Imperial Oil (TSE:IMO) Share Price Passes Above 200 Day Moving Average - What's Next?

Shares of Imperial Oil Limited (TSE:IMO - Get Free Report) NYSEMKT: IMO passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$96.71 and traded as high as C$107.73. Imperial Oil shares last traded at C$98.57, with a volume of 1,368,162 shares traded.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Scotiabank lowered Imperial Oil from an "outperform" rating to a "sector perform" rating and set a C$110.00 price objective on the stock. in a research report on Wednesday, September 25th. JPMorgan Chase & Co. lifted their price objective on Imperial Oil from C$94.00 to C$97.00 and gave the stock a "neutral" rating in a research report on Tuesday, October 8th. Desjardins lifted 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. Wolfe Research upgraded Imperial Oil to a "strong-buy" rating in a research report on Thursday, July 18th. Finally, National Bankshares cut their price objective on Imperial Oil from C$115.00 to C$112.00 in a research report on Friday, September 27th. Ten investment analysts have rated the stock with a hold rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of C$99.25.

Imperial Oil Stock Down 5.1 %

The stock has a 50 day simple moving average of C$99.83 and a 200-day simple moving average of C$96.71. The firm has a market cap of C$52.82 billion, a PE ratio of 10.33, a PEG 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.

Imperial Oil (TSE:IMO - Get Free Report) NYSEMKT: IMO last announced its quarterly earnings data on Friday, August 2nd. The company reported C$2.11 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of C$1.94 by C$0.17. The business had revenue of C$13.38 billion during the quarter, compared to analysts' expectations of C$14.30 billion. Imperial Oil had a return on equity of 22.17% and a net margin of 10.09%. Sell-side analysts predict that Imperial Oil Limited will post 8.6164609 EPS for the current fiscal year.

Imperial Oil Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 1st. Shareholders of record on Tuesday, December 3rd will be paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 2.43%. The ex-dividend date of this dividend is Tuesday, December 3rd. Imperial Oil's payout ratio is 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.