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

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

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

Imperial Oil Stock Performance

IMO opened at C$95.15 on Friday. The company has a current ratio of 1.40, a quick ratio of 0.98 and a debt-to-equity ratio of 18.27. The company’s fifty day moving average price is C$97.24 and its two-hundred day moving average price is C$95.18. The company has a market cap of C$50.99 billion, a price-to-earnings ratio of 9.97, a PEG ratio of 0.21 and a beta of 1.80. Imperial Oil has a 1-year low of C$72.03 and a 1-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 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$1.94 by C$0.17. Imperial Oil had a return on equity of 22.17% and a net margin of 10.09%. The firm had revenue of C$13.38 billion during the quarter, compared to the consensus estimate of C$14.30 billion. On average, analysts expect that Imperial Oil will post 8.0042992 EPS for the current fiscal year.

Imperial Oil Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Tuesday, October 1st will be issued a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 2.52%. The ex-dividend date of this dividend is Wednesday, September 4th. 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.