Imperial Oil Limited (TSE:IMO) Given Average Recommendation of “Strong Sell” by Analysts

Shares of Imperial Oil Limited (TSE:IMO) (NYSEMKT:IMO) have received a consensus recommendation of “Strong Sell” from the eleven analysts that are covering the stock, MarketBeat Ratings reports. Six analysts have rated the stock with a sell recommendation and five have issued a hold recommendation on the company. The average 12-month price target among analysts that have covered the stock in the last year is C$116.20.

Several analysts recently issued reports on the company. Royal Bank Of Canada downgraded Imperial Oil from a “sector perform” rating to an “underperform” rating and set a C$116.00 price target for the company. in a research note on Monday, February 23rd. Morgan Stanley lifted their target price on Imperial Oil from C$97.00 to C$101.00 in a report on Thursday, November 20th. JPMorgan Chase & Co. boosted their target price on shares of Imperial Oil from C$99.00 to C$108.00 in a research report on Tuesday, February 3rd. TD Securities raised their price target on shares of Imperial Oil from C$101.00 to C$110.00 and gave the stock a “sell” rating in a research report on Monday, February 23rd. Finally, National Bank Financial lifted 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 Stock Down 0.4%

Imperial Oil stock opened at C$162.61 on Friday. The company’s 50-day moving average price is C$143.64 and its two-hundred day moving average price is C$132.49. The company has a quick ratio of 0.98, a current ratio of 1.27 and a debt-to-equity ratio of 19.69. The stock has a market cap of C$78.64 billion, a P/E ratio of 25.09, a P/E/G ratio of 0.21 and a beta of 0.95. Imperial Oil has a twelve month low of C$82.98 and a twelve month high of C$169.07.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last issued its quarterly earnings data on Friday, January 30th. The company reported C$1.97 earnings per share (EPS) for the quarter. Imperial Oil had a return on equity of 14.75% and a net margin of 7.02%.The company had revenue of C$11.28 billion during the quarter. As a group, analysts expect that Imperial Oil will post 8.6164609 EPS for the current year.

Imperial Oil Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Wednesday, April 1st will be given a $0.87 dividend. The ex-dividend date is Thursday, March 5th. This is a positive change from Imperial Oil’s previous quarterly dividend of $0.72. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.1%. Imperial Oil’s dividend payout ratio (DPR) is presently 44.44%.

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