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

Imperial Oil Limited (TSE:IMO) (NYSEMKT:IMO) has received an average rating of “Strong Sell” from the nine ratings firms that are covering the firm, Marketbeat Ratings reports. Five analysts have rated the stock with a sell recommendation and four have assigned a hold recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is C$124.18.

A number of equities analysts have weighed in on IMO shares. Royal Bank Of Canada lowered Imperial Oil from a “sector perform” rating to an “underperform” rating and set a C$116.00 target price on the stock. in a research note on Monday, February 23rd. Raymond James Financial lifted their price target on Imperial Oil from C$107.00 to C$126.00 in a research report on Monday. JPMorgan Chase & Co. boosted their price objective on Imperial Oil from C$99.00 to C$108.00 in a report on Tuesday, February 3rd. National Bank Financial raised their target price on shares of Imperial Oil from C$127.00 to C$139.00 and gave the company a “sector perform” rating in a research note on Tuesday, February 3rd. Finally, Desjardins lifted their target price on shares of Imperial Oil from C$120.00 to C$132.00 and gave the company a “sell” rating in a research report on Friday, February 20th.

Imperial Oil Stock Down 0.3%

IMO opened at C$180.63 on Tuesday. The firm has a market capitalization of C$87.35 billion, a P/E ratio of 27.88, a price-to-earnings-growth ratio of 0.21 and a beta of 0.90. Imperial Oil has a one year low of C$82.98 and a one year high of C$185.13. The company has a fifty day moving average price of C$159.21 and a 200-day moving average price of C$138.57. The company has a debt-to-equity ratio of 19.69, a current ratio of 1.27 and a quick ratio of 0.98.

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. The company had revenue of C$11.28 billion for the quarter. Imperial Oil had a return on equity of 14.75% and a net margin of 7.02%. Equities research analysts expect that Imperial Oil will post 8.6164609 earnings per share for the current fiscal year.

Imperial Oil Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Wednesday, April 1st will be given a dividend of $0.87 per share. This is an increase from Imperial Oil’s previous quarterly dividend of $0.72. The ex-dividend date is Thursday, March 5th. This represents a $3.48 annualized dividend and a dividend yield of 1.9%. Imperial Oil’s dividend 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.