Imperial Oil Limited (USA) (IMO) Releases Earnings Results, Misses Expectations By $-0.18 EPS

Imperial Oil Limited (USA) (IMO) reported quarterly earnings results on Friday, Apr-29-2016. The company reported $-0.12 earnings per share for the quarter, missing the analyst consensus estimate by $-0.18. Analysts had a consensus of $0.06. The company posted revenue of $5222.00 million in the period. The company’s revenue was down -15.8% compared to the same quarter last year.

Many Wall Street Analysts have commented on Imperial Oil Limited (USA). Imperial Oil Limited (USA) was Initiated by Morgan Stanley to “Underweight” on Apr 5, 2016. Company shares were Reiterated by RBC Capital Mkts on Mar 10, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 46 from a previous price target of $44 .

Imperial Oil Limited (USA) opened for trading at $33.31 and hit $33.607 on the upside on Wednesday, eventually ending the session at $33.11, with a gain of 0.03% or 0.01 points. The heightened volatility saw the trading volume jump to 2,79,054 shares. Company has a market cap of $28,064 M.

Imperial Oil Limited is an integrated oil company. The Company is engaged in the exploration for and production and sale of crude oil and natural gas. The Company’s operations are conducted in three main segments: Upstream Downstream and Chemical. Upstream operations include the exploration for and production of crude oil natural gas synthetic oil and bitumen. Downstream operations consist of the transportation and refining of crude oil blending of refined products and the distribution and marketing of those products. Chemical operations consist of the manufacturing and marketing of various petrochemicals. The Company’s Chemical operations manufacture and market ethylene benzene aromatic and aliphatic solvents plasticizer intermediates and polyethylene resin.

Imperial Oil Limited (USA)

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