Zacks Research Raises Earnings Estimates for Imperial Oil

Imperial Oil Limited (TSE:IMO) (NYSEMKT:IMO) – Equities researchers at Zacks Research upped their Q4 2024 earnings estimates for shares of Imperial Oil in a report issued on Wednesday, January 15th. Zacks Research analyst R. Department now anticipates that the company will post earnings per share of $1.77 for the quarter, up from their previous estimate of $1.73. 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 Q1 2025 earnings at $1.40 EPS, Q3 2025 earnings at $1.52 EPS, FY2025 earnings at $6.09 EPS, Q1 2026 earnings at $2.10 EPS, Q2 2026 earnings at $2.04 EPS, Q3 2026 earnings at $1.47 EPS, Q4 2026 earnings at $2.30 EPS and FY2026 earnings at $7.91 EPS.

Other equities research analysts have also recently issued reports about the company. Wolfe Research cut Imperial Oil from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 3rd. BMO Capital Markets boosted their price objective on Imperial Oil from C$115.00 to C$120.00 in a research note on Friday, October 4th. National Bankshares cut their price target on shares of Imperial Oil from C$115.00 to C$112.00 in a report on Friday, September 27th. Raymond James raised their target price on shares of Imperial Oil from C$101.50 to C$104.00 in a research note on Friday, December 13th. Finally, JPMorgan Chase & Co. lifted their price target on Imperial Oil from C$97.00 to C$100.00 in a research note on Wednesday, November 13th. Ten equities research analysts have rated the stock with a hold rating, According to MarketBeat.com, Imperial Oil presently has a consensus rating of “Hold” and a consensus price target of C$103.90.

Imperial Oil Price Performance

IMO opened at C$98.80 on Friday. The firm’s fifty day moving average price is C$98.08 and its two-hundred day moving average price is C$98.39. The company has a market capitalization of C$52.94 billion, a price-to-earnings ratio of 10.36, a P/E/G ratio of 0.21 and a beta of 1.78. The company has a debt-to-equity ratio of 18.27, a current ratio of 1.40 and a quick ratio of 0.98. Imperial Oil has a 1 year low of C$73.81 and a 1 year high of C$108.89.

Imperial Oil Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 1st. Shareholders of record on Wednesday, January 1st were paid a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 2.43%. The ex-dividend date was Tuesday, December 3rd. Imperial Oil’s payout ratio is currently 25.16%.

Insider Activity at Imperial Oil

In other news, Director Bradley William Corson purchased 4,800 shares of the stock in a transaction dated Thursday, December 12th. The shares were acquired 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 company 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.