Royal Bank of Canada Trims Imperial Oil (TSE:IMO) Target Price to C$99.00

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) had its price target trimmed by Royal Bank of Canada from C$108.00 to C$99.00 in a report released on Tuesday, BayStreet.CA reports.

Other equities research analysts have also recently issued reports about the stock. TD Securities upped their target price on shares of Imperial Oil from C$91.00 to C$92.00 and gave the company a hold rating in a report on Thursday, August 8th. Desjardins upped their target price 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. Scotiabank reduced their target price on shares of Imperial Oil from C$111.00 to C$110.00 in a report on Friday, July 12th. Wolfe Research raised shares of Imperial Oil to a strong-buy rating in a report on Thursday, July 18th. Finally, Raymond James set a C$93.00 target price on shares of Imperial Oil and gave the company a market perform rating in a report on Wednesday, May 29th. Nine research analysts have rated the stock with a hold rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Imperial Oil presently has an average rating of Hold and a consensus target price of C$99.69.

Imperial Oil Stock Performance

TSE IMO opened at C$93.27 on Tuesday. 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 1 year low of C$72.03 and a 1 year high of C$106.09. The company has a market capitalization of C$49.98 billion, a PE ratio of 9.78, a P/E/G ratio of 0.21 and a beta of 1.80. The company has a fifty day moving average of C$97.48 and a two-hundred day moving average of C$94.78.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last announced its earnings results on Friday, August 2nd. The company reported C$2.11 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 analysts’ expectations of C$14.30 billion.

Imperial Oil Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Tuesday, October 1st will be given a $0.60 dividend. The ex-dividend date of this dividend is Wednesday, September 4th. This represents a $2.40 annualized dividend and a dividend yield of 2.57%. Imperial Oil’s dividend payout ratio 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.