Imperial Oil (NYSEAMERICAN:IMO) (TSE:IMO) is set to announce its earnings results before the market opens on Friday, August 2nd. Analysts expect the company to announce earnings of $0.64 per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.
Shares of IMO opened at $27.39 on Thursday. Imperial Oil has a 1 year low of $24.29 and a 1 year high of $34.56.
A number of equities analysts have recently issued reports on IMO shares. Zacks Investment Research downgraded Imperial Oil from a “buy” rating to a “hold” rating in a research report on Monday, May 20th. TheStreet raised Imperial Oil from a “c+” rating to a “b-” rating in a research note on Monday, April 22nd. Finally, Credit Suisse Group reaffirmed a “hold” rating on shares of Imperial Oil in a research note on Friday, April 12th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $38.41.
Imperial Oil Limited explores for, produces, and sells crude oil and natural gas in Canada. The company operates through three segments: Upstream, Downstream, and Chemical. The Upstream segment explores for and produces crude oil, natural gas, synthetic oil, and bitumen. As of December 31, 2017, this segment had 450 million oil-equivalent barrels of proved undeveloped reserves.
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