Imperial Oil Limited (TSE:IMO) Receives Average Recommendation of “Hold” from Brokerages

Shares of Imperial Oil Limited (TSE:IMO) (NYSEMKT:IMO) have earned a consensus recommendation of “Hold” from the eleven research firms that are currently covering the firm, Marketbeat.com reports. Ten equities research analysts have rated the stock with a hold recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokerages 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 lifted their price target on shares of Imperial Oil from C$115.00 to C$120.00 in a report on Friday, October 4th. JPMorgan Chase & Co. lifted their target price on Imperial Oil from C$94.00 to C$97.00 and gave the stock a “neutral” rating in a report on Tuesday, October 8th. Royal Bank of Canada dropped their price target on Imperial Oil from C$108.00 to C$99.00 in a research note on Tuesday, September 17th. Wolfe Research raised Imperial Oil to a “strong-buy” rating in a research note on Thursday, July 18th. Finally, TD Securities increased their target price on Imperial Oil from C$91.00 to C$92.00 and gave the company a “hold” rating in a research report on Thursday, August 8th.

Imperial Oil Stock Performance

TSE:IMO opened at C$105.72 on Tuesday. The stock has a 50-day moving average price of C$99.96 and a 200 day moving average price of C$96.57. The stock has a market capitalization of C$56.65 billion, a P/E ratio of 11.08, a P/E/G 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. The company has a current ratio of 1.40, a quick ratio of 0.98 and a debt-to-equity ratio of 18.27.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last announced its quarterly earnings data on Friday, August 2nd. The company reported C$2.11 earnings per share (EPS) 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 business had revenue of C$13.38 billion during the quarter, compared to analyst estimates of C$14.30 billion. Equities research analysts forecast that Imperial Oil will post 8.6164609 EPS for the current fiscal year.

Imperial Oil Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Tuesday, October 1st were paid a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 2.27%. The ex-dividend date was Wednesday, September 4th. Imperial Oil’s dividend payout ratio is currently 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.