National Bank Financial Weighs in on Imperial Oil Ltd’s FY2020 Earnings (TSE:IMO)

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Imperial Oil Ltd (TSE:IMO) (NYSEMKT:IMO) – National Bank Financial raised their FY2020 earnings estimates for shares of Imperial Oil in a report issued on Wednesday, November 6th. National Bank Financial analyst T. Wood now anticipates that the company will earn $1.90 per share for the year, up from their prior forecast of $1.80. National Bank Financial has a “Sector Perform” rating and a $41.00 price objective on the stock.

A number of other equities analysts have also recently commented on the company. JPMorgan Chase & Co. reduced their target price on Imperial Oil from C$39.00 to C$38.00 in a report on Wednesday, September 11th. Raymond James set a C$31.00 target price on Imperial Oil and gave the company an “underperform” rating in a report on Wednesday. Royal Bank of Canada cut their price target on Imperial Oil from C$39.00 to C$37.00 in a report on Friday, October 18th. Morgan Stanley cut their price target on Imperial Oil from C$39.00 to C$38.00 in a report on Wednesday, October 23rd. Finally, Citigroup cut their price target on Imperial Oil from C$36.00 to C$30.00 in a report on Tuesday, October 8th. One analyst has rated the stock with a sell rating and seven have assigned a hold rating to the stock. The company presently has an average rating of “Hold” and an average price target of C$37.85.

Shares of Imperial Oil stock opened at C$33.67 on Monday. The business has a 50 day simple moving average of C$33.47 and a two-hundred day simple moving average of C$35.23. Imperial Oil has a 12 month low of C$31.51 and a 12 month high of C$42.51. The stock has a market capitalization of $25.78 billion and a P/E ratio of 9.36. The company has a debt-to-equity ratio of 21.84, a current ratio of 1.44 and a quick ratio of 1.00.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 1st. Investors of record on Tuesday, December 3rd will be issued a $0.22 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.88 annualized dividend and a dividend yield of 2.61%. Imperial Oil’s dividend payout ratio is presently 22.80%.

Imperial Oil Company Profile

Imperial Oil Limited explores for, produces, and sells crude oil and natural gas in Canada. It operates through three segments: Upstream, Downstream, and Chemical. The Upstream segment explores for and produces crude oil, natural gas, synthetic oil, and bitumen. As of December 31, 2018, this segment had 404 million oil-equivalent barrels of proved undeveloped reserves.

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