Imperial Oil (TSE:IMO) Given New C$91.00 Price Target at TD Securities

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) had its price target upped by TD Securities from C$89.00 to C$91.00 in a research note published on Tuesday morning, BayStreet.CA reports. The brokerage currently has a hold rating on the stock.

Several other equities research analysts have also recently commented on IMO. BMO Capital Markets raised their target price on Imperial Oil from C$95.00 to C$115.00 in a research note on Thursday, March 28th. Desjardins raised their price objective on shares of Imperial Oil from C$88.00 to C$92.00 and gave the stock a hold rating in a research report on Tuesday, April 23rd. JPMorgan Chase & Co. dropped their target price on shares of Imperial Oil from C$97.00 to C$94.00 in a research report on Monday, February 12th. CIBC raised their price target on shares of Imperial Oil from C$90.00 to C$105.00 and gave the stock a neutral rating in a report on Monday, April 22nd. Finally, Royal Bank of Canada lifted their price target on shares of Imperial Oil from C$85.00 to C$100.00 in a research note on Tuesday, April 9th. Nine research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of Hold and an average price target of C$96.31.

Imperial Oil Price Performance

Shares of TSE IMO opened at C$93.11 on Tuesday. The company has a market capitalization of C$49.89 billion, a PE ratio of 10.97, a P/E/G ratio of 0.21 and a beta of 1.84. The company has a quick ratio of 0.98, a current ratio of 1.26 and a debt-to-equity ratio of 19.49. Imperial Oil has a twelve month low of C$60.19 and a twelve month high of C$101.63. The firm has a fifty day simple moving average of C$92.61 and a 200 day simple moving average of C$82.91.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last issued its quarterly earnings results on Friday, February 2nd. The company reported C$2.47 earnings per share for the quarter, topping analysts’ consensus estimates of C$2.08 by C$0.39. The firm had revenue of C$13.11 billion during the quarter, compared to the consensus estimate of C$16.57 billion. Imperial Oil had a return on equity of 21.91% and a net margin of 9.64%. On average, sell-side analysts forecast that Imperial Oil will post 8.4369527 EPS for the current year.

Imperial Oil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Monday, June 3rd will be issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.58%. The ex-dividend date is Friday, May 31st. Imperial Oil’s dividend payout ratio is currently 28.27%.

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.