Zacks Research Predicts Increased Earnings for Imperial Oil

Imperial Oil Limited (TSE:IMO) (NYSEMKT:IMO) – Equities researchers at Zacks Research lifted their FY2024 EPS estimates for Imperial Oil in a note issued to investors on Wednesday, January 15th. Zacks Research analyst R. Department now expects that the company will post earnings per share of $8.44 for the year, up from their previous forecast of $8.40. The consensus estimate for Imperial Oil’s current full-year earnings is $8.62 per share. Zacks Research also issued estimates for Imperial Oil’s Q2 2025 earnings at $1.43 EPS and Q4 2025 earnings at $1.75 EPS.

A number of other brokerages have also recently commented on IMO. TD Securities increased their target price on Imperial Oil from C$93.00 to C$96.00 and gave the company a “hold” rating in a report on Friday, December 13th. JPMorgan Chase & Co. boosted their price target on Imperial Oil from C$97.00 to C$100.00 in a research report on Wednesday, November 13th. National Bankshares decreased their price objective on Imperial Oil from C$115.00 to C$112.00 in a report on Friday, September 27th. BMO Capital Markets lifted their target price on shares of Imperial Oil from C$115.00 to C$120.00 in a research note on Friday, October 4th. Finally, Wolfe Research cut shares of Imperial Oil from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 3rd. Ten research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of C$103.90.

Imperial Oil Stock Up 1.6 %

IMO stock opened at C$97.79 on Thursday. The stock has a market capitalization of C$52.40 billion, a P/E ratio of 10.25, a P/E/G ratio of 0.21 and a beta of 1.78. Imperial Oil has a 52 week low of C$73.81 and a 52 week high of C$108.89. The firm has a 50-day simple moving average of C$98.08 and a 200-day simple moving average of C$98.36. The company has a quick ratio of 0.98, a current ratio of 1.40 and a debt-to-equity ratio of 18.27.

Imperial Oil Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 1st. Investors of record on Wednesday, January 1st were given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 2.45%. The ex-dividend date was Tuesday, December 3rd. Imperial Oil’s payout ratio is currently 25.16%.

Insiders Place Their Bets

In other Imperial Oil news, Director Bradley William Corson acquired 4,800 shares of the stock in a transaction that occurred on Thursday, December 12th. The stock was bought at an average cost of C$97.44 per share, for a total transaction of C$467,713.92. 71.26% of the stock is owned by insiders.

About Imperial Oil

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.