Imperial Oil (IMO) Expected to Announce Quarterly Earnings on Friday

Imperial Oil (NYSEAMERICAN:IMO) (TSE:IMO) is anticipated to issue its quarterly earnings data before the market opens on Friday, January 31st. Analysts expect the company to announce earnings of $1.36 per share and revenue of $11.18 billion for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Imperial Oil Trading Up 0.2 %

Shares of NYSEAMERICAN IMO traded up $0.12 during midday trading on Tuesday, hitting $70.21. The company’s stock had a trading volume of 303,214 shares, compared to its average volume of 566,753. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.23 and a current ratio of 1.44. Imperial Oil has a 1 year low of $55.82 and a 1 year high of $80.17. The firm has a market cap of $35.74 billion, a price-to-earnings ratio of 10.46 and a beta of 1.45.

Imperial Oil Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 1st. Stockholders of record on Tuesday, December 3rd were paid a $0.4304 dividend. This represents a $1.72 annualized dividend and a dividend yield of 2.45%. The ex-dividend date of this dividend was Tuesday, December 3rd. Imperial Oil’s payout ratio is 25.34%.

Wall Street Analysts Forecast Growth

IMO has been the subject of a number of recent research reports. Wolfe Research downgraded shares of Imperial Oil from an “outperform” rating to a “peer perform” rating in a research note on Friday, January 3rd. JPMorgan Chase & Co. downgraded shares of Imperial Oil from a “neutral” rating to an “underweight” rating in a research note on Thursday, December 19th. One analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $109.00.

Imperial Oil Company Profile

Imperial Oil Limited engages in exploration, production, and sale of crude oil and natural gas in Canada. The company operates through three segments: Upstream, Downstream and Chemical segments. The Upstream segment explores and produces crude oil, natural gas, synthetic crude oil, and bitumen. The Downstream segment transports and refines crude oil, blends refined products, and distributes and markets of refined products.