Imperial Oil (TSE:IMO) Given a C$37.00 Price Target at Raymond James

Raymond James set a C$37.00 target price on Imperial Oil (TSE:IMO) (NYSEMKT:IMO) in a research note released on Monday morning, BayStreet.CA reports. The firm currently has an underperform rating on the stock.

A number of other brokerages also recently issued reports on IMO. Canaccord Genuity dropped their price target on shares of Imperial Oil from C$45.00 to C$42.00 in a research report on Tuesday, July 9th. GMP Securities dropped their price target on shares of Imperial Oil from C$40.00 to C$38.00 in a research report on Friday, June 28th. National Bank Financial boosted their price target on shares of Imperial Oil from C$43.00 to C$45.00 and gave the stock a sector perform rating in a research report on Tuesday, July 16th. CIBC dropped their price target on shares of Imperial Oil from C$39.00 to C$37.00 in a research report on Thursday, July 18th. Finally, Goldman Sachs Group boosted their price target on shares of Imperial Oil from C$45.00 to C$48.00 in a research report on Tuesday, April 16th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company’s stock. Imperial Oil has an average rating of Hold and a consensus price target of C$41.62.

Shares of TSE IMO opened at C$32.38 on Monday. The company has a market capitalization of $25.20 billion and a P/E ratio of 8.17. Imperial Oil has a 52-week low of C$32.09 and a 52-week high of C$44.69. The company has a debt-to-equity ratio of 21.84, a quick ratio of 1.00 and a current ratio of 1.44. The company’s 50 day moving average price is C$35.53 and its 200-day moving average price is C$36.62.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Wednesday, September 4th will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Tuesday, September 3rd. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.72%. Imperial Oil’s payout ratio is presently 19.93%.

Imperial Oil Company Profile

Imperial Oil Limited explores for, produces, and sells crude oil and natural gas in Canada. It 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, 2018, this segment had 404 million oil-equivalent barrels of proved undeveloped reserves.

Further Reading: Net Income

Analyst Recommendations for Imperial Oil (TSE:IMO)

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