Imperial Oil (TSE:IMO) Price Target Increased to C$99.00 by Analysts at Raymond James

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) had its target price lifted by Raymond James from C$97.00 to C$99.00 in a research note published on Tuesday morning, BayStreet.CA reports.

Other equities research analysts also recently issued research reports about the stock. JPMorgan Chase & Co. increased their target price on shares of Imperial Oil from C$94.00 to C$97.00 and gave the stock a neutral rating in a report on Tuesday, October 8th. Royal Bank of Canada dropped their price objective on Imperial Oil from C$108.00 to C$99.00 in a research note on Tuesday, September 17th. Wolfe Research raised Imperial Oil to a strong-buy rating in a research note on Thursday, July 18th. BMO Capital Markets increased their price target on Imperial Oil from C$115.00 to C$120.00 in a report on Friday, October 4th. Finally, Scotiabank cut Imperial Oil from an outperform rating to a sector perform rating and set a C$110.00 price objective on the stock. in a report on Wednesday, September 25th. Ten research analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Imperial Oil has an average rating of Hold and a consensus price target of C$99.25.

Imperial Oil Stock Down 3.9 %

Shares of TSE IMO opened at C$103.67 on Tuesday. Imperial Oil has a 1 year low of C$72.03 and a 1 year high of C$108.89. The firm has a market capitalization of C$55.55 billion, a PE ratio of 10.87, a price-to-earnings-growth ratio of 0.21 and a beta of 1.80. The company has a current ratio of 1.40, a quick ratio of 0.98 and a debt-to-equity ratio of 18.27. The firm’s 50-day moving average is C$98.73 and its 200-day moving average is C$96.02.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last posted its earnings results on Friday, August 2nd. The company reported C$2.11 earnings per share (EPS) for the quarter, topping the consensus estimate of C$1.94 by C$0.17. The company had revenue of C$13.38 billion during the quarter, compared to analyst estimates of C$14.30 billion. Imperial Oil had a return on equity of 22.17% and a net margin of 10.09%. Equities analysts expect that Imperial Oil will post 7.6458814 EPS for the current year.

Imperial Oil Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Tuesday, October 1st were issued a $0.60 dividend. The ex-dividend date was Wednesday, September 4th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.32%. Imperial Oil’s dividend payout ratio (DPR) is presently 25.16%.

Imperial Oil Company Profile

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.