FY2024 EPS Estimates for Imperial Oil Increased by Analyst

Imperial Oil Limited (TSE:IMO) (NYSEMKT:IMO) – Analysts at Zacks Research boosted their FY2024 earnings estimates for Imperial Oil in a research report issued to clients and investors on Thursday, November 21st. Zacks Research analyst R. Department now expects that the company will earn $8.40 per share for the year, up from their previous forecast of $8.27. The consensus estimate for Imperial Oil’s current full-year earnings is $8.62 per share. Zacks Research also issued estimates for Imperial Oil’s Q4 2024 earnings at $1.73 EPS, Q2 2026 earnings at $2.06 EPS, Q3 2026 earnings at $1.47 EPS and FY2026 earnings at $8.10 EPS.

IMO has been the topic of several other research reports. BMO Capital Markets upped their target price on shares of Imperial Oil from C$115.00 to C$120.00 in a report on Friday, October 4th. National Bankshares decreased their price target on Imperial Oil from C$115.00 to C$112.00 in a report on Friday, September 27th. TD Securities lifted their price target on shares of Imperial Oil from C$92.00 to C$93.00 and gave the stock a “hold” rating in a research report on Tuesday, November 5th. Raymond James lifted their price objective on shares of Imperial Oil from C$99.00 to C$101.50 in a research note on Monday, November 4th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Imperial Oil from C$97.00 to C$100.00 in a research report on Wednesday, November 13th. Nine equities research analysts have rated the stock with a hold rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of C$101.23.

Imperial Oil Price Performance

Shares of TSE:IMO opened at C$103.68 on Monday. The business’s 50 day moving average is C$101.84 and its 200-day moving average is C$97.70. The company has a current ratio of 1.40, a quick ratio of 0.98 and a debt-to-equity ratio of 18.27. The firm has a market capitalization of C$55.56 billion, a PE ratio of 10.87, a PEG ratio of 0.21 and a beta of 1.78. Imperial Oil has a 1-year low of C$72.03 and a 1-year high of C$108.89.

Imperial Oil Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 1st. Shareholders of record on Tuesday, December 3rd will be given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 2.31%. The ex-dividend date is Tuesday, December 3rd. Imperial Oil’s payout ratio is 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.