Imperial Oil (TSE:IMO – Get Free Report) (NYSEMKT:IMO) was upgraded by investment analysts at Raymond James to a “hold” rating in a note issued to investors on Tuesday, Zacks.com reports.
Several other analysts also recently weighed in on IMO. National Bankshares lifted their price objective on Imperial Oil from C$90.00 to C$120.00 and gave the company a “sector perform” rating in a report on Friday, April 19th. CIBC lifted their target price on shares of Imperial Oil from C$90.00 to C$105.00 and gave the stock a “neutral” rating in a research note on Monday, April 22nd. ATB Capital increased their price objective on Imperial Oil from C$85.00 to C$90.00 and gave the company a “sector perform” rating in a report on Wednesday, March 20th. BMO Capital Markets raised their target price on shares of Imperial Oil from C$95.00 to C$115.00 in a report on Thursday, March 28th. Finally, Desjardins lifted their target price on shares of Imperial Oil from C$88.00 to C$92.00 and gave the company a “hold” rating in a report on Tuesday, April 23rd. Ten analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, Imperial Oil presently has an average rating of “Hold” and an average target price of C$96.07.
Check Out Our Latest Research Report on IMO
Imperial Oil Price Performance
Imperial Oil (TSE:IMO – Get Free Report) (NYSEMKT:IMO) last posted its earnings results on Friday, April 26th. The company reported C$2.23 EPS for the quarter, topping analysts’ consensus estimates of C$2.00 by C$0.23. The company had revenue of C$12.28 billion for the quarter, compared to the consensus estimate of C$15.74 billion. Imperial Oil had a return on equity of 20.78% and a net margin of 9.50%. As a group, sell-side analysts expect that Imperial Oil will post 9.6175299 earnings per share for the current fiscal year.
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.
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