Imperial Oil Limited (TSE:IMO – Free Report) (NYSEMKT:IMO) – Equities researchers at Zacks Research boosted their FY2024 earnings per share (EPS) estimates for Imperial Oil in a research report issued on Thursday, January 23rd. Zacks Research analyst R. Department now expects that the company will post earnings of $8.47 per share for the year, up from their previous forecast of $8.44. 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 $1.80 EPS, Q2 2025 earnings at $1.39 EPS, Q4 2025 earnings at $1.74 EPS, Q3 2026 earnings at $1.49 EPS and FY2026 earnings at $7.92 EPS.
Other research analysts also recently issued research reports about the company. JPMorgan Chase & Co. lifted their price objective on Imperial Oil from C$97.00 to C$100.00 in a report on Wednesday, November 13th. BMO Capital Markets lifted their target price on shares of Imperial Oil from C$115.00 to C$120.00 in a research note on Friday, October 4th. Wolfe Research cut Imperial Oil from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 3rd. Raymond James upped their price target on Imperial Oil from C$101.50 to C$104.00 in a research note on Friday, December 13th. Finally, Royal Bank of Canada raised their price objective on shares of Imperial Oil from C$99.00 to C$101.00 in a research note on Wednesday, November 6th. Ten analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, Imperial Oil presently has a consensus rating of “Hold” and a consensus target price of C$104.20.
Imperial Oil Trading Down 2.3 %
IMO stock opened at C$100.75 on Friday. 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 company has a market capitalization of C$53.99 billion, a PE ratio of 10.56, a price-to-earnings-growth ratio of 0.21 and a beta of 1.78. The company’s 50 day moving average price is C$97.82 and its two-hundred day moving average price is C$98.70. Imperial Oil has a one year low of C$75.33 and a one year high of C$108.89.
Imperial Oil (TSE:IMO – Get Free Report) (NYSEMKT:IMO) last released its earnings results on Friday, November 1st. The company reported C$2.33 EPS for the quarter, beating analysts’ consensus estimates of C$2.02 by C$0.31. Imperial Oil had a return on equity of 22.17% and a net margin of 10.09%. During the same period in the previous year, the firm earned $2.76 EPS.
Imperial Oil Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 1st. Investors of record on Wednesday, January 1st were given a dividend of $0.60 per share. The ex-dividend date of this dividend was Tuesday, December 3rd. This represents a $2.40 annualized dividend and a yield of 2.38%. Imperial Oil’s dividend payout ratio (DPR) is 25.16%.
Insider Activity
In other news, Director Bradley William Corson acquired 4,800 shares of the firm’s stock in a transaction dated Thursday, December 12th. The shares were purchased at an average cost of C$97.44 per share, for a total transaction of C$467,713.92. Insiders own 71.26% of the company’s stock.
Imperial Oil Company Profile
Imperial Oil is one of Canada’s largest integrated oil companies, focusing on upstream operations, petroleum refining operations, and the marketing of petroleum products. Production averaged 398 thousand barrels of oil equivalent per day in 2020. The company estimates that it holds 5.2 billion boe of proved and probable crude oil and natural gas reserves.
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