Imperial Oil (IMO) PT Raised to C$47.00 at CSFB

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) had its price target raised by equities researchers at CSFB from C$45.00 to C$47.00 in a research note issued to investors on Friday. CSFB’s price target indicates a potential upside of 26.38% from the stock’s current price.

A number of other analysts also recently weighed in on the company. Royal Bank of Canada upgraded Imperial Oil from an “underperform” rating to a “sector perform” rating and lifted their price target for the company from C$40.00 to C$41.00 in a research note on Wednesday, January 31st. AltaCorp Capital upgraded Imperial Oil from an “underperform” rating to a “sector perform” rating in a research report on Monday, January 15th. Eight Capital set a C$39.00 target price on Imperial Oil and gave the stock a “sell” rating in a research report on Thursday, January 11th. Finally, National Bank Financial boosted their target price on Imperial Oil from C$39.00 to C$41.00 and gave the stock a “sector perform” rating in a research report on Tuesday, January 9th. Three analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of C$41.60.

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Shares of Imperial Oil stock traded up C$0.50 during trading on Friday, reaching C$37.19. The company’s stock had a trading volume of 364,478 shares, compared to its average volume of 890,306. Imperial Oil has a 12-month low of C$33.43 and a 12-month high of C$42.25.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last posted its quarterly earnings results on Friday, February 2nd. The company reported C$0.52 earnings per share for the quarter, missing the Zacks’ consensus estimate of C$0.64 by C($0.12). The company had revenue of C$8.08 billion during the quarter, compared to analysts’ expectations of C$7.19 billion.

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About Imperial Oil

Imperial Oil Limited explores for, produces, and sells crude oil and natural gas in Canada. The company 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, 2017, this segment had 450 million oil-equivalent barrels of proved undeveloped reserves.

Analyst Recommendations for Imperial Oil (TSE:IMO)

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