Imperial Oil (TSE:IMO) PT Lowered to C$112.00 at National Bankshares

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) had its price objective lowered by National Bankshares from C$115.00 to C$112.00 in a research report sent to investors on Friday morning, BayStreet.CA reports.

A number of other analysts also recently issued reports on IMO. Royal Bank of Canada lowered their price target on shares of Imperial Oil from C$108.00 to C$99.00 in a report on Tuesday, September 17th. TD Securities upped their price objective on shares of Imperial Oil from C$91.00 to C$92.00 and gave the company a hold rating in a research note on Thursday, August 8th. Wolfe Research upgraded Imperial Oil to a strong-buy rating in a research report on Thursday, July 18th. Desjardins increased their price target on shares of Imperial Oil from C$92.00 to C$101.00 and gave the company a hold rating in a research note on Tuesday, July 23rd. Finally, Scotiabank cut Imperial Oil from an outperform rating to a sector perform rating and set a C$110.00 price target for the company. in a report on Wednesday, September 25th. Ten analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of Hold and an average target price of C$99.08.

Imperial Oil Trading Up 2.3 %

TSE:IMO opened at C$94.82 on Friday. The firm has a 50-day simple moving average of C$97.25 and a 200-day simple moving average of C$95.15. The company has a debt-to-equity ratio of 18.27, a quick ratio of 0.98 and a current ratio of 1.40. The firm has a market cap of C$50.81 billion, a P/E ratio of 9.94, a P/E/G ratio of 0.21 and a beta of 1.80. Imperial Oil has a one year low of C$72.03 and a one year high of C$106.09.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last announced its quarterly earnings data on Friday, August 2nd. The company reported C$2.11 EPS for the quarter, beating the consensus estimate of C$1.94 by C$0.17. The firm had revenue of C$13.38 billion during the quarter, compared to analyst estimates of C$14.30 billion. Imperial Oil had a net margin of 10.09% and a return on equity of 22.17%. Equities analysts anticipate that Imperial Oil will post 8.0042992 EPS for the current fiscal year.

Imperial Oil Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Tuesday, October 1st will be issued a dividend of $0.60 per share. The ex-dividend date is Wednesday, September 4th. This represents a $2.40 annualized dividend and a dividend yield of 2.53%. Imperial Oil’s payout ratio is 25.16%.

Imperial Oil Company Profile

Imperial Oil Limited engages in exploration, production, and sale of crude oil and natural gas in Canada. The company operates through three segments: Upstream, Downstream and Chemical segments. The Upstream segment explores and produces crude oil, natural gas, synthetic crude oil, and bitumen. The Downstream segment transports and refines crude oil, blends refined products, and distributes and markets of refined products.