Raymond James upgraded Imperial Oil (TSE:IMO) from Market Perform to Outperform in a statement released earlier today.
- Updated: September 22, 2016
Boasting a price of $40.13, Imperial Oil (TSE:IMO) traded 2.40% higher on the day. With the last stock price close down -2.39% 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 $40.22 and a two hundred day average of $41.15. Volume of trade was up over the average, with 1,207,232 shares of IMO changing hands over the typical 503,594
Raymond James has upgraded Imperial Oil (TSE:IMO) from Market Perform to Outperform in a statement released on 09/22/2016.
On Monday September 12, 2016, Imperial Oil Ltd released a statement for Imperial Oil (TSE:IMO) bumped up the target price from $43.00 to $45.00 that suggested an upside of 0.13%.
With a total market value of $0, Imperial Oil has price-earnings ratio of 114.77 with a one year low of $37.25 and a one year high of $46.27 .
A total of 15 equity analysts have released a ratings update on IMO. zero equity analysts rating the company a strong buy, three equity analysts rating the company a buy, ten equity analysts rating the company a hold, two equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $34.36.
Brief Synopsis About Imperial Oil (TSE: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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