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.
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.
Featured Article: What are the benefits of a balanced fund?
Receive News & Ratings for Imperial Oil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Imperial Oil and related companies with MarketBeat.com's FREE daily email newsletter.