Imperial Oil (TSE:IMO - Get Free Report) NYSEMKT: IMO was downgraded by research analysts at Wolfe Research from a "strong-buy" rating to a "hold" rating in a research report issued to clients and investors on Friday,Zacks.com reports.
Other equities research analysts have also issued reports about the stock. Royal Bank of Canada boosted their price objective on shares of Imperial Oil from C$99.00 to C$101.00 in a report on Wednesday, November 6th. TD Securities boosted their target price on shares of 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. BMO Capital Markets increased their price target on Imperial Oil from C$115.00 to C$120.00 in a research report on Friday, October 4th. Scotiabank downgraded Imperial Oil from an "outperform" rating to a "sector perform" rating and set a C$110.00 target price on the stock. in a research note on Wednesday, September 25th. Finally, National Bankshares reduced their price target on Imperial Oil from C$115.00 to C$112.00 in a research report on Friday, September 27th. Ten research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of C$103.90.
Read Our Latest Stock Report on Imperial Oil
Imperial Oil Stock Performance
Shares of Imperial Oil stock traded up C$0.12 during midday trading on Friday, hitting C$90.02. The company had a trading volume of 1,136,142 shares, compared to its average volume of 846,538. The company has a fifty day simple moving average of C$99.14 and a 200 day simple moving average of C$98.14. The stock has a market cap of C$48.24 billion, a price-to-earnings ratio of 9.44, a PEG ratio of 0.21 and a beta of 1.78. The company has a quick ratio of 0.98, a current ratio of 1.40 and a debt-to-equity ratio of 18.27. Imperial Oil has a 12-month low of C$73.81 and a 12-month high of C$108.89.
Insider Activity
In other news, Director Bradley William Corson acquired 4,800 shares of the firm's stock in a transaction on Thursday, December 12th. The shares were bought at an average price of C$97.44 per share, for a total transaction of C$467,713.92. Company insiders own 71.26% of the company's stock.
About Imperial Oil
(
Get Free Report)
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.
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