Desjardins Lowers Imperial Oil (TSE:IMO) Price Target to C$77.00

Imperial Oil (TSE:IMOFree Report) (NYSEMKT:IMO) had its price target lowered by Desjardins from C$82.00 to C$77.00 in a research note published on Tuesday, BayStreet.CA reports. The firm currently has a hold rating on the stock.

IMO has been the topic of several other research reports. JPMorgan Chase & Co. upgraded shares of Imperial Oil from an underweight rating to a neutral rating and boosted their price objective for the stock from C$95.00 to C$97.00 in a report on Friday, December 8th. The Goldman Sachs Group downgraded shares of Imperial Oil from a buy rating to a neutral rating and set a C$86.00 target price on the stock. in a research report on Wednesday, November 8th. Morgan Stanley upped their price objective on shares of Imperial Oil from C$78.00 to C$80.00 in a report on Wednesday, November 29th. TD Securities lowered their price objective on Imperial Oil from C$95.00 to C$93.00 and set a buy rating for the company in a research report on Wednesday, November 1st. Finally, CIBC upped their price target on Imperial Oil from C$76.00 to C$85.00 and gave the stock a neutral rating in a research note on Monday, October 16th. Eight equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of Hold and an average target price of C$85.67.

View Our Latest Report on Imperial Oil

Imperial Oil Stock Performance

Shares of IMO stock opened at C$77.12 on Tuesday. Imperial Oil has a 1 year low of C$60.19 and a 1 year high of C$85.11. The stock’s 50-day moving average is C$76.41 and its two-hundred day moving average is C$76.27. The firm has a market cap of C$41.32 billion, a price-to-earnings ratio of 8.59, a PEG ratio of 0.21 and a beta of 1.76. The company has a debt-to-equity ratio of 18.34, a quick ratio of 0.98 and a current ratio of 1.38.

Imperial Oil (TSE:IMOGet Free Report) (NYSEMKT:IMO) last released its quarterly earnings data on Friday, October 27th. The company reported C$2.76 earnings per share for the quarter, topping the consensus estimate of C$2.46 by C$0.30. The firm had revenue of C$13.92 billion for the quarter, compared to analyst estimates of C$18.25 billion. Imperial Oil had a net margin of 10.08% and a return on equity of 22.77%. Analysts predict that Imperial Oil will post 8.3791946 earnings per share for the current year.

Imperial Oil Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, January 1st. Investors of record on Monday, January 1st were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, November 30th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.59%. Imperial Oil’s payout ratio is 22.47%.

About Imperial Oil

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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 for, and produces crude oil, natural gas, synthetic crude oil, and bitumen. The Downstream segment is involved in the transportation and refining of crude oil, blending of refined products, and the distribution and marketing of refined products.

Further Reading

Analyst Recommendations for Imperial Oil (TSE:IMO)

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