National Bankshares Raises Imperial Oil (TSE:IMO) Price Target to C$110.00

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) had its target price boosted by investment analysts at National Bankshares from C$109.00 to C$110.00 in a research note issued on Thursday,BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. National Bankshares’ price target would suggest a potential upside of 6.32% from the stock’s current price.

Several other equities analysts also recently weighed in on IMO. Raymond James raised their price target on Imperial Oil from C$101.50 to C$104.00 in a report on Friday, December 13th. CIBC boosted their price objective on shares of Imperial Oil from C$105.00 to C$108.00 in a report on Friday, January 17th. Royal Bank of Canada lifted their target price on Imperial Oil from C$99.00 to C$101.00 in a report on Wednesday, November 6th. Wolfe Research cut Imperial Oil from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 3rd. Finally, BMO Capital Markets boosted their target price on Imperial Oil from C$115.00 to C$120.00 in a research report on Friday, October 4th. Ten analysts have rated the stock with a hold rating, According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of C$104.00.

Imperial Oil Stock Up 2.1 %

IMO traded up C$2.10 during trading on Thursday, reaching C$103.46. The stock had a trading volume of 212,568 shares, compared to its average volume of 853,547. Imperial Oil has a one year low of C$75.53 and a one year high of C$108.89. The company has a market capitalization of C$55.44 billion, a price-to-earnings ratio of 10.84, a P/E/G ratio of 0.21 and a beta of 1.78. The company has a current ratio of 1.40, a quick ratio of 0.98 and a debt-to-equity ratio of 18.27. The stock’s 50 day moving average is C$97.56 and its two-hundred day moving average is C$98.87.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last posted its quarterly earnings data on Friday, November 1st. The company reported C$2.33 EPS for the quarter, topping the consensus estimate of C$2.02 by C$0.31. Imperial Oil had a net margin of 10.09% and a return on equity of 22.17%. During the same quarter last year, the company earned $2.76 EPS. As a group, analysts expect that Imperial Oil will post 8.6164609 earnings per share for the current year.

Insider Activity

In other news, Director Bradley William Corson purchased 4,800 shares of the company’s stock in a transaction that occurred on Thursday, December 12th. The stock was bought at an average cost of C$97.44 per share, with a total value of C$467,713.92. Company insiders own 71.26% of the company’s stock.

Imperial Oil Company Profile

Imperial Oil is one of Canada’s largest integrated oil companies, focusing on upstream operations, petroleum refining operations, and the marketing of petroleum products. Production averaged 398 thousand barrels of oil equivalent per day in 2020. The company estimates that it holds 5.2 billion boe of proved and probable crude oil and natural gas reserves.