Imperial Oil (NYSEMKT: IMO) recently received a number of ratings updates from brokerages and research firms:
- 7/12/2017 - Imperial Oil was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Imperial Oil is Canada’s largest integrated petroleum company. Its operations, conducted under the Esso banner, are concentrated in the exploration and production of oil and natural gas, refining and marketing petroleum products, and in the manufacture and sale of petrochemicals. The company has approximately 7,500 employees in two operating divisions. “
- 7/11/2017 - Imperial Oil was upgraded by analysts at Barclays PLC from an “equal weight” rating to an “overweight” rating.
- 7/5/2017 - Imperial Oil was downgraded by analysts at Raymond James Financial, Inc. from an “outperform” rating to a “market perform” rating.
- 7/5/2017 - Imperial Oil was downgraded by analysts at UBS AG from an “outperform” rating to a “market perform” rating.
- 6/27/2017 - Imperial Oil is now covered by analysts at National Bank Financial. They set a “sector perform” rating on the stock.
- 6/19/2017 - Imperial Oil was upgraded by analysts at Zacks Investment Research from a “strong sell” rating to a “hold” rating. According to Zacks, “Imperial Oil is Canada’s largest integrated petroleum company. Its operations, conducted under the Esso banner, are concentrated in the exploration and production of oil and natural gas, refining and marketing petroleum products, and in the manufacture and sale of petrochemicals. The company has approximately 7,500 employees in two operating divisions. “
- 6/13/2017 - Imperial Oil was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
- 5/23/2017 - Imperial Oil was downgraded by analysts at CIBC from a “sector outperform” rating to a “sector perform” rating.
Shares of Imperial Oil Ltd (NYSEMKT:IMO) traded down 0.10% during trading on Tuesday, reaching $29.11. The company’s stock had a trading volume of 57,876 shares. The company has a market cap of $24.67 billion, a PE ratio of 12.37 and a beta of 1.14. Imperial Oil Ltd has a 52-week low of $27.59 and a 52-week high of $36.85. The firm’s 50-day moving average is $28.83 and its 200 day moving average is $31.26.
Imperial Oil (NYSEMKT:IMO) (TSE:IMO) last released its earnings results on Friday, April 28th. The energy company reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.43 by $0.13. Imperial Oil had a return on equity of 5.31% and a net margin of 4.76%. The business had revenue of $5.41 billion for the quarter, compared to the consensus estimate of $9.14 billion. During the same quarter in the previous year, the company earned ($0.12) earnings per share. On average, equities research analysts predict that Imperial Oil Ltd will post $1.40 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Saturday, July 1st. Shareholders of record on Friday, June 2nd were paid a dividend of $0.1185 per share. The ex-dividend date was Wednesday, May 31st. This is a boost from Imperial Oil’s previous quarterly dividend of $0.11. This represents a $0.47 annualized dividend and a yield of 1.63%. Imperial Oil’s dividend payout ratio is presently 170.37%.
Imperial Oil Limited is an integrated oil company. The Company is engaged in all the phases of the petroleum industry in Canada, including exploration for, and production and sale of, crude oil and natural gas. Its operations are conducted in three segments: Upstream, Downstream and Chemical. The Upstream operations include the exploration for, and production of, crude oil, natural gas, synthetic oil and bitumen.
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