Imperial Oil (IMO) Receives a Rating Update from a Top Analyst
RBC Capital analyst Gregory Pardy maintained a Sell rating on Imperial Oil today and set a price target of C$124.00.
Easter Sale - 70% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Pardy covers the Energy sector, focusing on stocks such as Imperial Oil, Canadian Natural, and Suncor Energy. According to TipRanks, Pardy has an average return of 23.5% and a 65.53% success rate on recommended stocks.
In addition to RBC Capital, Imperial Oil also received a Sell from J.P. Morgan’s Arun Jayaram in a report issued today. However, on the same day, UBS assigned a Buy rating to Imperial Oil (NYSE MKT: IMO).
Based on Imperial Oil’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of C$11.28 billion and a net profit of C$492 million. In comparison, last year the company earned a revenue of C$12.7 billion and had a net profit of C$1.23 billion
Based on the recent corporate insider activity of 65 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of IMO in relation to earlier this year.
Read More on IMO:
Disclaimer & DisclosureReport an Issue
- Imperial Oil price target raised to C$185 from C$129 at BMO Capital
- Imperial Oil price target raised to C$126 from C$107 at Raymond James
- Imperial Oil price target raised to C$140 from C$98 at Morgan Stanley
- Imperial Oil price target raised to C$130 from C$110 at Scotiabank
- The Week That Was, The Week Ahead: Macro and Markets, Mar. 1
