Brokerages Set Imperial Oil Limited (TSE:IMO) Target Price at C$99.25

Shares of Imperial Oil Limited (TSE:IMO) (NYSEMKT:IMO) have earned a consensus recommendation of “Hold” from the eleven ratings firms that are covering the company, MarketBeat Ratings reports. Ten analysts have rated the stock with a hold recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is C$99.25.

A number of equities research analysts have recently commented on the company. BMO Capital Markets raised their target price on Imperial Oil from C$115.00 to C$120.00 in a research report on Friday, October 4th. Wolfe Research raised Imperial Oil to a “strong-buy” rating in a report on Thursday, July 18th. Royal Bank of Canada reduced their target price on Imperial Oil from C$108.00 to C$99.00 in a research note on Tuesday, September 17th. Raymond James lifted their price target on shares of Imperial Oil from C$97.00 to C$99.00 in a research note on Tuesday, October 15th. Finally, TD Securities upped their price objective on shares of Imperial Oil from C$91.00 to C$92.00 and gave the stock a “hold” rating in a research report on Thursday, August 8th.

Imperial Oil Price Performance

Shares of TSE IMO opened at C$104.33 on Tuesday. 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 stock has a market capitalization of C$55.90 billion, a price-to-earnings ratio of 10.94, a PEG ratio of 0.21 and a beta of 1.78. The firm’s 50 day simple moving average is C$99.89 and its 200-day simple moving average is C$96.48. Imperial Oil has a 12 month low of C$72.03 and a 12 month high of C$108.89.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last announced its quarterly earnings results on Friday, August 2nd. The company reported C$2.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 firm had revenue of C$13.38 billion for the quarter, compared to the consensus estimate of C$14.30 billion. Analysts expect that Imperial Oil will post 8.6164609 EPS for the current year.

Imperial Oil Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Tuesday, October 1st were paid a dividend of $0.60 per share. The ex-dividend date was Wednesday, September 4th. This represents a $2.40 annualized dividend and a yield of 2.30%. Imperial Oil’s dividend payout ratio is presently 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.