Imperial Oil Limited (USA) (IMO) is Upgraded by Raymond James to Outperform

Imperial Oil Limited (USA) (IMO) was Upgraded by Raymond James to ” Outperform”. Earlier the firm had a rating of “Mkt Perform ” on the company shares. Raymond James advised their investors in a research report released on Sep 22, 2016.

Many Wall Street Analysts have commented on Imperial Oil Limited (USA). Imperial Oil Limited (USA) was Initiated by JP Morgan to “Neutral” on Aug 25, 2016. 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) closed down -0.2 points or -0.67% at $29.83 with 1,80,990 shares getting traded on Tuesday. Post opening the session at $29.95, the shares hit an intraday low of $29.83 and an intraday high of $30.33 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

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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