Imperial Oil Ltd (NYSEMKT:IMO) (TSE:IMO) was downgraded by analysts at BidaskClub from a "sell" rating to a "strong sell" rating in a research report issued to clients and investors on Friday, July 28th.
A number of research analysts recently commented on IMO shares. Imperial Oil Limited had 29 analyst reports since July 21, 2015 according to SRatingsIntel.
Shares of Imperial Oil (NYSEMKT IMO) traded down 0.42% during mid-day trading on Thursday, reaching $28.37. CIBC lowered shares of Imperial Oil from a "sector outperform" rating to a "sector perform" rating in a research note on Tuesday, May 23rd. UBS AG raised shares of Imperial Oil from a "market perform" rating to an "outperform" rating in a research note on Monday, April 10th. National Bank Financial started coverage on shares of Imperial Oil in a research note on Tuesday, June 27th. The firm has "Buy" rating by RBC Capital Markets given on Monday, June 19. Five analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have given a buy rating to the stock. The correct version of this piece of content can be read at https://baseballnewssource.com/markets/imperial-oil-ltd-imo-receives-c45-60-consensus-target-price-from-brokerages-updated-updated-updated/1270805.html. CIBC cut shares of Imperial Oil from an "outperform" rating to a "neutral" rating and reduced their price target for the stock from C$50.00 to C$45.00 in a research report on Wednesday, May 24th. The company has a 50-day moving average price of $29.05 and a 200 day moving average price of $29.93. The company has market cap of $30.51 billion. Imperial Oil has a 12-month low of $27.59 and a 12-month high of $36.85. The energy company reported ($0.07) EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.23 by $0.30. The business had revenue of $7.03 billion during the quarter, compared to analyst estimates of $8.40 billion. Imperial Oil had a negative net margin of 1.10% and a negative return on equity of 1.23%. The average 12 month target price among analysts that have updated their coverage on the stock in the previous year is C$43.82. During the same quarter in the prior year, the company posted ($0.21) earnings per share. Equities analysts anticipate that Imperial Oil Ltd will post $1.11 EPS for the current year.
ILLEGAL ACTIVITY NOTICE: This piece of content was published by BBNS and is the sole property of of BBNS. If you are reading this news story on another site, it was stolen and reposted in violation of USA and global copyright and trademark laws. First Eagle Investment Management LLC boosted its position in shares of Imperial Oil by 9.8% in the second quarter. The SI to Assembly Biosciences Incorporated's float is 3.47%. TD Asset Management Inc. now owns 8,573,953 shares of the energy company's stock worth $249,559,000 after buying an additional 794,733 shares during the period. TD Asset Management Inc. boosted its position in shares of Imperial Oil by 10.2% in the second quarter. First Eagle Investment Management LLC now owns 8,487,803 shares of the energy company's stock worth $258,241,000 after buying an additional 3,255,924 shares in the last quarter. American Century Companies Inc. raised its position in shares of Imperial Oil by 11.6% in the first quarter. American Century Companies Inc. now owns 10,464,468 shares of the energy company's stock worth $305,029,000 after buying an additional 455,688 shares in the last quarter. TN purchased a new stake in Imperial Oil during the first quarter worth $373,000. Martin Investment Management Llc acquired 169,457 shares as Canon Inc Sponsored Adr (CAJ)'s stock rose 16.15%. The Company is engaged in all the phases of the petroleum industry in Canada, including exploration for, and production and sale of, crude oil and natural gas. The Company is involved in the exploration for and development of crude oil and natural gas in Canada.