JPMorgan Chase & Co. Issues Positive Forecast for Imperial Oil (TSE:IMO) Stock Price

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) had its target price increased by JPMorgan Chase & Co. from C$97.00 to C$100.00 in a research report released on Wednesday morning,BayStreet.CA reports.

A number of other research analysts also recently weighed in on the stock. Raymond James increased their target price on shares of Imperial Oil from C$99.00 to C$101.50 in a research report on Monday, November 4th. Scotiabank downgraded Imperial Oil from an “outperform” rating to a “sector perform” rating and set a C$110.00 target price for the company. in a research report on Wednesday, September 25th. National Bankshares dropped their price target on Imperial Oil from C$115.00 to C$112.00 in a research report on Friday, September 27th. Royal Bank of Canada increased their price target on Imperial Oil from C$99.00 to C$101.00 in a research note on Wednesday, November 6th. Finally, BMO Capital Markets boosted their price objective on Imperial Oil from C$115.00 to C$120.00 in a research note on Friday, October 4th. Nine analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of C$101.23.

Imperial Oil Price Performance

Shares of TSE:IMO opened at C$104.53 on Wednesday. The company has a market capitalization of C$56.01 billion, a P/E ratio of 10.96, a price-to-earnings-growth ratio of 0.21 and a beta of 1.78. The company’s 50-day moving average is C$99.68 and its 200 day moving average is C$97.06. The company has a debt-to-equity ratio of 18.27, a quick ratio of 0.98 and a current ratio of 1.40. Imperial Oil has a fifty-two week low of C$72.03 and a fifty-two week high of C$108.89.

Imperial Oil Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 1st. Stockholders of record on Tuesday, December 3rd will be issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.30%. The ex-dividend date is Tuesday, December 3rd. Imperial Oil’s payout ratio is 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.