Raymond James upgraded Imperial Oil (NYSEMKT:IMO) from Mkt Perform to Outperform in a report released today.
- Updated: September 22, 2016
Yesterday Imperial Oil (NYSEMKT:IMO) traded 0.47% higher at $29.97. The company’s 50-day moving average is $30.88 and its 200-day moving average is $31.67. The last closing price is down -5.36% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time period. 308,118 shares of IMO traded, up from an avg. volume of 133,688
Raymond James has upgraded Imperial Oil (NYSEMKT:IMO) from Mkt Perform to Outperform in a report released on 9/22/2016.
With a total market value of $0, Imperial Oil has price-earnings ratio of 112.67 with a one year low of $25.55 and a one year high of $35.48 .
A total of 2 brokers have released a report on Imperial Oil. zero equity analysts rating the company a strong buy, zero firms rating the stock a buy, 3 firms rating the stock a hold, 0 brokers rating the company a underperform, and finally zero brokerages rating the company a sell with a 12-month price target of $36.79.
Brief Synopsis About Imperial Oil (NYSEMKT: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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