Imperial Oil (TSE:IMO) (NYSEMKT:IMO) had its price objective trimmed by Barclays from C$46.00 to C$45.00 in a research report report published on Tuesday, February 5th.
A number of other equities research analysts have also recently commented on IMO. BMO Capital Markets reissued a market perform rating and issued a C$48.00 price objective on shares of Imperial Oil in a research note on Thursday, November 8th. TD Securities raised their price target on shares of Imperial Oil from C$46.00 to C$47.00 in a research note on Thursday, November 8th. GMP Securities decreased their price target on shares of Imperial Oil from C$38.00 to C$37.00 in a research note on Monday, February 4th. AltaCorp Capital cut shares of Imperial Oil from a sector perform rating to an underperform rating in a research note on Monday, January 7th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Imperial Oil from C$46.00 to C$42.00 in a research note on Monday, February 4th. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company. The company has an average rating of Hold and an average target price of C$41.50.
Imperial Oil stock traded up C$0.01 during trading hours on Tuesday, reaching C$35.45. 1,072,900 shares of the stock were exchanged, compared to its average volume of 1,027,885. The company has a market cap of $27.57 billion and a P/E ratio of 12.40. The company has a debt-to-equity ratio of 21.64, a quick ratio of 0.81 and a current ratio of 1.20. Imperial Oil has a 52-week low of C$33.43 and a 52-week high of C$44.91.
The business also recently declared a quarterly dividend, which will be paid on Monday, April 1st. Shareholders of record on Monday, March 4th will be paid a $0.19 dividend. The ex-dividend date is Friday, March 1st. This represents a $0.76 dividend on an annualized basis and a yield of 2.14%. Imperial Oil’s dividend payout ratio is 25.52%.
Imperial Oil Company Profile
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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