In a report released on January 12, Gregory Pardy from RBC Capital maintained a Hold rating on Imperial Oil (IMO – Research Report), with a price target of C$82.00. The company’s shares closed last Friday at $58.12.
Pardy covers the Energy sector, focusing on stocks such as Cenovus Energy, MEG Energy, and Baytex Energy. According to TipRanks, Pardy has an average return of 21.7% and a 59.51% success rate on recommended stocks.
Imperial Oil has an analyst consensus of Moderate Buy, with a price target consensus of $66.53, which is a 14.47% upside from current levels. In a report released on January 10, National Bank also maintained a Hold rating on the stock with a C$89.00 price target.
See the top stocks recommended by analysts >>
Based on Imperial Oil’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $13.27 billion and a net profit of $1.6 billion. In comparison, last year the company earned a revenue of $14.64 billion and had a net profit of $2 billion
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Imperial Oil (IMO) Company Description:
Imperial Oil Ltd. engages in the provision of integrated oil business. It operates through the following business segments: Upstream, Downstream, Chemical and Corporate and Other. The Upstream segment includes the exploration and production of crude oil, natural gas, synthetic oil, and bitumen. The Downstream segment focuses on refining crude oil into petroleum products. The Chemical segment manufactures and markets hydrocarbon-based chemicals and chemical products. The Corporate and Other segment covers assets and liabilities that do not specifically relate to business segments. The company was founded on September 8, 1880 and is headquartered in Calgary, Canada.
Read More on IMO:
