Imperial Oil (TSE:IMO) Stock Price Passes Above 200-Day Moving Average – Here’s Why

Shares of Imperial Oil Limited (TSE:IMO) (NYSEMKT:IMO) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$96.71 and traded as high as C$107.73. Imperial Oil shares last traded at C$98.57, with a volume of 1,368,162 shares trading hands.

Analyst Ratings Changes

Several brokerages recently commented on IMO. Royal Bank of Canada decreased their price target on Imperial Oil from C$108.00 to C$99.00 in a research note on Tuesday, September 17th. Desjardins boosted their price target on 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. National Bankshares decreased their price target on Imperial Oil from C$115.00 to C$112.00 in a research note on Friday, September 27th. Wolfe Research raised Imperial Oil to a “strong-buy” rating in a research note on Thursday, July 18th. Finally, Raymond James boosted their price target on Imperial Oil from C$97.00 to C$99.00 in a research note on Tuesday, October 15th. Ten equities research analysts have rated the stock with a hold rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of C$99.25.

Imperial Oil Stock Performance

The stock has a fifty day simple moving average of C$99.83 and a two-hundred day simple moving average of C$96.71. The stock has a market cap of C$52.82 billion, a price-to-earnings ratio of 10.33, 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.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last announced its earnings results on Friday, August 2nd. The company reported C$2.11 earnings per share (EPS) for the quarter, topping the consensus estimate of C$1.94 by C$0.17. The business had revenue of C$13.38 billion during the quarter, compared to analyst estimates of C$14.30 billion. Imperial Oil had a return on equity of 22.17% and a net margin of 10.09%. Analysts expect that Imperial Oil Limited will post 8.6164609 EPS for the current fiscal year.

Imperial Oil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Tuesday, October 1st were given a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 2.43%. The ex-dividend date was Wednesday, September 4th. Imperial Oil’s dividend payout ratio (DPR) is presently 25.16%.

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.