Imperial Oil (TSE:IMO) Price Target Raised to C$93.00 at TD Securities

Imperial Oil (TSE:IMO - Free Report) NYSEMKT: IMO had its price target lifted by TD Securities from C$92.00 to C$93.00 in a report released on Tuesday, BayStreet.CA reports. TD Securities currently has a hold rating on the stock.

A number of other research firms have also recently commented on IMO. National Bankshares lowered their target price on shares of Imperial Oil from C$115.00 to C$112.00 in a research note on Friday, September 27th. Royal Bank of Canada decreased their target price on Imperial Oil from C$108.00 to C$99.00 in a report on Tuesday, September 17th. Scotiabank lowered shares of Imperial Oil from an "outperform" rating to a "sector perform" rating and set a C$110.00 price target for the company. in a research report on Wednesday, September 25th. JPMorgan Chase & Co. upped their price objective on shares of Imperial Oil from C$94.00 to C$97.00 and gave the company a "neutral" rating in a report on Tuesday, October 8th. Finally, BMO Capital Markets upped their price target on shares of Imperial Oil from C$115.00 to C$120.00 in a report on Friday, October 4th. Ten investment analysts have rated the stock with a hold rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Imperial Oil presently has an average rating of "Hold" and a consensus price target of C$99.54.

Imperial Oil Stock Down 0.9 %

Shares of IMO stock traded down C$0.84 during mid-day trading on Tuesday, hitting C$97.66. 908,303 shares of the stock traded hands, compared to its average volume of 963,299. Imperial Oil has a 52-week low of C$72.03 and a 52-week high of C$108.89. The stock has a market cap of C$52.33 billion, a P/E ratio of 10.24, a P/E/G ratio of 0.21 and a beta of 1.78. The company has a debt-to-equity ratio of 18.27, a current ratio of 1.40 and a quick ratio of 0.98. The stock's fifty day moving average is C$99.69 and its two-hundred day moving average is C$96.75.

Imperial Oil (TSE:IMO - Get Free Report) NYSEMKT: IMO last announced its earnings results on Friday, August 2nd. The company reported C$2.11 earnings per share for the quarter, topping the consensus estimate of C$1.94 by C$0.17. Imperial Oil had a return on equity of 22.17% and a net margin of 10.09%. The firm had revenue of C$13.38 billion for the quarter, compared to the consensus estimate of C$14.30 billion. Equities analysts predict that Imperial Oil will post 8.6164609 EPS for the current year.

Imperial Oil Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 1st. Stockholders of record on Tuesday, December 3rd will be issued a dividend of $0.60 per share. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.46%. Imperial Oil's dividend payout ratio is currently 25.16%.

About Imperial Oil

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.