RBC Capital analyst Gregory Pardy maintained a Hold rating on Imperial Oil Limited (IMO) today and set a price target of C$37.00. The company’s shares closed last Monday at $24.62, close to its 52-week low of $23.66.
According to TipRanks.com, Pardy is a 2-star analyst with an average return of -0.1% and a 44.9% success rate. Pardy covers the Basic Materials sector, focusing on stocks such as Baytex Energy Corp, Cenovus Energy Inc, and Canadian Natural.
Currently, the analyst consensus on Imperial Oil Limited is a Moderate Sell with an average price target of $31.70, representing a 27.7% upside. In a report issued on October 7, AltaCorp Captial also upgraded the stock to Hold with a C$44.00 price target.
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Based on Imperial Oil Limited’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $906 million. In comparison, last year the company had a net profit of $573 million.
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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.
