Imperial Oil (TSE:IMO) Price Target Cut to C$112.00 by Analysts at National Bankshares

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) had its target price decreased by National Bankshares from C$115.00 to C$112.00 in a report issued on Friday morning, BayStreet.CA reports.

Other equities research analysts have also recently issued research reports about the company. Wolfe Research raised Imperial Oil to a strong-buy rating in a research note on Thursday, July 18th. Royal Bank of Canada reduced their price objective on shares of Imperial Oil from C$108.00 to C$99.00 in a research report on Tuesday, September 17th. Scotiabank lowered shares of Imperial Oil from an outperform rating to a sector perform rating and set a C$110.00 price objective for the company. in a research note on Wednesday. TD Securities increased their target price on shares of Imperial Oil from C$91.00 to C$92.00 and gave the stock a hold rating in a research note on Thursday, August 8th. Finally, Desjardins raised their price target on shares of Imperial Oil from C$92.00 to C$101.00 and gave the stock a hold rating in a report on Tuesday, July 23rd. Ten 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.com, the company has a consensus rating of Hold and an average target price of C$99.08.

Imperial Oil Trading Up 2.3 %

IMO opened at C$94.82 on Friday. Imperial Oil has a twelve month low of C$72.03 and a twelve month high of C$106.09. The company has a fifty day moving average of C$97.26 and a 200-day moving average of C$95.06. The stock has a market cap of C$50.81 billion, a PE ratio of 9.92, a price-to-earnings-growth ratio of 0.21 and a beta of 1.80. The company has a quick ratio of 0.98, a current ratio of 1.40 and a debt-to-equity ratio of 18.27.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last issued its quarterly earnings results on Friday, August 2nd. The company reported C$2.11 EPS for the quarter, beating analysts’ consensus estimates 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 business had revenue of C$13.38 billion for the quarter, compared to analysts’ expectations of C$14.30 billion. On average, sell-side analysts predict that Imperial Oil will post 8.0042992 EPS for the current year.

Imperial Oil Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Tuesday, October 1st will be issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 2.53%. The ex-dividend date is Wednesday, September 4th. Imperial Oil’s dividend payout ratio is currently 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.