Imperial Oil (TSE:IMO) Price Target Cut to C$112.00

Imperial Oil (TSE:IMO - Free Report) NYSEMKT: IMO had its target price reduced by National Bankshares from C$115.00 to C$112.00 in a research report released on Friday morning, BayStreet.CA reports.

Several other equities analysts also recently issued reports on the stock. Royal Bank of Canada reduced their price objective on shares of Imperial Oil from C$108.00 to C$99.00 in a research note on Tuesday, September 17th. Wolfe Research raised Imperial Oil to a strong-buy rating in a research note on Thursday, July 18th. Desjardins lifted their price objective on Imperial Oil from C$92.00 to C$101.00 and gave the company a hold rating in a research report on Tuesday, July 23rd. Scotiabank lowered Imperial Oil from an outperform rating to a sector perform rating and set a C$110.00 target price for the company. in a research note on Wednesday. Finally, TD Securities raised their price target on Imperial Oil from C$91.00 to C$92.00 and gave the stock a hold rating in a research note on Thursday, August 8th. Ten research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of Hold and an average price target of C$99.08.

Imperial Oil Price Performance

Imperial Oil stock traded up C$2.16 during mid-day trading on Friday, hitting C$94.82. 834,469 shares of the company were exchanged, compared to its average volume of 961,531. Imperial Oil has a 12-month low of C$72.03 and a 12-month high of C$106.09. The company has a market capitalization of C$50.81 billion, a P/E ratio of 9.94, a PEG ratio of 0.21 and a beta of 1.80. The business's 50 day simple moving average is C$97.25 and its two-hundred day simple moving average is C$95.06. 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 posted its quarterly earnings data on Friday, August 2nd. The company reported C$2.11 EPS for the quarter, topping analysts' consensus estimates of C$1.94 by C$0.17. The firm 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%. Analysts forecast that Imperial Oil will post 8.0042992 earnings per share for the current fiscal year.

Imperial Oil Announces Dividend

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