Imperial Oil (TSE:IMO) Hits New 1-Year High – What’s Next?

by · The Markets Daily

Shares of Imperial Oil Limited (TSE:IMO – Get Free Report) (NYSEMKT:IMO) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$142.00 and last traded at C$140.39, with a volume of 294540 shares changing hands. The stock had previously closed at C$139.16.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. National Bankshares boosted 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. Desjardins boosted their price target on Imperial Oil from C$114.00 to C$120.00 and gave the stock a “sell” rating in a research report on Monday, November 24th. TD Securities reduced their price target on shares of Imperial Oil from C$107.00 to C$106.00 in a research note on Tuesday, December 16th. Morgan Stanley raised their price objective on shares of Imperial Oil from C$97.00 to C$101.00 in a research note on Thursday, November 20th. Finally, BMO Capital Markets cut Imperial Oil from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from C$132.00 to C$129.00 in a report on Monday, December 15th. Six research analysts have rated the stock with a Hold rating and six have given a Sell rating to the stock. According to MarketBeat, Imperial Oil has a consensus rating of “Reduce” and an average target price of C$113.90.

Read Our Latest Analysis on Imperial Oil

Imperial Oil Stock Up 1.7%

The company has a debt-to-equity ratio of 18.04, a current ratio of 1.44 and a quick ratio of 0.98. The stock has a market capitalization of C$70.87 billion, a P/E ratio of 18.22, a PEG ratio of 0.21 and a beta of 0.89. The stock’s fifty day moving average is C$128.51 and its two-hundred day moving average is C$125.08.

Imperial Oil (TSE:IMO – Get Free Report) (NYSEMKT:IMO) last announced its quarterly earnings data on Friday, October 31st. The company reported C$2.17 EPS for the quarter. The company had revenue of C$11.99 billion during the quarter. Imperial Oil had a return on equity of 21.23% and a net margin of 10.00%. As a group, research analysts predict that Imperial Oil Limited will post 8.6164609 earnings per share for the current fiscal year.

Imperial Oil Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 1st. Investors of record on Thursday, January 1st were given a $0.72 dividend. The ex-dividend date was Wednesday, December 3rd. This represents a $2.88 dividend on an annualized basis and a dividend yield of 2.0%. Imperial Oil’s dividend payout ratio (DPR) is 35.25%.

About Imperial Oil

(Get Free Report)

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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