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

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) had its price target decreased by TD from C$156.00 to C$150.00 in a note issued to investors on Wednesday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. TD’s price objective would indicate a potential downside of 17.35% from the stock’s current price.

Several other brokerages have also recently issued reports on IMO. Raymond James Financial increased their price objective on Imperial Oil from C$107.00 to C$126.00 in a research note on Monday, March 30th. National Bank Financial upped their price target on Imperial Oil from C$212.00 to C$214.00 and gave the stock a “sector perform” rating in a report on Wednesday, July 8th. Desjardins set a C$160.00 price objective on Imperial Oil and gave the company a “hold” rating in a research note on Friday, July 17th. Royal Bank Of Canada boosted their price objective on Imperial Oil from C$116.00 to C$124.00 and gave the stock an “underperform” rating in a research report on Wednesday, April 8th. Finally, Scotiabank upgraded shares of Imperial Oil to a “hold” rating in a research note on Friday, June 26th. One analyst has rated the stock with a Buy rating, five have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Reduce” and an average target price of C$142.45.

Imperial Oil Trading Up 2.5%

Shares of IMO stock opened at C$181.48 on Wednesday. The company has a debt-to-equity ratio of 18.53, a quick ratio of 0.98 and a current ratio of 1.23. The stock has a market capitalization of C$87.76 billion, a P/E ratio of 30.76, a price-to-earnings-growth ratio of 0.21 and a beta of 0.39. The company has a 50 day moving average price of C$170.04 and a 200 day moving average price of C$164.44. Imperial Oil has a fifty-two week low of C$113.01 and a fifty-two week high of C$191.76.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last released its earnings results on Friday, May 1st. The company reported C$1.94 earnings per share (EPS) for the quarter. Imperial Oil had a net margin of 6.13% and a return on equity of 13.38%. The company had revenue of C$12.42 billion for the quarter. Equities research analysts predict that Imperial Oil will post 8.6164609 EPS for the current fiscal year.

Insiders Place Their Bets

In other Imperial Oil news, insider Ian Robert Laing sold 4,100 shares of the company’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of C$176.63, for a total value of C$724,183.00. Insiders have sold 6,569 shares of company stock valued at $1,144,955 over the last three months. 71.26% of the stock is owned by insiders.

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.