Raymond James upgraded Imperial Oil (NYSE:IMO) from Market Perform to Outperform in a statement released earlier today.
- Updated: September 24, 2016
Raymond James has upgraded Imperial Oil (NYSE:IMO) from Market Perform to Outperform in a statement released on 9/22/2016.
Boasting a price of $29.97, Imperial Oil (NYSE:IMO) traded -1.92% lower on the day. With the last close down -4.85% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Imperial Oil has recorded a 50-day average of $30.88 and a two hundred day average of $31.63. Trade Volume was up over the average, with 166,669 shares of IMO changing hands over the typical 144,511
With a total market value of $0, Imperial Oil has one year low of $25.55 and a one year high of $35.48 with a price-earnings ratio of 113.16 .
A total of 2 equity analysts have issued a ratings update on Imperial Oil. zero analysts rating the stock a strong buy, 0 brokerages rating the company a buy, 3 firms rating the stock a hold, zero equity analysts rating the company a underperform, and finally zero analysts rating the company a sell with a 12-month price target of $36.79.
General Company Details For Imperial Oil (NYSE:IMO)
Imperial Oil Ltd is a Canada-based integrated oil company. The Company is engaged in the exploration for, and production and sale of, crude oil and natural gas. The Company's operations are conducted in three segments: Upstream, Downstream and Chemical. Upstream operations include the exploration for, and production of, crude oil, natural gas, synthetic oil and bitumen. Downstream operations consist of the transportation and refining of crude oil, blending of refined products and the distribution and marketing of those products. Chemical operations consist of the manufacturing and marketing of various petrochemicals. The Company holds an interest in the Kearl oil sands project, a joint venture with ExxonMobil Canada Properties. The Kearl project recovers shallow deposits of oil sands using open-pit mining methods. The Company transports its crude oil production and third-party crude oil required to supply refineries by contracted pipelines, common carrier pipelines and rail.
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