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 report issued on Monday morning, BayStreet.CA reports. The firm currently has an underperform rating on the stock.

Other analysts have also recently issued research reports about the stock. Canaccord Genuity cut their price target on shares of Imperial Oil from C$45.00 to C$42.00 in a research note on Tuesday, July 9th. Royal Bank of Canada cut their target price on shares of Imperial Oil from C$40.00 to C$39.00 in a research note on Thursday, July 18th. GMP Securities cut their target price on shares of Imperial Oil from C$40.00 to C$38.00 in a research note on Friday, June 28th. CIBC cut their target price on shares of Imperial Oil from C$39.00 to C$37.00 in a research note on Thursday, July 18th. Finally, National Bank Financial raised their target price on shares of Imperial Oil from C$43.00 to C$45.00 and gave the stock a sector perform rating in a research note on Tuesday, July 16th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average target price of C$41.62.

Shares of IMO stock opened at C$32.38 on Monday. The stock has a market cap of $25.20 billion and a P/E ratio of 8.17. The company has a debt-to-equity ratio of 21.84, a current ratio of 1.44 and a quick ratio of 1.00. The company has a fifty day moving average price of C$35.53 and a two-hundred day moving average price of C$36.62. Imperial Oil has a one year low of C$32.09 and a one year high of C$44.69.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Wednesday, September 4th will be paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.72%. The ex-dividend date of this dividend is Tuesday, September 3rd. Imperial Oil’s dividend 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: Return on Equity (ROE)

Analyst Recommendations for Imperial Oil (TSE:IMO)

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