Imperial Oil (TSE:IMO) PT Raised to C$92.00

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) had its price objective upped by stock analysts at Desjardins from C$88.00 to C$92.00 in a report issued on Tuesday, BayStreet.CA reports. The firm currently has a “hold” rating on the stock. Desjardins’ price target would indicate a potential downside of 5.07% from the stock’s previous close.

Other research analysts have also issued reports about the company. JPMorgan Chase & Co. dropped their target price on Imperial Oil from C$97.00 to C$94.00 in a research report on Monday, February 12th. TD Securities lowered Imperial Oil from a “buy” rating to a “hold” rating and upped their target price for the stock from C$87.00 to C$88.00 in a research report on Thursday, February 29th. Royal Bank of Canada upped their target price on Imperial Oil from C$85.00 to C$100.00 in a research report on Tuesday, April 9th. ATB Capital upped their target price on Imperial Oil from C$85.00 to C$90.00 and gave the stock a “sector perform” rating in a research report on Wednesday, March 20th. Finally, BMO Capital Markets upped their price target on Imperial Oil from C$95.00 to C$115.00 in a research note on Thursday, March 28th. Nine investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Imperial Oil currently has a consensus rating of “Hold” and an average target price of C$95.69.

Imperial Oil Stock Up 0.4 %

TSE:IMO opened at C$96.91 on Tuesday. The firm has a market capitalization of C$51.93 billion, a price-to-earnings ratio of 11.41, a PEG ratio of 0.21 and a beta of 1.84. Imperial Oil has a 1-year low of C$60.19 and a 1-year high of C$101.63. The company has a current ratio of 1.26, a quick ratio of 0.98 and a debt-to-equity ratio of 19.49. The business’s fifty day moving average price is C$90.94 and its 200 day moving average price is C$82.35.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last issued its earnings results on Friday, February 2nd. The company reported C$2.47 earnings per share for the quarter, topping the consensus estimate of C$2.08 by C$0.39. Imperial Oil had a return on equity of 21.91% and a net margin of 9.64%. The company had revenue of C$13.11 billion for the quarter, compared to analyst estimates of C$16.57 billion. On average, sell-side analysts forecast that Imperial Oil will post 8.4369527 earnings per share for the current fiscal year.

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.