Imperial Oil Limited (NYSE:IMO – Get Rating) shares saw strong trading volume on Tuesday . 16,371 shares changed hands during mid-day trading, a decline of 96% from the previous session's volume of 412,313 shares.The stock last traded at $41.44 and had previously closed at $40.38.
Wall Street Analyst Weigh In
Several analysts have weighed in on the stock. StockNews.com upgraded shares of Imperial Oil from a "hold" rating to a "buy" rating in a research note on Friday, August 5th. Credit Suisse Group reiterated a "neutral" rating on shares of Imperial Oil in a research note on Thursday, August 11th.
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The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.04 and a current ratio of 1.18. The stock has a market capitalization of $27.87 billion, a P/E ratio of 7.14, a price-to-earnings-growth ratio of 0.25 and a beta of 1.45. The firm's fifty day simple moving average is $46.35 and its 200 day simple moving average is $48.15.
Imperial Oil (NYSE:IMO – Get Rating) last released its earnings results on Friday, July 29th. The company reported $2.84 EPS for the quarter, beating the consensus estimate of $2.32 by $0.52. Imperial Oil had a net margin of 10.08% and a return on equity of 24.23%. The firm had revenue of $13.56 billion for the quarter, compared to analyst estimates of $17 billion. As a group, equities research analysts forecast that Imperial Oil Limited will post 7.79 EPS for the current fiscal year.Imperial Oil Company Profile
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Imperial Oil Limited engages in exploration, production, and sale of crude oil and natural gas in Canada. The company operates through three segments: Upstream, Downstream and Chemical segments. The Upstream segment explores for, and produces crude oil, natural gas, synthetic oil, and bitumen. As of December 31, 2021, this segment had 386 million oil-equivalent barrels of proved undeveloped reserves.
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