TD Securities Has Lowered Expectations for Imperial Oil (TSE:IMO) Stock Price

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) had its price target decreased by stock analysts at TD Securities from C$107.00 to C$106.00 in a research report issued to clients and investors on Tuesday,BayStreet.CA reports. TD Securities’ target price points to a potential downside of 9.56% from the stock’s previous close.

Other research analysts have also issued research reports about the stock. Raymond James Financial lowered shares of Imperial Oil from a “hold” rating to a “strong sell” rating and raised their target price for the company from C$110.00 to C$111.00 in a research note on Monday, December 8th. Cibc World Mkts cut shares of Imperial Oil from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 14th. Desjardins increased their price target on Imperial Oil from C$114.00 to C$120.00 and gave the company a “sell” rating in a research note on Monday, November 24th. Morgan Stanley lifted their price objective on Imperial Oil from C$97.00 to C$101.00 in a research note on Thursday, November 20th. Finally, Royal Bank Of Canada increased their target price on Imperial Oil from C$115.00 to C$117.00 and gave the company a “sector perform” rating in a research note on Tuesday, October 7th. Six equities research analysts have rated the stock with a Hold rating and six have given a Sell rating to the company’s stock. According to MarketBeat.com, Imperial Oil presently has a consensus rating of “Reduce” and an average price target of C$112.30.

Imperial Oil Stock Down 0.1%

Shares of IMO opened at C$117.20 on Tuesday. The business’s fifty day moving average price is C$129.17 and its two-hundred day moving average price is C$120.98. The firm has a market capitalization of C$58.23 billion, a price-to-earnings ratio of 14.97, a PEG ratio of 0.21 and a beta of 1.04. Imperial Oil has a 52 week low of C$82.98 and a 52 week high of C$141.17. The company has a debt-to-equity ratio of 18.04, a quick ratio of 0.98 and a current ratio of 1.44.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last issued its quarterly earnings results on Friday, October 31st. The company reported C$2.17 earnings per share (EPS) for the quarter. The business had revenue of C$11.99 billion for the quarter. Imperial Oil had a return on equity of 21.23% and a net margin of 10.00%. On average, analysts predict that Imperial Oil will post 8.6164609 earnings per share for the current year.

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.