FY2024 EPS Estimates for Imperial Oil Increased by Analyst

Imperial Oil Limited (TSE:IMO) (NYSEMKT:IMO) – Investment analysts at Zacks Research boosted their FY2024 earnings per share (EPS) estimates for shares of Imperial Oil in a research report issued on Thursday, November 21st. Zacks Research analyst R. Department now anticipates that the company will post earnings of $8.40 per share for the year, up from their prior forecast of $8.27. The consensus estimate for Imperial Oil’s current full-year earnings is $8.62 per share. Zacks Research also issued estimates for Imperial Oil’s Q4 2024 earnings at $1.73 EPS, Q2 2026 earnings at $2.06 EPS, Q3 2026 earnings at $1.47 EPS and FY2026 earnings at $8.10 EPS.

Several other research firms have also issued reports on IMO. National Bankshares lowered their target price on shares of Imperial Oil from C$115.00 to C$112.00 in a report on Friday, September 27th. Scotiabank cut Imperial Oil from an “outperform” rating to a “sector perform” rating and set a C$110.00 target price on the stock. in a research report on Wednesday, September 25th. Raymond James boosted their target price on shares of Imperial Oil from C$99.00 to C$101.50 in a research report on Monday, November 4th. JPMorgan Chase & Co. lifted their price target on shares of Imperial Oil from C$97.00 to C$100.00 in a research note on Wednesday, November 13th. Finally, TD Securities lifted their target price on Imperial Oil from C$92.00 to C$93.00 and gave the company a “hold” rating in a research report on Tuesday, November 5th. Nine investment analysts have rated the stock with a hold rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of C$101.23.

Imperial Oil Stock Performance

TSE:IMO opened at C$103.68 on Monday. The firm’s fifty day simple moving average is C$101.84 and its 200 day simple moving average is C$97.70. The company has a quick ratio of 0.98, a current ratio of 1.40 and a debt-to-equity ratio of 18.27. The stock has a market cap of C$55.56 billion, a P/E ratio of 10.87, a price-to-earnings-growth 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.

Imperial Oil Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 1st. Shareholders of record on Tuesday, December 3rd will be paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 2.31%. The ex-dividend date of this dividend is Tuesday, December 3rd. Imperial Oil’s dividend payout ratio (DPR) is presently 25.16%.

About Imperial Oil

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.