Imperial Oil Ltd (IMO) Given Average Recommendation of “Hold” by Brokerages

Shares of Imperial Oil Ltd (TSE:IMO) (NYSEMKT:IMO) have been given a consensus rating of “Hold” by the twelve analysts that are presently covering the company, reports. Four equities research analysts have rated the stock with a sell recommendation and eight have issued a hold recommendation on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is C$41.40.

A number of equities analysts recently issued reports on IMO shares. TD Securities upped their price target on Imperial Oil from C$42.00 to C$43.00 and gave the company a “hold” rating in a report on Thursday, November 2nd. Eight Capital set a C$39.00 price target on Imperial Oil and gave the company a “sell” rating in a report on Thursday, January 11th. National Bank Financial upped their price target on Imperial Oil from C$39.00 to C$41.00 and gave the company a “sector perform” rating in a report on Tuesday, January 9th. Royal Bank of Canada raised Imperial Oil from an “underperform” rating to a “sector perform” rating and upped their price target for the company from C$40.00 to C$41.00 in a report on Wednesday, January 31st. Finally, Barclays lowered their price target on Imperial Oil from C$44.00 to C$38.00 and set an “underweight” rating for the company in a report on Thursday, November 2nd.

In other news, Director David Wallace Cornhill acquired 5,500 shares of the firm’s stock in a transaction dated Wednesday, December 6th. The stock was acquired at an average cost of C$39.78 per share, with a total value of C$218,790.00.

Shares of Imperial Oil (TSE:IMO) traded up C$0.09 on Tuesday, reaching C$35.20. The company had a trading volume of 1,475,300 shares, compared to its average volume of 821,528. The firm has a market capitalization of $29,260.00, a P/E ratio of 60.69 and a beta of 0.47. Imperial Oil has a 52-week low of C$34.74 and a 52-week high of C$43.22.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last announced its quarterly earnings results on Friday, February 2nd. The company reported C$0.52 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of C$0.64 by C($0.12). The business had revenue of C$8.08 billion during the quarter, compared to analyst estimates of C$7.19 billion. Imperial Oil had a net margin of 5.19% and a return on equity of 5.95%.

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, April 1st. Stockholders of record on Friday, March 2nd will be issued a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 1.82%. The ex-dividend date is Thursday, March 1st. Imperial Oil’s payout ratio is currently 106.90%.

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About Imperial Oil

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.

Analyst Recommendations for Imperial Oil (TSE:IMO)

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