Brokerages Set Imperial Oil Limited (TSE:IMO) PT at C$99.69

Imperial Oil Limited (TSE:IMO) (NYSEMKT:IMO) has been given an average recommendation of “Hold” by the eleven brokerages that are presently covering the firm, MarketBeat reports. Ten analysts have rated the stock with a hold rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is C$99.08.

A number of analysts have recently issued reports on IMO shares. Scotiabank downgraded Imperial Oil from an “outperform” rating to a “sector perform” rating and set a C$110.00 price target for the company. in a research report on Wednesday, September 25th. Wolfe Research raised Imperial Oil to a “strong-buy” rating in a report on Thursday, July 18th. National Bankshares reduced their price target on Imperial Oil from C$115.00 to C$112.00 in a research report on Friday. TD Securities lifted their price objective on Imperial Oil from C$91.00 to C$92.00 and gave the stock a “hold” rating in a research note on Thursday, August 8th. Finally, Royal Bank of Canada dropped their price objective on Imperial Oil from C$108.00 to C$99.00 in a report on Tuesday, September 17th.

Imperial Oil Stock Up 2.3 %

Imperial Oil stock opened at C$94.82 on Friday. The company has a debt-to-equity ratio of 18.27, a current ratio of 1.40 and a quick ratio of 0.98. Imperial Oil has a fifty-two week low of C$72.03 and a fifty-two week high of C$106.09. The company’s 50 day simple moving average is C$97.25 and its 200 day simple moving average is C$95.15. The firm has a market capitalization of C$50.81 billion, a price-to-earnings ratio of 9.94, a PEG ratio of 0.21 and a beta of 1.80.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last announced its earnings results on Friday, August 2nd. The company reported C$2.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$1.94 by C$0.17. The company had revenue of C$13.38 billion during 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%. As a group, sell-side analysts anticipate that Imperial Oil will post 8.0042992 EPS for the current year.

Imperial Oil Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Tuesday, October 1st will be given a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 2.53%. The ex-dividend date of this dividend is Wednesday, September 4th. Imperial Oil’s dividend payout ratio 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.