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

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

IMO has been the subject of several other research reports. Desjardins raised their target price on Imperial Oil from C$92.00 to C$101.00 and gave the stock a hold rating in a research report on Tuesday, July 23rd. 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 research note on Thursday, August 8th. Royal Bank of Canada lowered their target price on shares of Imperial Oil from C$108.00 to C$99.00 in a research report on Tuesday, September 17th. Wolfe Research raised shares of Imperial Oil to a strong-buy rating in a research report on Thursday, July 18th. Finally, Scotiabank lowered Imperial Oil from an outperform rating to a sector perform rating and set a C$110.00 price objective on the stock. 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. According to MarketBeat.com, the company presently has a consensus rating of Hold and an average target price of C$99.08.

Imperial Oil Trading Up 2.3 %

Imperial Oil stock opened at C$94.82 on Friday. Imperial Oil has a 52-week low of C$72.03 and a 52-week high of C$106.09. The firm has a market capitalization of C$50.81 billion, a price-to-earnings ratio of 9.94, a PEG ratio of 0.21 and a beta of 1.80. The firm has a 50-day moving average price of C$97.25 and a two-hundred day moving average price of C$95.15. The company has a quick ratio of 0.98, a current ratio of 1.40 and a debt-to-equity ratio of 18.27.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last announced its earnings results on Friday, August 2nd. The company reported C$2.11 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of C$14.30 billion. Sell-side analysts expect that Imperial Oil will post 8.0042992 earnings per share for the current year.

Imperial Oil Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Tuesday, October 1st will be issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 2.53%. The ex-dividend date of this dividend is 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.