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

Imperial Oil Limited (TSE:IMO) (NYSEMKT:IMO) has received an average rating of “Hold” from the ten analysts that are currently covering the firm, Marketbeat Ratings reports. Nine investment analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is C$96.31.

A number of research firms have commented on IMO. JPMorgan Chase & Co. reduced their target price on Imperial Oil from C$97.00 to C$94.00 in a report on Monday, February 12th. BMO Capital Markets increased their target price on Imperial Oil from C$95.00 to C$115.00 in a report on Thursday, March 28th. TD Securities increased their price target on Imperial Oil from C$89.00 to C$91.00 and gave the stock a “hold” rating in a research report on Tuesday, April 30th. ATB Capital increased their price target 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, National Bankshares increased their price target on Imperial Oil from C$90.00 to C$120.00 and gave the stock a “sector perform” rating in a research report on Friday, April 19th.

Imperial Oil Price Performance

Shares of TSE IMO opened at C$94.44 on Friday. Imperial Oil has a 1-year low of C$61.04 and a 1-year high of C$101.63. The business has a 50-day moving average of C$95.09 and a 200-day moving average of C$84.44. The company has a debt-to-equity ratio of 18.65, a current ratio of 1.34 and a quick ratio of 0.98. The company has a market capitalization of C$50.60 billion, a price-to-earnings ratio of 10.99, a PEG ratio of 0.21 and a beta of 1.83.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last issued its earnings results on Friday, April 26th. The company reported C$2.23 earnings per share for the quarter, topping the consensus estimate of C$2.00 by C$0.23. The company had revenue of C$12.28 billion during the quarter, compared to the consensus estimate of C$15.74 billion. Imperial Oil had a return on equity of 20.78% and a net margin of 9.50%. On average, equities analysts anticipate that Imperial Oil will post 9.4017769 EPS for the current fiscal year.

Imperial Oil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Monday, June 3rd will be given a dividend of $0.60 per share. The ex-dividend date is Friday, May 31st. This represents a $2.40 annualized dividend and a dividend yield of 2.54%. Imperial Oil’s dividend payout ratio is presently 27.94%.

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.