Canaccord Genuity Increases Imperial Oil (TSE:IMO) Price Target to C$40.00

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Imperial Oil (TSE:IMO) (NYSEMKT:IMO) had its price target boosted by Canaccord Genuity from C$39.00 to C$40.00 in a research note published on Tuesday, BayStreet.CA reports.

Other equities research analysts have also recently issued reports about the stock. Raymond James reiterated an underperform rating and issued a C$31.00 target price on shares of Imperial Oil in a research report on Wednesday, November 13th. JPMorgan Chase & Co. reduced their target price on shares of Imperial Oil from C$38.00 to C$37.00 in a research report on Monday, December 9th. Scotiabank reduced their target price on shares of Imperial Oil from C$37.00 to C$36.00 in a research report on Tuesday. AltaCorp Capital upgraded shares of Imperial Oil from an underperform rating to a sector perform rating in a research report on Sunday, October 6th. Finally, Royal Bank of Canada reduced their target price on shares of Imperial Oil from C$39.00 to C$37.00 in a research report on Friday, October 18th. One equities research analyst has rated the stock with a sell rating and seven have given a hold rating to the stock. Imperial Oil presently has a consensus rating of Hold and a consensus target price of C$37.31.

TSE:IMO opened at C$35.04 on Tuesday. 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 company has a fifty day moving average of C$33.97 and a two-hundred day moving average of C$34.17. The stock has a market capitalization of $26.40 billion and a PE ratio of 9.74. Imperial Oil has a fifty-two week low of C$31.51 and a fifty-two week high of C$40.59.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last posted its quarterly earnings data on Friday, November 1st. The company reported C$0.56 earnings per share for the quarter, missing the Zacks’ consensus estimate of C$0.58 by C($0.02). The business had revenue of C$8.74 billion for the quarter, compared to the consensus estimate of C$8.91 billion. Research analysts forecast that Imperial Oil will post 2.4100001 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 1st. Stockholders of record on Tuesday, December 3rd were given a dividend of $0.22 per share. The ex-dividend date was Monday, December 2nd. This represents a $0.88 annualized dividend and a dividend yield of 2.51%. Imperial Oil’s dividend payout ratio is presently 22.80%.

About Imperial Oil

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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Analyst Recommendations for Imperial Oil (TSE:IMO)

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