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

Imperial Oil Limited (TSE:IMO) (NYSEMKT:IMO) has received a consensus recommendation of “Hold” from the eleven brokerages that are presently covering the firm, Marketbeat.com reports. Ten equities research analysts have rated the stock with a hold recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is C$99.08.

Several research analysts recently weighed in on the company. National Bankshares dropped their price target on Imperial Oil from C$115.00 to C$112.00 in a research report on Friday, September 27th. Scotiabank cut shares of Imperial Oil from an “outperform” rating to a “sector perform” rating and set a C$110.00 price target for the company. in a report on Wednesday, September 25th. TD Securities boosted their price objective on shares of Imperial Oil from C$91.00 to C$92.00 and gave the company a “hold” rating in a research report on Thursday, August 8th. Wolfe Research upgraded shares of Imperial Oil to a “strong-buy” rating in a research report on Thursday, July 18th. Finally, Desjardins boosted their price target on shares of Imperial Oil from C$92.00 to C$101.00 and gave the company a “hold” rating in a report on Tuesday, July 23rd.

Imperial Oil Stock Performance

Shares of IMO opened at C$99.32 on Friday. Imperial Oil has a one year low of C$72.03 and a one year high of C$106.09. The company has a 50-day moving average of C$97.30 and a two-hundred day moving average of C$95.24. The company has a debt-to-equity ratio of 18.27, a current ratio of 1.40 and a quick ratio of 0.98. The stock has a market cap of C$53.22 billion, a price-to-earnings ratio of 10.41, a PEG ratio of 0.21 and a beta of 1.80.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last posted its quarterly earnings data on Friday, August 2nd. The company reported C$2.11 earnings per share for the quarter, topping the consensus estimate of C$1.94 by C$0.17. The firm had revenue of C$13.38 billion for the quarter, compared to analysts’ expectations of C$14.30 billion. Imperial Oil had a net margin of 10.09% and a return on equity of 22.17%. On average, equities research analysts expect that Imperial Oil will post 8.0042992 earnings per share for the current year.

Imperial Oil Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Tuesday, October 1st were issued a $0.60 dividend. The ex-dividend date was Wednesday, September 4th. This represents a $2.40 annualized dividend and a yield of 2.42%. Imperial Oil’s dividend payout ratio (DPR) is currently 25.16%.

Imperial Oil Company Profile

Imperial Oil Limited engages in exploration, production, and sale of crude oil and natural gas in Canada. The company operates through three segments: Upstream, Downstream and Chemical segments. The Upstream segment explores and produces crude oil, natural gas, synthetic crude oil, and bitumen. The Downstream segment transports and refines crude oil, blends refined products, and distributes and markets of refined products.