Imperial Oil (TSE:IMO) Stock Crosses Above 200 Day Moving Average of $95.02

Imperial Oil Limited (TSE:IMO - Get Free Report) NYSEMKT: IMO's share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$95.02 and traded as high as C$97.15. Imperial Oil shares last traded at C$95.92, with a volume of 697,119 shares.

Analyst Ratings Changes

Several brokerages have recently commented on IMO. Wolfe Research upgraded shares of Imperial Oil to a "strong-buy" rating in a research report on Thursday, July 18th. Royal Bank of Canada cut their target price on Imperial Oil from C$108.00 to C$99.00 in a research note on Tuesday, September 17th. Raymond James set a C$93.00 price target on Imperial Oil and gave the company a "market perform" rating in a research note on Wednesday, May 29th. Desjardins upped their price objective 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, TD Securities lifted their target price on Imperial Oil from C$91.00 to C$92.00 and gave the company a "hold" rating in a research report on Thursday, August 8th. Ten investment analysts have rated the stock with a hold rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Imperial Oil presently has an average rating of "Hold" and an average target price of C$99.69.

Imperial Oil Price Performance

The company has a current ratio of 1.40, a quick ratio of 0.98 and a debt-to-equity ratio of 18.27. The business has a 50-day moving average of C$97.38 and a 200 day moving average of C$95.02. The firm has a market capitalization of C$50.85 billion, a PE ratio of 9.92, a price-to-earnings-growth ratio of 0.21 and a beta of 1.80.

Imperial Oil (TSE:IMO - Get Free Report) NYSEMKT: IMO last released its quarterly 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. Imperial Oil had a net margin of 10.09% and a return on equity of 22.17%. The company had revenue of C$13.38 billion for the quarter, compared to analyst estimates of C$14.30 billion. As a group, research analysts anticipate that Imperial Oil Limited will post 8.0042992 EPS for the current fiscal year.

Imperial Oil Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Tuesday, October 1st will be paid a $0.60 dividend. The ex-dividend date is Wednesday, September 4th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.53%. Imperial Oil's payout ratio is presently 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.