Imperial Oil Limited (TSE:IMO – Free Report) (NYSEMKT:IMO) – Research analysts at Zacks Research lifted their Q3 2023 EPS estimates for shares of Imperial Oil in a note issued to investors on Thursday, September 21st. Zacks Research analyst T. Saha now anticipates that the company will earn $1.97 per share for the quarter, up from their previous forecast of $1.96. The consensus estimate for Imperial Oil’s current full-year earnings is $8.98 per share. Zacks Research also issued estimates for Imperial Oil’s Q1 2024 earnings at $2.26 EPS, Q3 2024 earnings at $0.64 EPS and Q2 2025 earnings at $2.28 EPS.
Several other equities research analysts have also recently commented on IMO. National Bankshares dropped their target price on shares of Imperial Oil from C$88.00 to C$87.00 in a research report on Thursday, June 29th. CIBC raised their target price on shares of Imperial Oil from C$75.00 to C$76.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 29th. Desjardins lifted their price target on shares of Imperial Oil from C$76.00 to C$83.00 and gave the company a “hold” rating in a research report on Monday, September 18th. Royal Bank of Canada lifted their price target on shares of Imperial Oil from C$75.00 to C$77.00 and gave the company a “sector perform” rating in a research report on Thursday, August 3rd. Finally, National Bank Financial lowered their price target on shares of Imperial Oil from C$87.00 to C$82.00 in a research report on Monday, July 17th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of C$79.31.
Imperial Oil Trading Up 1.2 %
TSE:IMO opened at C$78.77 on Monday. The company has a 50-day moving average price of C$74.13 and a 200-day moving average price of C$69.16. Imperial Oil has a 12 month low of C$55.26 and a 12 month high of C$81.27. The company has a current ratio of 1.49, a quick ratio of 0.98 and a debt-to-equity ratio of 18.37. The stock has a market cap of C$46.01 billion, a price-to-earnings ratio of 8.41, a P/E/G ratio of 0.21 and a beta of 1.87.
Imperial Oil (TSE:IMO – Get Free Report) (NYSEMKT:IMO) last posted its earnings results on Friday, July 28th. The company reported C$1.15 EPS for the quarter, topping the consensus estimate of C$1.13 by C$0.02. Imperial Oil had a net margin of 10.66% and a return on equity of 24.80%. The firm had revenue of C$11.82 billion during the quarter, compared to analysts’ expectations of C$15.08 billion.
Imperial Oil Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Sunday, October 1st. Shareholders of record on Sunday, October 1st will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, August 31st. This represents a $2.00 dividend on an annualized basis and a yield of 2.54%. Imperial Oil’s dividend payout ratio is currently 21.34%.
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 for, and produces crude oil, natural gas, synthetic crude oil, and bitumen. The Downstream segment is involved in the transportation and refining of crude oil, blending of refined products, and the distribution and marketing of refined products.
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