Imperial Oil (TSE:IMO) Upgraded to "Outperform" at Raymond James

Imperial Oil (TSE:IMO - Get Free Report) NYSEMKT: IMO was upgraded by analysts at Raymond James from a "market perform" rating to an "outperform" rating in a report released on Wednesday, MarketBeat Ratings reports. The firm currently has a C$104.00 price target on the stock, down from their previous price target of C$108.00. Raymond James' price objective points to a potential upside of 20.52% from the company's previous close.

Other equities analysts also recently issued reports about the company. The Goldman Sachs Group lowered Imperial Oil from a "neutral" rating to a "sell" rating in a report on Thursday, March 27th. Scotiabank raised Imperial Oil to a "hold" rating in a research report on Wednesday, March 19th. TD Securities upped their price target on shares of Imperial Oil from C$94.00 to C$97.00 and gave the stock a "hold" rating in a research report on Friday, February 21st. National Bankshares increased their price objective on shares of Imperial Oil from C$109.00 to C$110.00 and gave the stock a "sector perform" rating in a report on Thursday, January 30th. Finally, Wolfe Research lowered shares of Imperial Oil from a "strong-buy" rating to a "hold" rating in a research note on Friday, January 3rd. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of C$105.67.

Imperial Oil Stock Performance

Shares of Imperial Oil stock traded down C$0.49 during trading hours on Wednesday, reaching C$86.29. The company's stock had a trading volume of 682,779 shares, compared to its average volume of 906,008. Imperial Oil has a one year low of C$82.98 and a one year high of C$108.89. The company's 50 day simple moving average is C$97.46 and its 200 day simple moving average is C$98.94. The company has a debt-to-equity ratio of 18.04, a quick ratio of 0.98 and a current ratio of 1.44. The stock has a market cap of C$45.05 billion, a P/E ratio of 9.27, a price-to-earnings-growth ratio of 0.21 and a beta of 1.78.

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.