Imperial Oil Limited (TSE:IMO) Receives Consensus Recommendation of “Reduce” from Analysts

Shares of Imperial Oil Limited (TSE:IMO) (NYSEMKT:IMO) have received an average recommendation of “Reduce” from the eleven brokerages that are currently covering the company, MarketBeat Ratings reports. Five investment analysts have rated the stock with a sell recommendation and six have issued a hold recommendation on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is C$114.60.

IMO has been the topic of several research reports. TD Securities lowered their target price on Imperial Oil from C$107.00 to C$106.00 in a report on Tuesday, December 16th. Raymond James Financial increased their price objective on shares of Imperial Oil from C$106.00 to C$107.00 and gave the company an “underperform” rating in a research note on Monday, February 2nd. Desjardins lifted their target price on shares of Imperial Oil from C$114.00 to C$120.00 and gave the stock a “sell” rating in a research report on Monday, November 24th. BMO Capital Markets lowered shares of Imperial Oil from an “outperform” rating to a “market perform” rating and lowered their price target for the company from C$132.00 to C$129.00 in a research report on Monday, December 15th. Finally, National Bankshares raised their price objective on shares of Imperial Oil from C$127.00 to C$139.00 and gave the stock a “sector perform” rating in a research note on Tuesday, February 3rd.

Imperial Oil Price Performance

IMO stock opened at C$153.68 on Monday. The firm has a 50 day moving average of C$129.43 and a 200-day moving average of C$126.65. The company has a market cap of C$74.32 billion, a price-to-earnings ratio of 23.72, a PEG ratio of 0.21 and a beta of 0.95. The company has a current ratio of 1.44, a quick ratio of 0.98 and a debt-to-equity ratio of 18.04. Imperial Oil has a 12-month low of C$82.98 and a 12-month high of C$153.93.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last released its quarterly earnings data on Friday, January 30th. The company reported C$1.97 earnings per share for the quarter. Imperial Oil had a return on equity of 21.23% and a net margin of 10.00%. As a group, equities analysts expect that Imperial Oil will post 8.6164609 EPS for the current fiscal year.

Imperial Oil Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 1st. Stockholders of record on Thursday, January 1st were issued a $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend was Wednesday, December 3rd. Imperial Oil’s payout ratio is 44.44%.

Imperial Oil Company Profile

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. Imperial remains the largest refiner of petroleum products in Canada, operating three refineries with a combined processing capacity of 421 mboe/d.