Imperial Oil (TSE:IMO – Get Free Report) (NYSEMKT:IMO) had its price objective cut by National Bankshares from C$115.00 to C$112.00 in a report issued on Friday, BayStreet.CA reports. National Bankshares’ price target would indicate a potential upside of 18.16% from the company’s previous close.
A number of other research analysts have also weighed in on IMO. Royal Bank of Canada reduced their target price on Imperial Oil from C$108.00 to C$99.00 in a report on Tuesday, September 17th. TD Securities upped their target price on shares of Imperial Oil from C$91.00 to C$92.00 and gave the stock a “hold” rating in a report on Thursday, August 8th. Scotiabank downgraded 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. Wolfe Research upgraded shares of Imperial Oil to a “strong-buy” rating in a research report on Thursday, July 18th. Finally, Desjardins increased their price objective on Imperial Oil from C$92.00 to C$101.00 and gave the stock a “hold” rating in a research report on Tuesday, July 23rd. Ten research analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of C$99.08.
Read Our Latest Research Report on Imperial Oil
Imperial Oil Stock Performance
Imperial Oil (TSE:IMO – Get Free Report) (NYSEMKT:IMO) last posted its earnings results on Friday, August 2nd. The company reported C$2.11 earnings per share (EPS) 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 the consensus estimate of C$14.30 billion. Imperial Oil had a return on equity of 22.17% and a net margin of 10.09%. On average, research analysts forecast that Imperial Oil will post 8.0042992 EPS for the current fiscal year.
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.
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