Imperial Oil (IMO) to Release Earnings on Friday

Imperial Oil (NYSEAMERICAN:IMOGet Free Report) (TSE:IMO) is expected to be issuing its quarterly earnings data before the market opens on Friday, January 31st. Analysts expect the company to announce earnings of $1.36 per share and revenue of $11.18 billion for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Imperial Oil Stock Down 0.3 %

Shares of NYSEAMERICAN:IMO opened at $70.18 on Thursday. The stock has a market capitalization of $35.73 billion, a PE ratio of 10.46 and a beta of 1.45. Imperial Oil has a 52-week low of $55.82 and a 52-week high of $80.17. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.23 and a current ratio of 1.44.

Imperial Oil Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 1st. Stockholders of record on Tuesday, December 3rd were given a $0.4304 dividend. This represents a $1.72 annualized dividend and a dividend yield of 2.45%. The ex-dividend date of this dividend was Tuesday, December 3rd. Imperial Oil’s dividend payout ratio is currently 25.34%.

Analysts Set New Price Targets

A number of research firms recently weighed in on IMO. JPMorgan Chase & Co. downgraded Imperial Oil from a “neutral” rating to an “underweight” rating in a research report on Thursday, December 19th. Wolfe Research downgraded Imperial Oil from an “outperform” rating to a “peer perform” rating in a research report on Friday, January 3rd. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $109.00.

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About Imperial Oil

(Get Free Report)

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.

See Also

Earnings History for Imperial Oil (NYSEAMERICAN:IMO)

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