Imperial Oil Gets a Hold Rating from BMO Capital

By Ryan Adsit

Imperial Oil (TSX: IMO), the Materials sector company, was revisited by a Wall Street analyst yesterday. The company received a Hold rating from BMO Capital’s analyst Randy Ollenberger, with a C$43 price target.

According to TipRanks.com, Ollenberger is ranked 0 out of 5 stars with an average return of -6.1% and a 37.4% success rate. Ollenberger covers the Basic Materials sector, focusing on stocks such as Wildhorse Resource Development Corp, Sanchez Energy Corporation, and Spectra Energy Partners.

Currently, the analyst consensus on Imperial Oil is Hold and the average price target is C$43.55, representing a 20.7% upside.

In a report issued on July 20, RBC Capital also reiterated a Hold rating on the stock with a C$41 price target.

The company has a one year high of C$48.72 and a one year low of C$35.85. Currently, Imperial Oil has an average volume of 701.3K.

Imperial Oil Ltd. is an integrated oil company, which engages in the exploration, production and sale of crude oil and natural gas in Canada. It also petroleum refiner, producer and marketer of petroleum products. The company operates its business through following segments: Upstream, Downstream and Chemical.

The company’s shares closed on Friday at C$36.08, close to its 52-week high of C$48.72.