The stock of Imperial Oil Limited (AMEX:IMO) increased by $0.55 on Friday to finish at $55.24, up 1.01 percent. The last five days have seen an average of 328,720 shares of common stock traded. 15 times new highs were reached in the current year, with a gain of $6.50. The average number of shares traded over the last 20 days was 454,370, while the average volume over the last 50 days totaled 518,834.
IMO stock appreciated 7.16% since last month. On 07/27/23, the company’s shares reached a one-month low of $51.23. The stock touched a high of $58.99 on 08/21/23, after rallying from a low of $40.20 in 52 weeks. The price of IMO stock has risen by 13.34% or $6.50 this year, reaching a new high 15 times. Still, the stock price is down -6.35% from the 52-week high.
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Financial Health
For the three months ended June 29, Imperial Oil Limited’s quick ratio was 1.30, while its current ratio was 1.50, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.17, and the total debt to equity ratio is 0.17. Based on annual data, it had gross profit of $11.17 billion and revenue of $45.9 billion.
Earnings Surprise
According to Imperial Oil Limited’s quarterly financial report for the quarter that ended June 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $9.05 billion, while revenues fell by -46.43% to $9.28 billion. It was predicted that Imperial Oil Limited’s quarterly earnings would be $0.85, but it ended up being $0.85. EBITDA was $996.72 million for the quarter. At the end of Imperial Oil Limited’s most recent quarter ended June 29, its liabilities totaled 13.61 billion, while its total debt was $4.38 billion. Equity owned by shareholders amounts to $584.15 million.
Technical Picture
Here’s a quick look at Imperial Oil Limited’s (IMO) price momentum from a technical perspective. As of 25 August, the RSI 9-day stood at 57.36%, suggesting the stock is Neutral, with a 20.29% historical volatility rate.
The stochastic %K and %D were 63.73% and 68.37% respectively, while the average true range (ATR) was 1.25. Based on the 14-day stochastic reading of 66.47%, the RSI (14) reading is 58.93%. On the 9-day MACD Oscillator, the stock is at -0.10, and the 14-day reading is at 0.06.
Analyst Ratings
In its analyst report released on July 12, 2023, UBS began covering Imperial Oil Limited (AMEX: IMO). The stock was rated as a Buy by the brokerage firm. Analysts have assigned Imperial Oil Limited (IMO) an Overweight rating. IMO is a stock that is recommended for selling by 1 brokerage firm, while 10 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 7 others recommend it as a buy.
What is IMO’s price target for the next 12 months?
The current consensus forecast for the stock is between $53.09 and $72.93, with a median target price of $57.70. In analyzing these forecasts, the average price target given by analysts for Imperial Oil Limited (IMO) is $59.21.
