Imperial Oil (IMO) Projected to Post Earnings on Friday

Imperial Oil (NYSEAMERICAN:IMO) (TSE:IMO) is expected to release its earnings data before the market opens on Friday, January 31st. Analysts expect Imperial Oil to post earnings of $1.36 per share and revenue of $11.18 billion for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Imperial Oil Stock Performance

Shares of IMO stock opened at $70.41 on Wednesday. Imperial Oil has a fifty-two week low of $55.82 and a fifty-two week high of $80.17. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.44 and a quick ratio of 1.23. The firm has a market capitalization of $35.84 billion, a PE ratio of 10.49 and a beta of 1.45.

Imperial Oil Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 1st. Shareholders of record on Tuesday, December 3rd were given a dividend of $0.4304 per share. This represents a $1.72 dividend on an annualized basis and a yield of 2.45%. The ex-dividend date of this dividend was Tuesday, December 3rd. Imperial Oil’s payout ratio is currently 25.34%.

Analyst Ratings Changes

Several research firms have recently commented on IMO. JPMorgan Chase & Co. lowered shares of Imperial Oil from a “neutral” rating to an “underweight” rating in a research report on Thursday, December 19th. Wolfe Research cut Imperial Oil from an “outperform” rating to a “peer perform” rating in a report on Friday, January 3rd. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $109.00.

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.