Imperial Oil Ltd (TSE:IMO) Receives Average Rating of “Hold” from Brokerages

Posted by Anthony Sawyer on Dec 13th, 2019

Shares of Imperial Oil Ltd (TSE:IMO) (NYSEMKT:IMO) have received an average rating of “Hold” from the fourteen ratings firms that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating and four have given a hold rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is C$37.69.

A number of equities research analysts have recently weighed in on IMO shares. Goldman Sachs Group dropped their price target on Imperial Oil from C$39.00 to C$37.00 in a research note on Tuesday, October 22nd. AltaCorp Capital upgraded Imperial Oil from an “underperform” rating to a “sector perform” rating in a research note on Sunday, October 6th. Raymond James restated an “underperform” rating and set a C$31.00 price target on shares of Imperial Oil in a research note on Wednesday, November 13th. CSFB dropped their price target on Imperial Oil from C$38.00 to C$37.00 in a research note on Friday, November 22nd. Finally, Morgan Stanley dropped their price target on Imperial Oil from C$39.00 to C$38.00 in a research note on Wednesday, October 23rd.

Shares of IMO stock opened at C$33.47 on Friday. Imperial Oil has a fifty-two week low of C$31.51 and a fifty-two week high of C$40.59. The firm has a market capitalization of $25.47 billion and a price-to-earnings ratio of 9.30. The company has a debt-to-equity ratio of 21.91, a quick ratio of 1.07 and a current ratio of 1.45. The stock’s 50-day simple moving average is C$33.49 and its 200-day simple moving average is C$34.53.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 1st. Investors of record on Tuesday, December 3rd will be given a $0.22 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.88 dividend on an annualized basis and a yield of 2.63%. Imperial Oil’s dividend payout ratio is currently 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.

Imperial Oil Ltd (TSE:IMO) Receives Average Rating of “Hold” from Brokerages

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