Imperial Oil Limited Sees Significant Increase in Short Interest (IMO)
Shares of Imperial Oil Limited (NYSE:IMO) were the target of a large increase in short interest in May. As of May 30th, there was short interest totalling 7,527,230 shares, an increase of 3.5% from the May 15th total of 7,274,531 shares, Analyst Ratings News reports. Currently, 2.9% of the company’s stock are short sold. Based on an average trading volume of 156,450 shares, the days-to-cover ratio is currently 48.1 days.
IMO has been the subject of a number of recent research reports. Analysts at BMO Capital Markets downgraded shares of Imperial Oil Limited from an “outperform” rating to an “underperform” rating in a research note on Friday, May 2nd. Separately, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Imperial Oil Limited in a research note on Thursday, April 17th. They now have a $60.00 price target on the stock. Finally, analysts at Desjardins downgraded shares of Imperial Oil Limited from a “hold” rating to a “sell” rating in a research note on Thursday, April 17th. Five investment analysts have rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $51.40.
Shares of Imperial Oil Limited (NYSE:IMO) traded down 0.06% during mid-day trading on Tuesday, hitting $49.81. The stock had a trading volume of 112,446 shares. Imperial Oil Limited has a 52 week low of $37.09 and a 52 week high of $50.08. The stock has a 50-day moving average of $48.89 and a 200-day moving average of $45.25. The company has a market cap of $42.219 billion and a P/E ratio of 15.60.
Imperial Oil Limited (NYSE:IMO) last released its earnings data on Thursday, May 1st. The company reported $1.09 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.06 by $0.03. On average, analysts predict that Imperial Oil Limited will post $4.36 earnings per share for the current fiscal year.
Imperial Oil Limited (NYSE:IMO) is an integrated oil company.
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