Imperial Oil Ltd (TSE:IMO) (NYSEMKT:IMO) – Investment analysts at National Bank Financial reduced their FY2017 earnings estimates for Imperial Oil in a note issued to investors on Wednesday. National Bank Financial analyst T. Wood now forecasts that the company will post earnings of $0.50 per share for the year, down from their prior forecast of $1.42. National Bank Financial also issued estimates for Imperial Oil’s FY2018 earnings at $0.89 EPS.

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A number of other brokerages have also recently weighed in on IMO. BMO Capital Markets reaffirmed a “market perform” rating and issued a C$35.00 price objective on shares of Imperial Oil in a research note on Monday, May 1st. Royal Bank Of Canada dropped their price objective on Imperial Oil from C$41.00 to C$40.00 and set a “sector perform” rating for the company in a research note on Friday. Barclays PLC dropped their price objective on Imperial Oil from C$50.00 to C$48.00 in a research note on Tuesday, April 11th. TD Securities dropped their price objective on Imperial Oil from C$44.00 to C$43.00 and set a “hold” rating for the company in a research note on Thursday. Finally, CIBC cut Imperial Oil from an “outperform” rating to a “neutral” rating and dropped their price objective for the company from C$50.00 to C$45.00 in a research note on Wednesday, May 24th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of C$44.62.

Shares of Imperial Oil (IMO) opened at 37.00 on Monday. The stock has a market capitalization of $31.24 billion and a PE ratio of 11.63. Imperial Oil has a 52 week low of $35.15 and a 52 week high of $48.72. The company’s 50 day moving average price is $37.54 and its 200-day moving average price is $40.09.

In related news, insider Jonathan Wetmore sold 5,282 shares of Imperial Oil stock in a transaction on Thursday, July 6th. The stock was sold at an average price of C$36.68, for a total value of C$193,743.76.

Imperial Oil Company Profile

Imperial Oil Limited is an integrated oil company. The Company is engaged in all the phases of the petroleum industry in Canada, including exploration for, and production and sale of, crude oil and natural gas. Its operations are conducted in three segments: Upstream, Downstream and Chemical. The Upstream operations include the exploration for, and production of, crude oil, natural gas, synthetic oil and bitumen.

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