Imperial Oil Limited (TSE:IMO) Receives Consensus Rating of "Hold" from Brokerages

Shares of Imperial Oil Limited (TSE:IMO - Get Free Report) NYSEMKT: IMO have been given a consensus rating of "Hold" by the eleven research firms that are covering the firm, Marketbeat.com reports. Ten research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is C$99.25.

IMO has been the subject of a number of research analyst reports. BMO Capital Markets boosted their price objective on shares of Imperial Oil from C$115.00 to C$120.00 in a report on Friday, October 4th. JPMorgan Chase & Co. upped their price target on shares of Imperial Oil from C$94.00 to C$97.00 and gave the company a "neutral" rating in a research report on Tuesday, October 8th. Royal Bank of Canada dropped their price target on shares of Imperial Oil from C$108.00 to C$99.00 in a research note on Tuesday, September 17th. Desjardins upped their price target on Imperial Oil from C$92.00 to C$101.00 and gave the stock a "hold" rating in a research report on Tuesday, July 23rd. Finally, Raymond James increased their target price on shares of Imperial Oil from C$97.00 to C$99.00 in a report on Tuesday, October 15th.

Imperial Oil Price Performance

IMO stock traded down C$0.92 during midday trading on Tuesday, reaching C$105.76. The company had a trading volume of 599,960 shares, compared to its average volume of 961,448. The firm has a 50-day moving average price of C$99.80 and a 200-day moving average price of C$96.44. 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 company has a market capitalization of C$56.67 billion, a P/E ratio of 11.09, a P/E/G ratio of 0.21 and a beta of 1.78. Imperial Oil has a 1 year low of C$72.03 and a 1 year high of C$108.89.

Imperial Oil (TSE:IMO - Get Free Report) NYSEMKT: IMO last released its earnings results on Friday, August 2nd. The company reported C$2.11 earnings per share for the quarter, beating analysts' consensus estimates of C$1.94 by C$0.17. The company had revenue of C$13.38 billion during the quarter, compared to analyst estimates of C$14.30 billion. Imperial Oil had a return on equity of 22.17% and a net margin of 10.09%. On average, research analysts anticipate that Imperial Oil will post 8.6164609 earnings per share for the current fiscal year.

Imperial Oil Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Tuesday, October 1st were given a dividend of $0.60 per share. The ex-dividend date was Wednesday, September 4th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.27%. Imperial Oil's payout ratio is currently 25.16%.

Imperial Oil Company Profile

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.