Imperial Oil Limited (NASDAQ:IMO) Given $32.12 Average Price Target by Analysts

Imperial Oil Limited (NASDAQ:IMO) has earned an average broker rating score of 3.46 (Hold) from the thirteen analysts that provide coverage for the company, Zacks Investment Research reports. Four research analysts have rated the stock with a strong sell recommendation, eight have given a hold recommendation and one has assigned a strong buy recommendation to the company.

Brokerages have set a one year consensus target price of $32.12 for the company and are expecting that the company will post $0.64 earnings per share for the current quarter, according to Zacks. Zacks has also given Imperial Oil an industry rank of 99 out of 256 based on the ratings given to related companies.

Separately, BidaskClub upgraded Imperial Oil from a “sell” rating to a “hold” rating in a research note on Wednesday, April 10th.

Shares of NASDAQ:IMO traded up $0.13 during midday trading on Friday, reaching $27.41. The company’s stock had a trading volume of 272,853 shares, compared to its average volume of 346,371. Imperial Oil has a fifty-two week low of $24.29 and a fifty-two week high of $34.56.

Imperial Oil (NASDAQ:IMO) last announced its earnings results on Friday, April 26th. The company reported $0.29 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.38 by ($0.09). The firm had revenue of $6 billion during the quarter, compared to the consensus estimate of $4.39 billion.

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.

See Also: Earnings Per Share

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