Imperial Oil (NASDAQ:IMO) Upgraded to Hold by BidaskClub

BidaskClub upgraded shares of Imperial Oil (NASDAQ:IMO) from a sell rating to a hold rating in a research report report published on Wednesday, BidAskClub reports.

Separately, AltaCorp Capital upgraded shares of Imperial Oil from an underperform rating to a sector perform rating in a research note on Sunday, October 6th.

IMO traded down $0.13 during trading hours on Wednesday, hitting $26.68. 146,600 shares of the company’s stock were exchanged, compared to its average volume of 295,124. Imperial Oil has a 12-month low of $23.66 and a 12-month high of $32.41. The firm has a 50 day moving average of $25.47 and a 200 day moving average of $26.64.

About Imperial Oil

Imperial Oil Limited explores for, produces, and sells crude oil and natural gas in Canada. The company operates through three segments: Upstream, Downstream, and Chemical. The Upstream segment explores for and produces crude oil, natural gas, synthetic oil, and bitumen. As of December 31, 2017, this segment had 450 million oil-equivalent barrels of proved undeveloped reserves.

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