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.
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.
Featured Article: Why do commodities matter?
Receive News & Ratings for Imperial Oil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Imperial Oil and related companies with MarketBeat.com's FREE daily email newsletter.