Imperial Oil (IMO) to Release Quarterly Earnings on Friday

Imperial Oil (TSE:IMO - Get Free Report) NYSEMKT: IMO will be announcing its earnings results before the market opens on Friday, November 1st. Analysts expect the company to announce earnings of C$2.04 per share for the quarter.

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 EPS for the quarter, beating analysts' consensus estimates 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 analyst estimates of C$14.30 billion.

Imperial Oil Trading Up 1.3 %

Shares of IMO traded up C$1.39 during mid-day trading on Friday, reaching C$105.72. 415,351 shares of the company were exchanged, compared to its average volume of 959,160. The business has a 50 day simple moving average of C$99.91 and a two-hundred day simple moving average of C$96.53. The company has a debt-to-equity ratio of 18.27, a quick ratio of 0.98 and a current ratio of 1.40. The stock has a market capitalization of C$56.65 billion, a PE ratio of 11.08, a PEG ratio of 0.21 and a beta of 1.78. Imperial Oil has a 52 week low of C$72.03 and a 52 week high of C$108.89.

Imperial Oil Dividend Announcement

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

Wall Street Analyst Weigh In

IMO has been the topic of several recent analyst reports. JPMorgan Chase & Co. boosted their price target on Imperial Oil from C$94.00 to C$97.00 and gave the company a "neutral" rating in a research note on Tuesday, October 8th. Wolfe Research upgraded shares of Imperial Oil to a "strong-buy" rating in a research report on Thursday, July 18th. National Bankshares decreased their price target on shares of Imperial Oil from C$115.00 to C$112.00 in a research note on Friday, September 27th. TD Securities upped their price objective on shares of Imperial Oil from C$91.00 to C$92.00 and gave the company a "hold" rating in a report on Thursday, August 8th. Finally, BMO Capital Markets boosted their target price on Imperial Oil from C$115.00 to C$120.00 in a research 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 an average target price of C$99.25.

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.