Imperial Oil Ltd (NYSEAMERICAN:IMO) (TSE:IMO) was the recipient of a large increase in short interest during the month of December. As of December 31st, there was short interest totalling 8,420,556 shares, an increase of 5.0% from the December 14th total of 8,019,654 shares. Based on an average daily trading volume, of 391,948 shares, the short-interest ratio is presently 21.5 days.
Imperial Oil stock opened at $26.65 on Friday. Imperial Oil has a 52 week low of $24.29 and a 52 week high of $34.56.
Imperial Oil (NYSEAMERICAN:IMO) (TSE:IMO) last issued its earnings results on Friday, November 2nd. The energy company reported $0.75 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.08. The firm had revenue of $9.73 billion for the quarter, compared to analysts’ expectations of $10.67 billion. The firm’s revenue for the quarter was up 36.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.44 EPS.
IMO has been the subject of several research reports. BMO Capital Markets restated an “average” rating and set a $48.00 price objective on shares of Imperial Oil in a research note on Thursday, November 8th. TheStreet upgraded shares of Imperial Oil from a “c” rating to a “b-” rating in a research report on Friday, October 5th. GMP Securities raised shares of Imperial Oil from a “hold” rating to a “buy” rating in a report on Thursday, November 8th. Goldman Sachs Group raised shares of Imperial Oil from a “sell” rating to a “buy” rating in a report on Friday, October 19th. Finally, Canaccord Genuity raised shares of Imperial Oil from a “hold” rating to a “buy” rating in a research report on Tuesday, October 16th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $43.20.
ILLEGAL ACTIVITY NOTICE: This report was reported by Chaffey Breeze and is the property of of Chaffey Breeze. If you are reading this report on another website, it was illegally stolen and republished in violation of U.S. & international copyright law. The correct version of this report can be read at https://www.chaffeybreeze.com/2019/01/12/imperial-oil-ltd-imo-short-interest-up-5-0-in-december.html.
About Imperial Oil
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.
Recommended Story: Trading Penny Stocks
Receive News & Ratings for Imperial Oil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Imperial Oil and related companies with MarketBeat.com's FREE daily email newsletter.