Imperial Oil FY2024 EPS Forecast Increased by Zacks Research

Imperial Oil Limited (TSE:IMO - Free Report) NYSEMKT: IMO - Equities research analysts at Zacks Research boosted their FY2024 earnings estimates for shares of Imperial Oil in a research report issued on Wednesday, January 15th. Zacks Research analyst R. Department now anticipates that the company will post earnings of $8.44 per share for the year, up from their previous forecast of $8.40. The consensus estimate for Imperial Oil's current full-year earnings is $8.62 per share. Zacks Research also issued estimates for Imperial Oil's Q2 2025 earnings at $1.43 EPS and Q4 2025 earnings at $1.75 EPS.

IMO has been the subject of a number of other reports. JPMorgan Chase & Co. raised their price target on Imperial Oil from C$97.00 to C$100.00 in a research note on Wednesday, November 13th. BMO Capital Markets lifted their target price on shares of Imperial Oil from C$115.00 to C$120.00 in a research note on Friday, October 4th. TD Securities boosted their target price on shares of Imperial Oil from C$93.00 to C$96.00 and gave the stock a "hold" rating in a research report on Friday, December 13th. Wolfe Research lowered shares of Imperial Oil from a "strong-buy" rating to a "hold" rating in a research note on Friday, January 3rd. Finally, Scotiabank cut shares of Imperial Oil from an "outperform" rating to a "sector perform" rating and set a C$110.00 price objective for the company. in a report on Wednesday, September 25th. Ten research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of C$103.90.

Imperial Oil Stock Up 1.0 %

IMO traded up C$1.01 during trading on Thursday, reaching C$98.80. 1,073,598 shares of the stock traded hands, compared to its average volume of 1,108,344. The stock's 50-day simple moving average is C$98.08 and its two-hundred day simple moving average is C$98.39. 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 has a fifty-two week low of C$73.81 and a fifty-two week high of C$108.89. The stock has a market cap of C$52.94 billion, a price-to-earnings ratio of 10.36, a price-to-earnings-growth ratio of 0.21 and a beta of 1.78.

Insider Activity at Imperial Oil

In other Imperial Oil news, Director Bradley William Corson purchased 4,800 shares of the stock in a transaction on Thursday, December 12th. The shares were purchased at an average price of C$97.44 per share, with a total value of C$467,713.92. Corporate insiders own 71.26% of the company's stock.

Imperial Oil Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 1st. Investors of record on Wednesday, January 1st were given 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 was Tuesday, December 3rd. Imperial Oil's dividend payout ratio (DPR) is currently 25.16%.

About Imperial Oil

Imperial Oil is one of Canada's largest integrated oil companies, focusing on upstream operations, petroleum refining operations, and the marketing of petroleum products. Production averaged 398 thousand barrels of oil equivalent per day in 2020. The company estimates that it holds 5.2 billion boe of proved and probable crude oil and natural gas reserves.