Imperial Oil Limited (USA) (IMO) is Initiated by JP Morgan to Neutral

Imperial Oil Limited (USA) (IMO) was Initiated by JP Morgan to “Neutral”. JP Morgan advised their investors in a research report released on Aug 25, 2016.

Many Wall Street Analysts have commented on Imperial Oil Limited (USA). Imperial Oil Limited (USA) was Initiated by BofA/Merrill to “Underperform” on Aug 19, 2016.

On the company’s financial health, Imperial Oil Limited (USA) reported $-0.21 EPS for the quarter, missing the analyst consensus estimate by $ -0.30 based on the information available during the earnings call on Jul 29, 2016. Analyst had a consensus of $0.09. The company had revenue of $6248.00 million for the quarter.The company’s revenue was down -14.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.14 EPS.

Imperial Oil Limited (USA) opened for trading at $31.33 and hit $31.845 on the upside on Tuesday, eventually ending the session at $31.73, with a gain of 0.92% or 0.29 points. The heightened volatility saw the trading volume jump to 1,97,652 shares. Company has a market cap of $26,894 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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