Imperial Oil (TSE:IMO) Stock Price Expected to Rise, TD Securities Analyst Says

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) had its price objective raised by TD Securities from C$92.00 to C$93.00 in a research note released on Tuesday morning,BayStreet.CA reports. TD Securities currently has a hold rating on the stock.

A number of other analysts have also recently weighed in on the stock. National Bankshares dropped their price objective on shares of Imperial Oil from C$115.00 to C$112.00 in a report on Friday, September 27th. Raymond James raised their price target on shares of Imperial Oil from C$99.00 to C$101.50 in a research note on Monday, November 4th. JPMorgan Chase & Co. boosted their price objective on Imperial Oil from C$94.00 to C$97.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 8th. BMO Capital Markets increased their price objective on Imperial Oil from C$115.00 to C$120.00 in a report on Friday, October 4th. Finally, Scotiabank downgraded 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. Nine equities research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of C$100.95.

Imperial Oil Price Performance

Shares of IMO opened at C$101.86 on Tuesday. Imperial Oil has a 12 month low of C$72.03 and a 12 month high of C$108.89. The company has a debt-to-equity ratio of 18.27, a current ratio of 1.40 and a quick ratio of 0.98. The stock has a fifty day moving average price of C$99.61 and a 200 day moving average price of C$96.89. The company has a market cap of C$54.58 billion, a P/E ratio of 10.68, a PEG ratio of 0.21 and a beta of 1.78.

Imperial Oil Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 1st. Shareholders of record on Tuesday, December 3rd will be given a $0.60 dividend. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $2.40 annualized dividend and a yield of 2.36%. Imperial Oil’s dividend payout ratio (DPR) is 25.16%.

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.