Imperial Oil (TSE:IMO) Price Target Increased to C$101.00 by Analysts at Desjardins

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) had its price objective upped by Desjardins from C$92.00 to C$101.00 in a report published on Tuesday, BayStreet.CA reports. The firm currently has a hold rating on the stock.

IMO has been the topic of a number of other reports. Royal Bank of Canada increased their price objective on shares of Imperial Oil from C$100.00 to C$105.00 and gave the stock a sector perform rating in a research note on Wednesday, May 1st. Scotiabank reduced their price objective on shares of Imperial Oil from C$111.00 to C$110.00 in a research note on Friday, July 12th. TD Securities increased their price objective on shares of Imperial Oil from C$89.00 to C$91.00 and gave the stock a hold rating in a research note on Tuesday, April 30th. BMO Capital Markets increased their price objective on shares of Imperial Oil from C$95.00 to C$115.00 in a research note on Thursday, March 28th. Finally, Raymond James set a C$93.00 target price on shares of Imperial Oil and gave the stock a market perform rating in a report on Wednesday, May 29th. Nine investment analysts have rated the stock with a hold rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of Hold and an average price target of C$100.08.

Imperial Oil Trading Up 0.6 %

IMO stock opened at C$98.16 on Tuesday. The company has a debt-to-equity ratio of 18.65, a quick ratio of 0.98 and a current ratio of 1.34. The company’s 50-day simple moving average is C$93.44 and its 200 day simple moving average is C$89.70. Imperial Oil has a 52 week low of C$67.59 and a 52 week high of C$101.63. The company has a market capitalization of C$52.60 billion, a PE ratio of 11.17, a price-to-earnings-growth ratio of 0.21 and a beta of 1.83.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last announced its quarterly earnings data on Friday, April 26th. The company reported C$2.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$2.00 by C$0.23. The firm had revenue of C$12.28 billion for the quarter, compared to the consensus estimate of C$15.74 billion. Imperial Oil had a net margin of 9.50% and a return on equity of 20.78%. As a group, sell-side analysts anticipate that Imperial Oil will post 9.6175299 earnings per share for the current year.

Imperial Oil Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, July 1st. Investors of record on Monday, July 1st were given a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 2.44%. The ex-dividend date was Monday, June 3rd. Imperial Oil’s payout ratio is currently 27.30%.

About Imperial Oil

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.