Imperial Oil Ltd. (AMEX: IMO): Is It A Buying Opportunity Again?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. The stock was recently discussed on Yahoo Finance as it revealed that Imperial declares first quarter 2024 dividend.

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Stocks Info

IMO belongs to the Energy sector of the AMEX while operating in the Oil & Gas Integrated industry. The current market capitalization of Imperial Oil Ltd. is $38.16B. A total of 0.53 million shares were traded on the day, compared to an average of 415.20K shares.

Dividend

Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Imperial Oil Ltd. pays an annual dividend of $1.55, resulting in a dividend yield of 2.18%, and it has a price to earnings (P/E) ratio of 11.32.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. In terms of 52-week highs and lows, IMO has a high of $74.28 and a low of $44.46.

As of this writing, IMO has an earnings estimate of $1.53 per share for the current quarter. EPS was calculated based on a consensus of 4 estimates, with a high estimate of $1.66 per share and a lower estimate of $1.44. The company reported an EPS of $2.05 in the last quarter, which was 3.50% higher than expectations of $1.98.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. IMO’s latest balance sheet shows that the firm has $2.15B in Cash & Short Term Investments as of fiscal 2021. There were $5.32B in debt and $5.55B in liabilities at the time. Its Book Value Per Share was $31.45, while its Total Shareholder’s Equity was $21.73B.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for IMO is Buy with a score of 3.67.

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