In a report released yesterday, Tudor Pickering from Tudor Pickering maintained a Hold rating on Imperial Oil (IMO), with a price target of C$49.00. The company’s shares closed last Wednesday at $34.04, close to its 52-week high of $35.20.
The word on The Street in general, suggests a Hold analyst consensus rating for Imperial Oil with a $32.73 average price target, implying a -4.9% downside from current levels. In a report released yesterday, Credit Suisse also maintained a Hold rating on the stock with a C$45.00 price target.
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The company has a one-year high of $35.20 and a one-year low of $11.16. Currently, Imperial Oil has an average volume of 734.4K.
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Imperial Oil Ltd. engages in the provision of integrated oil business. It operates through the following business segments: Upstream, Downstream, Chemical and Corporate and Other. The Upstream segment includes the exploration and production of crude oil, natural gas, synthetic oil, and bitumen. The Downstream segment focuses on refining crude oil into petroleum products. The Chemical segment manufactures and markets hydrocarbon-based chemicals and chemical products. The Corporate and Other segment covers assets and liabilities that do not specifically relate to business segments. The company was founded on September 8, 1880 and is headquartered in Calgary, Canada.
