According to The Fly, in a report released today, Dennis Fong from Canaccord Genuity upgraded Imperial Oil Limited (NYSE: IMO) to Buy. The company’s shares opened today at $34.14, close to its 52-week high of $34.56.
According to TipRanks.com, Fong is a 4-star analyst with an average return of 4.4% and a 44.2% success rate. Fong covers the Basic Materials sector, focusing on stocks such as Athabasca Oil Corporation, Freehold Royalties Ltd, and PrairieSky Royalty Ltd.
The the analyst consensus on Imperial Oil Limited is currently a Hold rating.
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The company has a one-year high of $34.56 and a one-year low of $25.91. Currently, Imperial Oil Limited has an average volume of 251.5K.
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Imperial Oil Ltd. engages in the provision of integrated oil business. It operates through the following segment: Upstream, Downstream, and Chemical. The Upstream segment includes the exploration and production of crude oil and its equivalent, and natural gas. The Downstream segment operations consists of the refining of crude oil into petroleum products.
