CIBC analyst Dennis Fong maintained a Hold rating on Imperial Oil (IMO – Research Report) today and set a price target of C$105.00. The company’s shares closed today at $70.44.
According to TipRanks, Fong is a 4-star analyst with an average return of 4.3% and a 49.03% success rate. Fong covers the Energy sector, focusing on stocks such as Baytex Energy, Canadian Natural, and Cenovus Energy.
In addition to CIBC, Imperial Oil also received a Hold from National Bank’s Travis Wood in a report issued on April 19. However, on April 11, Scotiabank maintained a Buy rating on Imperial Oil (NYSE MKT: IMO).
Based on Imperial Oil’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $12.49 billion and a net profit of $1.37 billion. In comparison, last year the company earned a revenue of $48.46 billion and had a net profit of $36.25 billion
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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.
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