Imperial Oil (TSE:IMO) Rating Increased to Strong-Buy at Scotiabank

Scotiabank upgraded shares of Imperial Oil (TSE:IMOFree Report) (NYSEMKT:IMO) from a hold rating to a strong-buy rating in a research report released on Friday morning, reports.

A number of other equities research analysts have also issued reports on the stock. CIBC increased their price objective on shares of Imperial Oil from C$90.00 to C$105.00 and gave the company a neutral rating in a report on Monday, April 22nd. National Bankshares raised their target price on shares of Imperial Oil from C$90.00 to C$120.00 and gave the company a sector perform rating in a research note on Friday, April 19th. Raymond James set a C$93.00 price target on shares of Imperial Oil and gave the stock a market perform rating in a research note on Wednesday, May 29th. ATB Capital raised their price objective on Imperial Oil from C$85.00 to C$90.00 and gave the company a sector perform rating in a research report on Wednesday, March 20th. Finally, BMO Capital Markets lifted their target price on Imperial Oil from C$95.00 to C$115.00 in a report on Thursday, March 28th. Nine analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Imperial Oil has a consensus rating of Hold and an average price target of C$96.07.

Read Our Latest Stock Report on Imperial Oil

Imperial Oil Trading Up 0.5 %

Shares of Imperial Oil stock opened at C$88.53 on Friday. Imperial Oil has a fifty-two week low of C$63.19 and a fifty-two week high of C$101.63. The company has a debt-to-equity ratio of 18.65, a quick ratio of 0.98 and a current ratio of 1.34. The company has a market capitalization of C$47.44 billion, a P/E ratio of 10.07, a P/E/G ratio of 0.21 and a beta of 1.83. The company has a fifty day moving average of C$94.12 and a 200 day moving average of C$86.06.

Imperial Oil (TSE:IMOGet Free Report) (NYSEMKT:IMO) last announced its quarterly earnings data on Friday, April 26th. The company reported C$2.23 EPS for the quarter, beating the consensus estimate of C$2.00 by C$0.23. Imperial Oil had a return on equity of 20.78% and a net margin of 9.50%. The business had revenue of C$12.28 billion for the quarter, compared to the consensus estimate of C$15.74 billion. On average, sell-side analysts anticipate that Imperial Oil will post 9.6175299 earnings per share for the current fiscal year.

Imperial Oil Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Monday, July 1st will be paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 2.71%. The ex-dividend date is Monday, June 3rd. Imperial Oil’s payout ratio is 27.30%.

About Imperial Oil

(Get Free Report)

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.

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Analyst Recommendations for Imperial Oil (TSE:IMO)

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