Imperial Oil (TSE:IMO) Stock Price Crosses Above 200-Day Moving Average of $87.48

Imperial Oil Limited (TSE:IMO) (NYSEMKT:IMO) shares crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$87.48 and traded as high as C$97.26. Imperial Oil shares last traded at C$96.35, with a volume of 224,589 shares changing hands.

Analysts Set New Price Targets

Several analysts have recently commented on the company. TD Securities increased their price objective on Imperial Oil from C$89.00 to C$91.00 and gave the company a “hold” rating in a report on Tuesday, April 30th. BMO Capital Markets increased their price objective on Imperial Oil from C$95.00 to C$115.00 in a report on Thursday, March 28th. Desjardins upped their target price on Imperial Oil from C$88.00 to C$92.00 and gave the company a “hold” rating in a research report on Tuesday, April 23rd. CIBC upped their target price on Imperial Oil from C$90.00 to C$105.00 and gave the company a “neutral” rating in a research report on Monday, April 22nd. Finally, National Bankshares upped their target price on Imperial Oil from C$90.00 to C$120.00 and gave the company a “sector perform” rating in a research report on Friday, April 19th. Nine investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of C$96.07.

Imperial Oil Price Performance

The company has a current ratio of 1.34, a quick ratio of 0.98 and a debt-to-equity ratio of 18.65. The company has a market capitalization of C$51.63 billion, a price-to-earnings ratio of 10.96, a P/E/G ratio of 0.21 and a beta of 1.83. The firm has a 50-day simple moving average of C$93.18 and a two-hundred day simple moving average of C$87.48.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last posted its earnings results on Friday, April 26th. The company reported C$2.23 EPS for the quarter, beating analysts’ consensus estimates of C$2.00 by C$0.23. Imperial Oil had a return on equity of 20.78% and a net margin of 9.50%. The firm had revenue of C$12.28 billion for the quarter, compared to analysts’ expectations of C$15.74 billion. As a group, analysts predict that Imperial Oil Limited will post 9.6175299 earnings per share for the current fiscal year.

Imperial Oil Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, July 1st. Stockholders of record on Monday, July 1st were given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.49%. The ex-dividend date was Monday, June 3rd. Imperial Oil’s dividend payout ratio (DPR) is presently 27.30%.

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.