Imperial Oil (IMO) Set to Announce Earnings on Friday

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) is set to issue its quarterly earnings data before the market opens on Friday, November 1st. Analysts expect the company to announce earnings of C$2.04 per share for the quarter.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last released its quarterly earnings data on Friday, August 2nd. The company reported C$2.11 earnings per share for the quarter, beating analysts’ consensus estimates of C$1.94 by C$0.17. Imperial Oil had a return on equity of 22.17% and a net margin of 10.09%. The firm had revenue of C$13.38 billion during the quarter, compared to analyst estimates of C$14.30 billion.

Imperial Oil Price Performance

IMO stock opened at C$104.33 on Friday. The company has a current ratio of 1.40, a quick ratio of 0.98 and a debt-to-equity ratio of 18.27. The stock has a market capitalization of C$55.90 billion, a price-to-earnings ratio of 10.94, a PEG ratio of 0.21 and a beta of 1.78. Imperial Oil has a 12-month low of C$72.03 and a 12-month high of C$108.89. The firm’s 50-day moving average price is C$99.89 and its two-hundred day moving average price is C$96.48.

Imperial Oil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Tuesday, October 1st were given a $0.60 dividend. The ex-dividend date was Wednesday, September 4th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.30%. Imperial Oil’s dividend payout ratio is currently 25.16%.

Analysts Set New Price Targets

IMO has been the topic of a number of research reports. Wolfe Research raised shares of Imperial Oil to a “strong-buy” rating in a research note on Thursday, July 18th. Scotiabank downgraded Imperial Oil from an “outperform” rating to a “sector perform” rating and set a C$110.00 price target for the company. in a report on Wednesday, September 25th. National Bankshares reduced their price target on shares of Imperial Oil from C$115.00 to C$112.00 in a research report on Friday, September 27th. Royal Bank of Canada decreased their target price on Imperial Oil from C$108.00 to C$99.00 in a research report on Tuesday, September 17th. Finally, TD Securities raised their price target on shares of Imperial Oil from C$91.00 to C$92.00 and gave the company a “hold” rating in a report on Thursday, August 8th. Ten analysts have rated the stock with a hold rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of C$99.25.

Imperial Oil Company Profile

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.