Imperial Oil (TSE:IMO) Price Target Lowered to C$42.00 at JPMorgan Chase & Co.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) had its price objective cut by JPMorgan Chase & Co. from C$46.00 to C$42.00 in a report released on Monday, February 4th.

A number of other equities research analysts also recently weighed in on the company. GMP Securities cut their target price on Imperial Oil from C$38.00 to C$37.00 in a research report on Monday, February 4th. CIBC cut their target price on Imperial Oil from C$41.00 to C$35.00 in a research report on Friday, February 1st. Morgan Stanley cut their target price on Imperial Oil from C$51.00 to C$42.00 in a research report on Wednesday, January 30th. CSFB restated an underperform rating and issued a C$38.00 target price on shares of Imperial Oil in a research report on Monday, January 28th. Finally, Canaccord Genuity downgraded Imperial Oil from a buy rating to a hold rating and cut their target price for the stock from C$54.00 to C$40.00 in a research report on Thursday, January 10th. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus price target of C$41.50.

Shares of TSE IMO traded up C$0.01 during midday trading on Monday, hitting C$35.45. 1,072,900 shares of the company’s stock were exchanged, compared to its average volume of 1,027,885. The company has a market cap of $27.57 billion and a PE ratio of 12.40. The company has a current ratio of 1.20, a quick ratio of 0.81 and a debt-to-equity ratio of 21.64. Imperial Oil has a twelve month low of C$33.43 and a twelve month high of C$44.91.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 1st. Stockholders of record on Monday, March 4th will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Friday, March 1st. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.14%. Imperial Oil’s dividend payout ratio (DPR) is presently 25.52%.

About Imperial Oil

Imperial Oil Limited explores for, produces, and sells crude oil and natural gas in Canada. The company 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, 2017, this segment had 450 million oil-equivalent barrels of proved undeveloped reserves.

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Analyst Recommendations for Imperial Oil (TSE:IMO)

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