The stock of Imperial Oil Limited (TSE:IMO) is a huge mover today! About 113,469 shares traded hands. Imperial Oil Limited (TSE:IMO) has risen 8.05% since April 25, 2016 and is uptrending. It has outperformed by 2.79% the S&P500.
The move comes after 8 months negative chart setup for the $36.58 billion company. It was reported on Nov, 29 by Barchart.com. We have $41.54 PT which if reached, will make TSE:IMO worth $1.83B 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 $46.78 average target is 6.97% above today’s ($43.73) stock price. Imperial Oil Limited has been the topic of 18 analyst reports since July 21, 2015 according to StockzIntelligence Inc. Scotia Capital maintained the stock with “Sector Perform” rating in Thursday, September 22 report. As per Tuesday, June 28, the company rating was maintained by Desjardins Securities. The stock of Imperial Oil Limited (TSE:IMO) earned “Sector Perform” rating by RBC Capital Markets on Thursday, September 22. The company was upgraded on Friday, August 14 by IBC. The rating was upgraded by Credit Suisse to “Outperform” on Monday, October 24. The rating was maintained by Raymond James with “” on Monday, June 6. The stock of Imperial Oil Limited (TSE:IMO) earned “Buy” rating by TD Securities on Thursday, November 3. The stock of Imperial Oil Limited (TSE:IMO) has “Sector Perform” rating given on Wednesday, February 3 by RBC Capital Markets.
More notable recent Imperial Oil Limited (TSE:IMO) news were published by: Theglobeandmail.com which released: “Imperial Oil sells Esso gas stations for $2.8-billion” on March 08, 2016, also Business.Financialpost.com with their article: “Imperial Oil Ltd upgraded on strong free cash flow outlook” published on September 22, 2016, Nasdaq.com published: “Ex-Dividend Reminder: AAON, Suncor Energy and Imperial Oil” on November 28, 2016. More interesting news about Imperial Oil Limited (TSE:IMO) were released by: Business.Financialpost.com and their article: “Imperial Oil Ltd fourth quarter profit plunges 84% on low oil prices” published on February 02, 2016 as well as Business.Financialpost.com‘s news article titled: “Why now is a good time to own Imperial Oil Ltd” with publication date: April 25, 2016.
Imperial Oil Ltd is a Canada-based integrated oil company. The company has a market cap of $36.58 billion. The Firm is engaged in the exploration for, and production and sale of, natural gas and crude oil. It has a 45.24 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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