Imperial Oil Ltd (NYSEAMERICAN:IMO) (TSE:IMO) – National Bank Financial lowered their FY2020 earnings per share estimates for Imperial Oil in a research report issued on Thursday, May 2nd, Zacks Investment Research reports. National Bank Financial analyst T. Wood now forecasts that the energy company will post earnings per share of $1.54 for the year, down from their prior estimate of $1.63.
Other research analysts have also issued research reports about the company. Zacks Investment Research lowered Imperial Oil from a “buy” rating to a “hold” rating in a research report on Monday, May 20th. TheStreet upgraded Imperial Oil from a “c+” rating to a “b-” rating in a research report on Monday, April 22nd. Credit Suisse Group restated a “hold” rating on shares of Imperial Oil in a research report on Friday, April 12th. Desjardins restated a “hold” rating and set a $38.00 target price on shares of Imperial Oil in a research report on Tuesday, February 5th. Finally, Raymond James restated an “average” rating and set a $44.00 target price on shares of Imperial Oil in a research report on Wednesday, March 20th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have issued a buy rating to the company’s stock. Imperial Oil currently has a consensus rating of “Hold” and a consensus price target of $38.41.
IMO traded down $0.11 on Monday, hitting $27.18. The company had a trading volume of 250,600 shares, compared to its average volume of 350,685. Imperial Oil has a 12-month low of $24.29 and a 12-month high of $34.56.
Imperial Oil (NYSEAMERICAN:IMO) (TSE:IMO) last released its quarterly earnings results on Friday, April 26th. The energy company reported $0.29 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.38 by ($0.09). The company had revenue of $7.98 billion during the quarter, compared to the consensus estimate of $8.21 billion. The company’s quarterly revenue was up .6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.62 EPS.
Hedge funds have recently modified their holdings of the company. BlackRock Inc. boosted its holdings in Imperial Oil by 506.6% in the third quarter. BlackRock Inc. now owns 9,705 shares of the energy company’s stock valued at $314,000 after purchasing an additional 8,105 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Imperial Oil by 151.9% in the third quarter. JPMorgan Chase & Co. now owns 427,176 shares of the energy company’s stock valued at $13,827,000 after purchasing an additional 257,605 shares during the last quarter. Neuberger Berman Group LLC boosted its holdings in Imperial Oil by 20.2% in the third quarter. Neuberger Berman Group LLC now owns 34,255 shares of the energy company’s stock valued at $1,109,000 after purchasing an additional 5,767 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Imperial Oil by 0.9% in the third quarter. Vanguard Group Inc. now owns 7,134,019 shares of the energy company’s stock valued at $230,928,000 after purchasing an additional 66,468 shares during the last quarter. Finally, Vanguard Group Inc boosted its holdings in Imperial Oil by 0.9% in the third quarter. Vanguard Group Inc now owns 7,134,019 shares of the energy company’s stock valued at $230,928,000 after purchasing an additional 66,468 shares during the last quarter.
Imperial Oil Company Profile
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.