imperial Oil stock in a transaction on Thursday, December 12th. The stock was bought 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.

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.