National Bankshares Forecasts Strong Price Appreciation for Imperial Oil (TSE:IMO) Stock

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) had its price objective boosted by National Bankshares from C$109.00 to C$110.00 in a report published on Thursday,BayStreet.CA reports. The firm currently has a sector perform rating on the stock.

Several other analysts also recently commented on the company. TD Securities raised their price objective on Imperial Oil from C$93.00 to C$96.00 and gave the stock a “hold” rating in a research note on Friday, December 13th. BMO Capital Markets raised their price objective on Imperial Oil from C$115.00 to C$120.00 in a research note on Friday, October 4th. Raymond James raised their price objective on Imperial Oil from C$101.50 to C$104.00 in a research note on Friday, December 13th. JPMorgan Chase & Co. lifted their price target on Imperial Oil from C$97.00 to C$100.00 in a research note on Wednesday, November 13th. Finally, Wolfe Research downgraded Imperial Oil from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 3rd. Ten research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of C$104.00.

Imperial Oil Stock Up 2.1 %

TSE IMO opened at C$103.49 on Thursday. The firm has a market cap of C$55.45 billion, a PE ratio of 10.85, a price-to-earnings-growth ratio of 0.21 and a beta of 1.78. Imperial Oil has a one year low of C$75.53 and a one year high of C$108.89. The stock’s 50 day simple moving average is C$97.56 and its 200 day simple moving average is C$98.87. 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 (TSE:IMO) (NYSEMKT:IMO) last announced its quarterly earnings data on Friday, November 1st. The company reported C$2.33 EPS for the quarter, beating analysts’ consensus estimates of C$2.02 by C$0.31. Imperial Oil had a return on equity of 22.17% and a net margin of 10.09%. During the same period last year, the business posted $2.76 EPS. As a group, sell-side analysts forecast that Imperial Oil will post 8.6164609 earnings per share for the current fiscal year.

Imperial Oil Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 1st. Investors of record on Wednesday, January 1st were issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 2.32%. The ex-dividend date of this dividend was Tuesday, December 3rd. Imperial Oil’s payout ratio is currently 25.16%.

Insider Buying and Selling

In other Imperial Oil news, Director Bradley William Corson purchased 4,800 shares of Imperial Oil stock in a transaction that occurred on Thursday, December 12th. The stock was acquired at an average price of C$97.44 per share, for a total transaction of C$467,713.92. 71.26% of the stock is currently owned by corporate insiders.

Imperial Oil Company Profile

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.