Imperial Oil Ltd (NYSEMKT:IMO) (TSE:IMO) had its target price increased by analysts at Morgan Stanley from $36.00 to $42.00 in a research report issued to clients and investors on Friday. The firm currently has an “underweight” rating on the energy company’s stock. Morgan Stanley’s price target indicates a potential upside of 35.18% from the stock’s current price.
A number of other analysts have also commented on the company. BidaskClub raised Imperial Oil from a “hold” rating to a “buy” rating in a research note on Tuesday, September 12th. Raymond James Financial, Inc. lowered Imperial Oil from an “outperform” rating to a “market perform” rating in a research note on Wednesday, July 5th. UBS AG lowered Imperial Oil from an “outperform” rating to a “market perform” rating in a research note on Wednesday, July 5th. Citigroup Inc. reaffirmed a “neutral” rating on shares of Imperial Oil in a research note on Wednesday, August 2nd. Finally, Barclays PLC raised Imperial Oil from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, July 11th. Six analysts have rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the company’s stock. Imperial Oil has an average rating of “Hold” and an average target price of $45.50.
Imperial Oil (NYSEMKT IMO) traded up 0.74% during midday trading on Friday, hitting $31.30. 13,586 shares of the stock were exchanged. The company has a market capitalization of $26.43 billion, a P/E ratio of 11.96 and a beta of 1.14. Imperial Oil has a 1-year low of $27.59 and a 1-year high of $36.85. The company’s 50 day moving average is $30.98 and its 200 day moving average is $29.66.
Imperial Oil (NYSEMKT:IMO) (TSE:IMO) last released its quarterly earnings data on Friday, July 28th. The energy company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.30). The company had revenue of $7.03 billion for the quarter, compared to analysts’ expectations of $8.40 billion. Imperial Oil had a negative net margin of 1.10% and a negative return on equity of 1.23%. The business’s revenue for the quarter was up 12.6% compared to the same quarter last year. During the same period last year, the company posted ($0.21) EPS. Analysts predict that Imperial Oil will post $0.92 earnings per share for the current fiscal year.
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Several large investors have recently modified their holdings of the company. Pacad Investment Ltd. increased its holdings in Imperial Oil by 46.9% in the 2nd quarter. Pacad Investment Ltd. now owns 7,200 shares of the energy company’s stock worth $210,000 after buying an additional 2,300 shares in the last quarter. Nexus Investment Management Inc. bought a new stake in Imperial Oil in the 2nd quarter worth about $227,000. Ameriprise Financial Inc. increased its holdings in Imperial Oil by 12.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 8,222 shares of the energy company’s stock worth $241,000 after buying an additional 900 shares in the last quarter. Virtu KCG Holdings LLC increased its holdings in Imperial Oil by 9.7% in the 2nd quarter. Virtu KCG Holdings LLC now owns 9,207 shares of the energy company’s stock worth $268,000 after buying an additional 817 shares in the last quarter. Finally, Comerica Bank increased its holdings in Imperial Oil by 1.3% in the 1st quarter. Comerica Bank now owns 13,983 shares of the energy company’s stock worth $411,000 after buying an additional 181 shares in the last quarter.
Imperial Oil Company Profile
Imperial Oil Limited is an integrated oil company. The Company is engaged in all the phases of the petroleum industry in Canada, including exploration for, and production and sale of, crude oil and natural gas. Its operations are conducted in three segments: Upstream, Downstream and Chemical. The Upstream operations include the exploration for, and production of, crude oil, natural gas, synthetic oil and bitumen.
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