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RBC Capital Sticks to Its Hold Rating for Imperial Oil (IMO)

Tipranks - Tipranks - Wed Jan 14, 8:00PM CST

RBC Capital analyst Gregory Pardy maintained a Hold rating on Imperial Oil yesterday and set a price target of C$116.00.

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According to TipRanks, Pardy is a 5-star analyst with an average return of 20.8% and a 63.70% success rate. Pardy covers the Energy sector, focusing on stocks such as Cenovus Energy, Athabasca Oil, and Baytex Energy.

In a report released on January 9, National Bank also maintained a Hold rating on the stock with a C$127.00 price target.

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Based on Imperial Oil’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of C$11.63 billion and a net profit of C$539.76 million. In comparison, last year the company earned a revenue of C$13.22 billion and had a net profit of C$1.24 billion

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