Imperial Oil (TSE:IMO) Stock Gets Price Target Bump from National Bank Financial

by · The Markets Daily

Imperial Oil (TSE:IMO – Get Free Report) (NYSEMKT:IMO) had its price objective upped by equities research analysts at National Bank Financial from C$207.00 to C$213.00 in a research note issued to investors on Tuesday, BayStreet reports. The firm presently has a “sector perform” rating on the stock. National Bank Financial’s target price would indicate a potential upside of 12.59% from the company’s current price.

Several other research analysts also recently weighed in on the stock. JPMorgan Chase & Co. lifted their target price on shares of Imperial Oil from C$149.00 to C$158.00 in a research report on Tuesday, July 14th. Raymond James Financial upped their price target on shares of Imperial Oil from C$130.00 to C$140.00 and gave the company an “underperform” rating in a research report on Wednesday, September 16th. TD upped their price target on shares of Imperial Oil from C$150.00 to C$151.00 and gave the company a “sell” rating in a research report on Wednesday, August 5th. UBS Group raised their price objective on shares of Imperial Oil from C$195.00 to C$205.00 in a research note on Monday, September 14th. Finally, Scotia decreased their price objective on shares of Imperial Oil from C$159.00 to C$156.00 and set a “sector perform” rating for the company in a research note on Wednesday, August 5th. Five equities research analysts have rated the stock with a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Imperial Oil has an average rating of “Reduce” and a consensus target price of C$150.82.

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Imperial Oil Trading Down 0.9%

TSE IMO traded down C$1.65 on Tuesday, hitting C$189.18. 646,621 shares of the company were exchanged, compared to its average volume of 827,362. The company’s 50 day moving average price is C$181.29 and its 200-day moving average price is C$176.08. The company has a debt-to-equity ratio of 17.11, a current ratio of 1.38 and a quick ratio of 0.98. The firm has a market capitalization of C$91.49 billion, a P/E ratio of 22.10, a price-to-earnings-growth ratio of 0.21 and a beta of 0.62. Imperial Oil has a twelve month low of C$114.75 and a twelve month high of C$192.40.

Imperial Oil (TSE:IMO – Get Free Report) (NYSEMKT:IMO) last posted its quarterly earnings data on Friday, July 31st. The company reported C$4.52 EPS for the quarter. Imperial Oil had a net margin of 7.81% and a return on equity of 18.76%. The company had revenue of C$15.98 billion during the quarter. Analysts predict that Imperial Oil will post 8.62 earnings per share 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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