Imperial Oil (TSE:IMO) Price Target Raised to C$93.00 at TD Securities

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) had its target price upped by equities researchers at TD Securities from C$92.00 to C$93.00 in a report released on Tuesday, BayStreet.CA reports. The firm presently has a “hold” rating on the stock. TD Securities’ price target points to a potential downside of 4.69% from the stock’s current price.

Several other research analysts also recently weighed in on the company. National Bankshares cut their price target on Imperial Oil from C$115.00 to C$112.00 in a report on Friday, September 27th. BMO Capital Markets increased their target price on Imperial Oil from C$115.00 to C$120.00 in a research report on Friday, October 4th. JPMorgan Chase & Co. lifted their price target on Imperial Oil from C$94.00 to C$97.00 and gave the company a “neutral” rating in a report on Tuesday, October 8th. Scotiabank cut shares of Imperial Oil from an “outperform” rating to a “sector perform” rating and set a C$110.00 target price on the stock. in a research report on Wednesday, September 25th. Finally, Royal Bank of Canada dropped their price target on shares of Imperial Oil from C$108.00 to C$99.00 in a research report on Tuesday, September 17th. Ten investment analysts have rated the stock with a hold rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Imperial Oil has a consensus rating of “Hold” and an average target price of C$99.54.

Imperial Oil Price Performance

Imperial Oil stock traded down C$0.92 during midday trading on Tuesday, reaching C$97.58. 265,838 shares of the company were exchanged, compared to its average volume of 959,474. The company has a market capitalization of C$52.29 billion, a price-to-earnings ratio of 10.24, a P/E/G ratio of 0.21 and a beta of 1.78. 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’s 50-day simple moving average is C$99.77 and its 200-day simple moving average is C$96.74. Imperial Oil has a 1 year low of C$72.03 and a 1 year high of C$108.89.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last posted its quarterly earnings data on Friday, August 2nd. The company reported C$2.11 earnings per share for the quarter, beating analysts’ consensus estimates of C$1.94 by C$0.17. Imperial Oil had a net margin of 10.09% and a return on equity of 22.17%. The business had revenue of C$13.38 billion during the quarter, compared to analyst estimates of C$14.30 billion. On average, analysts anticipate that Imperial Oil will post 8.6164609 EPS for the current year.

About Imperial Oil

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.