Q4 EPS Estimates for Imperial Oil Lifted by Zacks Research

Imperial Oil Limited (TSE:IMO - Free Report) NYSEMKT: IMO - Equities researchers at Zacks Research lifted their Q4 2024 earnings per share (EPS) estimates for shares of Imperial Oil in a report issued on Wednesday, January 15th. Zacks Research analyst R. Department now expects that the company will earn $1.77 per share for the quarter, up from their prior forecast of $1.73. 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 Q1 2025 earnings at $1.40 EPS, Q3 2025 earnings at $1.52 EPS, FY2025 earnings at $6.09 EPS, Q1 2026 earnings at $2.10 EPS, Q2 2026 earnings at $2.04 EPS, Q3 2026 earnings at $1.47 EPS, Q4 2026 earnings at $2.30 EPS and FY2026 earnings at $7.91 EPS.

Several other research analysts have also weighed in on the stock. Scotiabank lowered 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. CIBC boosted their price objective on Imperial Oil from C$105.00 to C$108.00 in a report on Friday. National Bankshares cut their price objective on Imperial Oil from C$115.00 to C$112.00 in a research note on Friday, September 27th. JPMorgan Chase & Co. lifted their target price on Imperial Oil from C$97.00 to C$100.00 in a research report on Wednesday, November 13th. Finally, Raymond James upped their price target on Imperial Oil from C$101.50 to C$104.00 in a research report on Friday, December 13th. Ten research analysts have rated the stock with a hold rating, According to MarketBeat, Imperial Oil has an average rating of "Hold" and a consensus target price of C$104.20.

Imperial Oil Stock Up 0.1 %

Shares of TSE:IMO traded up C$0.06 during midday trading on Friday, reaching C$98.86. The company had a trading volume of 1,023,531 shares, compared to its average volume of 1,101,276. The stock has a market capitalization of C$52.97 billion, a P/E ratio of 10.36, a PEG ratio of 0.21 and a beta of 1.78. The stock's fifty day moving average price is C$98.04 and its 200-day moving average price is C$98.43. 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 one year low of C$73.81 and a one year high of C$108.89.

Insider Buying and Selling

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

Imperial Oil Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 1st. Stockholders of record on Wednesday, January 1st were given a dividend of $0.60 per share. The ex-dividend date of this dividend was Tuesday, December 3rd. This represents a $2.40 annualized dividend and a dividend yield of 2.43%. Imperial Oil's dividend payout ratio 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.