The stock of Imperial Oil Limited (TSE:IMO) is a huge mover today! The stock last traded at $44.49 per share. It is down 9.64% since April 14, 2016 and is uptrending. It has outperformed by 5.21% the S&P500.
The move comes after 7 months negative chart setup for the $38.67 billion company. It was reported on Nov, 18 by Barchart.com. We have $40.49 PT which if reached, will make TSE:IMO worth $3.48 billion less.
Imperial Oil Limited (TSE:IMO) Ratings Coverage
Out of 5 analysts covering Imperial Oil Limited (TSE:IMO), 2 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 40% are positive. $60 is the highest target while $41 is the lowest. The $46.67 average target is 4.90% above today’s ($44.49) stock price. Imperial Oil Limited has been the topic of 17 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The stock of Imperial Oil Limited (TSE:IMO) has “Sector Perform” rating given on Thursday, September 22 by RBC Capital Markets. Raymond James maintained Imperial Oil Limited (TSE:IMO) on Monday, June 6 with “” rating. The firm has “” rating by Desjardins Securities given on Tuesday, June 28. Credit Suisse upgraded the shares of IMO in a report on Monday, October 24 to “Outperform” rating. The company was upgraded on Thursday, November 3 by TD Securities. The rating was maintained by RBC Capital Markets on Wednesday, February 3 with “Sector Perform”. IBC upgraded Imperial Oil Limited (TSE:IMO) rating on Friday, August 14. IBC has “Sector Outperformer” rating and $60 price target. Scotia Capital maintained Imperial Oil Limited (TSE:IMO) on Thursday, September 22 with “Sector Perform” rating.
More notable recent Imperial Oil Limited (TSE:IMO) news were published by: Business.Financialpost.com which released: “Imperial Oil Ltd upgraded on strong free cash flow outlook” on September 22, 2016, also Business.Financialpost.com with their article: “Imperial Oil Ltd upgraded, poised to return cash” published on October 31, 2016, Theglobeandmail.com published: “Imperial Oil sells Esso gas stations for $2.8-billion” on March 08, 2016. More interesting news about Imperial Oil Limited (TSE:IMO) were released by: Business.Financialpost.com and their article: “Why now is a good time to own Imperial Oil Ltd” published on April 25, 2016 as well as Fool.ca‘s news article titled: “This Analyst Thinks Imperial Oil Limited Has 60% Upside” with publication date: October 27, 2016.
Imperial Oil Ltd is a Canada-based integrated oil company. The company has a market cap of $38.67 billion. The Firm is engaged in the exploration for, and production and sale of, natural gas and crude oil. It has a 46.03 P/E ratio. The Company’s activities are conducted in three divisions: Upstream, Downstream and Chemical.
IMO.TO Company Profile
Imperial Oil Limited, incorporated on May 1, 1978, is an integrated oil company. The Firm is engaged in the exploration for, and production and sale of, natural gas and crude oil. The Company’s activities are conducted in three divisions: Upstream, Downstream and Chemical. Upstream activities include the exploration for, and production of, crude oil, natural gas, synthetic oil and bitumen. Downstream activities consist of the transportation and refining of crude oil, blending of refined products and the distribution and marketing of those products. Chemical activities consist of the manufacturing and marketing of various petrochemicals.
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