Imperial Oil (TSE:IMO) Price Target Raised to C$99.00 at Raymond James

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) had its price objective hoisted by Raymond James from C$97.00 to C$99.00 in a research note issued to investors on Tuesday, BayStreet.CA reports. Raymond James’ price objective indicates a potential downside of 5.54% from the company’s previous close.

Several other research analysts have also recently weighed in on the company. JPMorgan Chase & Co. upped their price objective on Imperial Oil from C$94.00 to C$97.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 8th. National Bankshares reduced their price target on Imperial Oil from C$115.00 to C$112.00 in a research report on Friday, September 27th. Desjardins raised their price target on shares of Imperial Oil from C$92.00 to C$101.00 and gave the stock a “hold” rating in a research note on Tuesday, July 23rd. Royal Bank of Canada cut their price objective on shares of Imperial Oil from C$108.00 to C$99.00 in a research report on Tuesday, September 17th. Finally, TD Securities increased 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. Ten equities research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of C$99.25.

Imperial Oil Stock Performance

Shares of IMO opened at C$104.81 on Tuesday. The firm has a market cap of C$56.16 billion, a P/E ratio of 10.99, a PEG ratio of 0.21 and a beta of 1.78. Imperial Oil has a twelve month low of C$72.03 and a twelve month high of C$108.89. The company has a debt-to-equity ratio of 18.27, a quick ratio of 0.98 and a current ratio of 1.40. The firm’s 50 day moving average price is C$98.94 and its two-hundred day moving average price is C$96.10.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last posted its quarterly earnings data on Friday, August 2nd. The company reported C$2.11 EPS for the quarter, beating the consensus estimate of C$1.94 by C$0.17. The business had revenue of C$13.38 billion for 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%. On average, analysts forecast that Imperial Oil will post 8.6164609 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.