Imperial Oil Ltd has experienced slight declines this week amidst broader market trends.
This week, Imperial Oil Ltd (IMO.TO) saw its stock price dip by 0.67%, closing at C$182.00, down 1.18% on Friday. As the energy sector faces various challenges, investors are keenly watching developments that could impact future performance.
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Imperial Oil Ltd
IMO.TO
IMO.TO
Imperial Oil Ltd
WealthAwesomeMarket cap
$88.01B
P/E
21.3x
Div. yield
1.73%
Div. / share
$3.18
52W high
$191.22
52W low
$113.57
1W change
-0.67%
Beta
0.82
Analyst Price Targets
Based on analyst covering IMO
Wall Street analysts forecast IMO stock price to fall 13.6% over the next 12 months.
Consensus
Moderately BearishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$157.24
-13.6% Upside
Current Price
C$182.00
Last close
Analyst ratings and price targets are updated periodically. Not financial advice.
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on IMO's historical volatility
30-Day Vol
24.9%
Annualized
90-Day Vol
29.5%
Annualized
Trend (90d)
+39.0%
Annualized drift
90d Mean
C$209.16
Expected price
| Horizon | Expected | 68% Range (1ฯ) |
|---|---|---|
| 30 trading days | C$190.64 | C$174.93 โ C$207.76 |
| 60 trading days | C$199.69 | C$176.82 โ C$225.51 |
| 90 trading days | C$209.16 | C$180.22 โ C$242.76 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ยฑ1ฯ, 95% band = ยฑ2ฯ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
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Investor takeaway: While Imperial Oil has shown strong year-to-date growth of nearly 49%, recent price action and analyst outlook suggest a cautious approach may be warranted.
Imperial Oil's Stock Down 1.18% on Friday, Up 48.80% YTD
With a 52-week range of C$113.57 to C$191.22, the stock is currently trading at 88% of its range, indicating potential volatility.
Bull case
The company boasts a solid profit margin of 8.1% and a return on equity (ROE) of 16.8%, reflecting its operational efficiency. Given its strong performance this year, Imperial Oil continues to be a significant player in the energy sector.
Bear case
Despite its strong fundamentals, the average analyst target of C$157.24 suggests a potential downside of 13.6% from the current price, indicating a moderately bearish outlook.
Recent Price Action
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This week, Imperial Oil Ltd (IMO.TO) saw its stock price decrease by 0.67%, closing at C$182.00 on Friday, following a 1.18% drop on the same day. This decline comes amidst broader market trends affecting the energy sector, as investors remain cautious.
Company News and Developments
Recent headlines have focused on the resilience of companies within the energy sector, including Cenovus, which has been highlighted for its low-cost base and downstream integration. While there is no direct news impacting Imperial Oil this week, the overall sentiment in the sector may influence its stock performance.
Technical Picture
Looking at the technical indicators, Imperial Oil's stock is currently trading above its 50-day moving average of C$176.10, representing a 3.3% premium. The 200-day moving average stands at C$161.15, indicating a 12.9% premium. The stock's 52-week range is C$113.57 to C$191.22, with the current price at 88% of this range. The beta of 0.82 suggests that the stock is less volatile than the broader market. Recent trading volume of 724,637 shares is above the 20-day average of 635,665 shares, indicating increased investor interest.
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