Imperial Oil Ltd. (AMEX: IMO): Reassessing Prospects

Imperial Oil Ltd. (IMO) concluded trading on Thursday at a closing price of $69.13, with 0.35 million shares of worth about $24.27 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 10.84% during that period and on March 28, 2024 the price saw a gain of about 0.70%. Currently the company’s common shares owned by public are about 535.84M shares, out of which, 162.80M shares are available for trading.

Stock saw a price change of 2.32% in past 5 days and over the past one month there was a price change of 11.37%. Year-to-date (YTD), IMO shares are showing a performance of 20.88% which increased to 41.78% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $44.46 but also hit the highest price of $69.46 during that period. The average intraday trading volume for Imperial Oil Ltd. shares is 419.86K. The stock is currently trading 4.59% above its 20-day simple moving average (SMA20), while that difference is up 12.50% for SMA50 and it goes to 21.04% higher than SMA200.

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Imperial Oil Ltd. (AMEX: IMO) currently have 535.84M outstanding shares and institutions hold larger chunk of about 25.20% of that.

The stock has a current market capitalization of $37.04B and its 3Y-monthly beta is at 1.50. PE ratio of stock for trailing 12 months is 10.99, while it has posted earnings per share of $6.29 in the same period. It has Quick Ratio of 0.81 while making debt-to-equity ratio of 0.19. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for IMO, volatility over the week remained 1.57% while standing at 1.82% over the month.

Analysts are in expectations that Imperial Oil Ltd. (IMO) stock would likely to be making an EPS of $1.58 in the current quarter, while forecast for next quarter EPS is $1.27 and it is $6.61 for next year. For the current quarter EPS, analysts have given the company a lowest target $1.44 which is $1.72 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $1.61 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 1.88% while it is estimated to increase by 5.51% in next year. EPS is likely to shrink at an annualized rate of -7.36% for next 5-years, compared to annual growth of 23.26% made by the stock over the past 5-years.

On July 12, 2023, UBS Initiated their recommendations, while on April 12, 2023, RBC Capital Mkts Downgrade their ratings for the stock with a price target of $78. Stock get a Sector outperform rating from Scotiabank on March 21, 2023.

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