Imperial Oil (TSE:IMO) (NYSEMKT:IMO) had its price objective increased by equities researchers at Citigroup from C$30.00 to C$31.00 in a research report issued to clients and investors on Thursday, BayStreet.CA reports. Citigroup‘s target price suggests a potential downside of 13.13% from the stock’s current price.
Several other equities research analysts have also recently issued reports on IMO. CSFB lowered their price objective on Imperial Oil from C$38.00 to C$37.00 in a report on Friday, November 22nd. Morgan Stanley lowered their target price on Imperial Oil from C$39.00 to C$38.00 in a report on Wednesday, October 23rd. Canaccord Genuity boosted their target price on Imperial Oil from C$39.00 to C$40.00 in a report on Tuesday. Tudor Pickering restated a “hold” rating and set a C$37.00 target price on shares of Imperial Oil in a report on Tuesday. Finally, JPMorgan Chase & Co. lowered their target price on Imperial Oil from C$38.00 to C$37.00 in a report on Monday, December 9th. One research analyst has rated the stock with a sell rating and seven have given a hold rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of C$37.38.
IMO stock traded up C$0.62 during trading on Thursday, hitting C$35.69. The stock had a trading volume of 523,907 shares, compared to its average volume of 712,045. The company has a debt-to-equity ratio of 21.91, a current ratio of 1.45 and a quick ratio of 1.07. Imperial Oil has a twelve month low of C$31.51 and a twelve month high of C$40.59. The stock has a market capitalization of $26.40 billion and a P/E ratio of 9.92. The company’s 50-day moving average price is C$34.00 and its two-hundred day moving average price is C$34.17.
Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last posted its quarterly earnings data on Friday, November 1st. The company reported C$0.56 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.58 by C($0.02). The company had revenue of C$8.74 billion during the quarter, compared to the consensus estimate of C$8.91 billion. As a group, sell-side analysts expect that Imperial Oil will post 2.4100001 EPS for the current fiscal year.
About Imperial Oil
Imperial Oil Limited explores for, produces, and sells crude oil and natural gas in Canada. It operates through three segments: Upstream, Downstream, and Chemical. The Upstream segment explores for and produces crude oil, natural gas, synthetic oil, and bitumen. As of December 31, 2018, this segment had 404 million oil-equivalent barrels of proved undeveloped reserves.
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