Imperial Oil Limited (TSE:IMO – Free Report) (NYSEMKT:IMO) – Investment analysts at Zacks Research upped their Q4 2024 earnings estimates for Imperial Oil in a research note issued to investors on Wednesday, January 15th. Zacks Research analyst R. Department now forecasts that the company will earn $1.77 per share for the quarter, up from their previous forecast of $1.73. The consensus estimate for Imperial Oil’s current full-year earnings is $8.62 per share. Zacks Research also issued estimates for Imperial Oil’s Q1 2025 earnings at $1.40 EPS, Q3 2025 earnings at $1.52 EPS, FY2025 earnings at $6.09 EPS, Q1 2026 earnings at $2.10 EPS, Q2 2026 earnings at $2.04 EPS, Q3 2026 earnings at $1.47 EPS, Q4 2026 earnings at $2.30 EPS and FY2026 earnings at $7.91 EPS.
A number of other brokerages have also recently commented on IMO. JPMorgan Chase & Co. lifted their target price on shares of Imperial Oil from C$97.00 to C$100.00 in a report on Wednesday, November 13th. Raymond James lifted their price objective on shares of Imperial Oil from C$101.50 to C$104.00 in a research note on Friday, December 13th. CIBC increased their target price on shares of Imperial Oil from C$105.00 to C$108.00 in a research note on Friday. National Bankshares lowered their price target on Imperial Oil from C$115.00 to C$112.00 in a report on Friday, September 27th. Finally, TD Securities upped their price objective on Imperial Oil from C$93.00 to C$96.00 and gave the company a “hold” rating in a research note on Friday, December 13th. Ten analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of C$104.20.
Imperial Oil Trading Up 0.1 %
IMO opened at C$98.86 on Friday. The company has a quick ratio of 0.98, a current ratio of 1.40 and a debt-to-equity ratio of 18.27. Imperial Oil has a 52 week low of C$73.81 and a 52 week high of C$108.89. The business’s 50 day moving average is C$97.96 and its two-hundred day moving average is C$98.46. The firm has a market cap of C$52.97 billion, a price-to-earnings ratio of 10.36, a price-to-earnings-growth ratio of 0.21 and a beta of 1.78.
Imperial Oil Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 1st. Investors of record on Wednesday, January 1st were paid a $0.60 dividend. The ex-dividend date was Tuesday, December 3rd. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.43%. Imperial Oil’s dividend payout ratio (DPR) is presently 25.16%.
Insider Buying and Selling
In related news, Director Bradley William Corson purchased 4,800 shares of Imperial Oil stock in a transaction dated Thursday, December 12th. The stock was bought at an average cost of C$97.44 per share, for a total transaction of C$467,713.92. 71.26% of the stock is currently owned by corporate insiders.
About Imperial Oil
Imperial Oil is one of Canada’s largest integrated oil companies, focusing on upstream operations, petroleum refining operations, and the marketing of petroleum products. Production averaged 398 thousand barrels of oil equivalent per day in 2020. The company estimates that it holds 5.2 billion boe of proved and probable crude oil and natural gas reserves.
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