Imperial Oil (TSE:IMO) Share Price Passes Above Two Hundred Day Moving Average of $95.02

Imperial Oil Limited (TSE:IMO) (NYSEMKT:IMO) shares passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$95.02 and traded as high as C$97.15. Imperial Oil shares last traded at C$95.92, with a volume of 697,119 shares changing hands.

Wall Street Analysts Forecast Growth

A number of analysts have commented on IMO shares. 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 report on Wednesday, May 29th. TD Securities boosted their target price on Imperial Oil from C$91.00 to C$92.00 and gave the stock a “hold” rating in a report on Thursday, August 8th. Desjardins increased their price target on Imperial Oil from C$92.00 to C$101.00 and gave the company a “hold” rating in a research note on Tuesday, July 23rd. Scotiabank dropped their price objective on Imperial Oil from C$111.00 to C$110.00 in a research note on Friday, July 12th. Finally, Wolfe Research raised Imperial Oil to a “strong-buy” rating in a research note on Thursday, July 18th. Nine analysts have rated the stock with a hold rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Imperial Oil has an average rating of “Hold” and an average target price of C$99.69.

Imperial Oil Stock Performance

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 firm has a market capitalization of C$51.40 billion, a PE ratio of 10.05, a P/E/G ratio of 0.21 and a beta of 1.80. The firm has a fifty day moving average price of C$97.38 and a 200 day moving average price of C$95.02.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last announced its earnings results on Friday, August 2nd. The company reported C$2.11 EPS for the quarter, topping the consensus estimate of C$1.94 by C$0.17. Imperial Oil had a net margin of 10.09% and a return on equity of 22.17%. The company had revenue of C$13.38 billion during the quarter, compared to analysts’ expectations of C$14.30 billion. Research analysts anticipate that Imperial Oil Limited will post 8.0042992 earnings per share for the current fiscal year.

Imperial Oil Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Tuesday, October 1st will be paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 2.50%. The ex-dividend date is Wednesday, September 4th. Imperial Oil’s dividend payout ratio (DPR) is currently 25.16%.

About Imperial Oil

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.