Imperial Oil (TSE:IMO) Price Target Raised to C$107.00

by · The Cerbat Gem

Imperial Oil (TSE:IMO – Get Free Report) (NYSEMKT:IMO) had its price target increased by Raymond James Financial from C$106.00 to C$107.00 in a report issued on Monday,BayStreet.CA reports. The brokerage presently has an “underperform” rating on the stock. Raymond James Financial’s price target would suggest a potential downside of 23.36% from the stock’s previous close.

A number of other brokerages also recently weighed in on IMO. Royal Bank Of Canada dropped their price objective on Imperial Oil from C$118.00 to C$116.00 and set a “sector perform” rating on the stock in a research report on Tuesday, January 13th. JPMorgan Chase & Co. lifted their price objective on shares of Imperial Oil from C$101.00 to C$110.00 in a research report on Thursday, October 23rd. TD Securities reduced their price objective on shares of Imperial Oil from C$107.00 to C$106.00 in a research note on Tuesday, December 16th. National Bankshares raised their target price on shares of Imperial Oil from C$125.00 to C$127.00 and gave the company a “sector perform” rating in a research note on Friday, January 9th. Finally, Morgan Stanley lifted their price target on shares of Imperial Oil from C$97.00 to C$101.00 in a report on Thursday, November 20th. Six investment analysts have rated the stock with a Hold rating and six have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average price target of C$113.60.

Read Our Latest Analysis on Imperial Oil

Imperial Oil Stock Up 1.5%

Shares of IMO traded up C$2.04 during mid-day trading on Monday, hitting C$139.61. The company’s stock had a trading volume of 609,816 shares, compared to its average volume of 966,108. The company has a current ratio of 1.44, a quick ratio of 0.98 and a debt-to-equity ratio of 18.04. The company’s 50-day moving average is C$128.52 and its 200-day moving average is C$125.43. Imperial Oil has a 52-week low of C$82.98 and a 52-week high of C$144.20. The firm has a market capitalization of C$67.52 billion, a price-to-earnings ratio of 17.83, a PEG ratio of 0.21 and a beta of 0.89.

Imperial Oil (TSE:IMO – Get Free Report) (NYSEMKT:IMO) last issued its quarterly earnings data on Friday, January 30th. The company reported C$1.97 EPS for the quarter. Imperial Oil had a net margin of 10.00% and a return on equity of 21.23%. On average, equities research analysts forecast that Imperial Oil will post 8.6164609 EPS for the current fiscal year.

Imperial Oil Company Profile

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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. Imperial remains the largest refiner of petroleum products in Canada, operating three refineries with a combined processing capacity of 421 mboe/d.

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