Imperial Oil Limited (TSE:IMO) Given Consensus Recommendation of “Hold” by Analysts

Imperial Oil Limited (TSE:IMO) (NYSEMKT:IMO) has received a consensus recommendation of “Hold” from the eleven research firms that are currently covering the firm, Marketbeat reports. Ten investment analysts have rated the stock with a hold recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokers that have covered the stock in the last year is C$99.25.

Several research analysts have recently issued reports on IMO shares. Scotiabank downgraded shares of Imperial Oil from an “outperform” rating to a “sector perform” rating and set a C$110.00 target price on the stock. in a research note on Wednesday, September 25th. Raymond James upped their price objective on Imperial Oil from C$97.00 to C$99.00 in a research report on Tuesday, October 15th. JPMorgan Chase & Co. lifted their target price on Imperial Oil from C$94.00 to C$97.00 and gave the stock a “neutral” rating in a report on Tuesday, October 8th. BMO Capital Markets upped their price target on Imperial Oil from C$115.00 to C$120.00 in a report on Friday, October 4th. Finally, Desjardins lifted their price objective on Imperial Oil from C$92.00 to C$101.00 and gave the stock a “hold” rating in a report on Tuesday, July 23rd.

Imperial Oil Stock Up 1.3 %

Shares of Imperial Oil stock opened at C$105.72 on Tuesday. Imperial Oil has a 1 year low of C$72.03 and a 1 year high of C$108.89. The firm has a market cap of C$56.65 billion, a price-to-earnings ratio of 11.08, a PEG ratio of 0.21 and a beta of 1.78. The company has a 50-day moving average of C$99.96 and a 200 day moving average of C$96.57. 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 (TSE:IMO) (NYSEMKT:IMO) last released its earnings results on Friday, August 2nd. The company reported C$2.11 earnings per share (EPS) for the quarter, beating the consensus estimate of C$1.94 by C$0.17. Imperial Oil had a net margin of 10.09% and a return on equity of 22.17%. The firm had revenue of C$13.38 billion during the quarter, compared to analyst estimates of C$14.30 billion. As a group, sell-side analysts anticipate that Imperial Oil will post 8.6164609 earnings per share for the current fiscal year.

Imperial Oil Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Tuesday, October 1st were given a dividend of $0.60 per share. The ex-dividend date of this dividend was Wednesday, September 4th. This represents a $2.40 annualized dividend and a yield of 2.27%. Imperial Oil’s dividend payout ratio (DPR) is presently 25.16%.

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.