Imperial Oil (TSE:IMO) PT Raised to C$92.00 at Desjardins

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) had its target price boosted by Desjardins from C$88.00 to C$92.00 in a research report issued on Tuesday, BayStreet.CA reports. The brokerage currently has a “hold” rating on the stock. Desjardins’ price objective suggests a potential downside of 5.07% from the company’s current price.

Several other brokerages have also recently issued reports on IMO. National Bankshares increased their target price on shares of Imperial Oil from C$90.00 to C$120.00 and gave the stock a “sector perform” rating in a report on Friday, April 19th. JPMorgan Chase & Co. decreased their price target on shares of Imperial Oil from C$97.00 to C$94.00 in a research report on Monday, February 12th. CIBC increased their price target on shares of Imperial Oil from C$90.00 to C$105.00 and gave the company a “neutral” rating in a research report on Monday. ATB Capital increased their price target on shares of Imperial Oil from C$85.00 to C$90.00 and gave the company a “sector perform” rating in a research report on Wednesday, March 20th. Finally, TD Securities lowered shares of Imperial Oil from a “buy” rating to a “hold” rating and increased their price target for the company from C$87.00 to C$88.00 in a research report on Thursday, February 29th. Nine research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, Imperial Oil currently has an average rating of “Hold” and a consensus price target of C$95.69.

Imperial Oil Trading Up 0.4 %

TSE IMO opened at C$96.91 on Tuesday. The company’s 50-day moving average price is C$90.94 and its 200-day moving average price is C$82.35. The company has a current ratio of 1.26, a quick ratio of 0.98 and a debt-to-equity ratio of 19.49. The stock has a market cap of C$51.93 billion, a PE ratio of 11.41, a PEG ratio of 0.21 and a beta of 1.84. Imperial Oil has a 12 month low of C$60.19 and a 12 month high of C$101.63.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last issued its earnings results on Friday, February 2nd. The company reported C$2.47 earnings per share (EPS) for the quarter, topping the consensus estimate of C$2.08 by C$0.39. Imperial Oil had a net margin of 9.64% and a return on equity of 21.91%. The company had revenue of C$13.11 billion for the quarter, compared to analysts’ expectations of C$16.57 billion. Equities research analysts forecast that Imperial Oil will post 8.4369527 earnings per share for the current year.

About Imperial Oil

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.