National Bank Financial Increases Imperial Oil (TSE:IMO) Price Target to C$212.00

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) had its price target upped by National Bank Financial from C$139.00 to C$212.00 in a research report issued on Tuesday,BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. National Bank Financial’s price objective suggests a potential upside of 18.08% from the company’s previous close.

A number of other analysts have also recently commented on IMO. BMO Capital Markets cut shares of Imperial Oil from an “outperform” rating to a “market perform” rating and dropped their price target for the company from C$132.00 to C$129.00 in a research note on Monday, December 15th. UBS Group lifted their price objective on shares of Imperial Oil from C$155.00 to C$185.00 in a research note on Monday, March 16th. TD Securities boosted their target price on shares of Imperial Oil from C$101.00 to C$110.00 and gave the company a “sell” rating in a report on Monday, February 23rd. JPMorgan Chase & Co. increased their target price on Imperial Oil from C$99.00 to C$108.00 in a research report on Tuesday, February 3rd. Finally, Desjardins raised their price target on Imperial Oil from C$120.00 to C$132.00 and gave the stock a “sell” rating in a report on Friday, February 20th. Four investment analysts have rated the stock with a Hold rating and five have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Strong Sell” and a consensus target price of C$130.82.

Imperial Oil Trading Down 1.5%

Shares of IMO opened at C$179.54 on Tuesday. Imperial Oil has a fifty-two week low of C$82.98 and a fifty-two week high of C$185.13. The business has a 50-day moving average of C$160.98 and a 200 day moving average of C$139.25. The firm has a market cap of C$86.82 billion, a P/E ratio of 27.71, a price-to-earnings-growth ratio of 0.21 and a beta of 0.90. The company has a debt-to-equity ratio of 19.69, a quick ratio of 0.98 and a current ratio of 1.27.

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

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.