Imperial Oil (TSE:IMO) Stock Price Expected to Rise, National Bankshares Analyst Says

Imperial Oil (TSE:IMO - Get Free Report) NYSEMKT: IMO had its target price upped by analysts at National Bankshares from C$109.00 to C$110.00 in a research note issued to investors on Thursday,BayStreet.CA reports. The firm currently has a "sector perform" rating on the stock. National Bankshares' price target points to a potential upside of 13.79% from the company's current price.

A number of other research analysts have also commented on IMO. TD Securities increased their price objective on 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. CIBC raised their price target on Imperial Oil from C$105.00 to C$108.00 in a report on Friday, January 17th. Wolfe Research lowered Imperial Oil from a "strong-buy" rating to a "hold" rating in a research report on Friday, January 3rd. BMO Capital Markets upped their target price on shares of Imperial Oil from C$115.00 to C$120.00 in a research report on Friday, October 4th. Finally, Royal Bank of Canada lifted their price target on shares of Imperial Oil from C$99.00 to C$101.00 in a research report on Wednesday, November 6th. Ten research analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of C$104.00.

Imperial Oil Price Performance

Shares of TSE IMO traded down C$6.82 during mid-day trading on Thursday, hitting C$96.67. 2,247,004 shares of the stock were exchanged, compared to its average volume of 953,429. Imperial Oil has a twelve month low of C$75.53 and a twelve month high of C$108.89. The stock's fifty day simple moving average is C$97.50 and its two-hundred day simple moving average is C$98.94. The company has a debt-to-equity ratio of 18.27, a quick ratio of 0.98 and a current ratio of 1.40. The company has a market cap of C$51.80 billion, a P/E ratio of 10.13, a PEG ratio of 0.21 and a beta of 1.78.

Imperial Oil (TSE:IMO - Get Free Report) NYSEMKT: IMO last announced its earnings results on Friday, November 1st. The company reported C$2.33 EPS for the quarter, topping the consensus estimate 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 quarter in the previous year, the firm earned $2.76 EPS. As a group, analysts forecast that Imperial Oil will post 8.6164609 EPS for the current fiscal year.

Insider Buying and Selling at Imperial Oil

In other Imperial Oil news, Director Bradley William Corson bought 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. Company insiders own 71.26% of the company's stock.

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.