
Imperial Oil (IMO) Stock Forecast & Price Target
Imperial Oil (IMO) Analyst Ratings
Bulls say
Imperial Oil Ltd has demonstrated a positive financial performance with a stable share count of 509 million shares and a significant quarterly dividend increase of 20%, reaching $0.72 per share, which translates to an annualized dividend of $2.88. The company's upstream segment has exhibited enhanced efficiency, with upgrader utilization rising to an average of 97% in 2024 from 94% in 2023, bolstered by improvements in bi-directional pipeline infrastructure. Additionally, Imperial Oil's enterprise value increased by 18% to $54.6 billion as of June 30, 2025, reflecting strong market performance and indicating a robust outlook for the company’s stock.
Bears say
Imperial Oil has experienced a significant reduction in its common share count by approximately 31% since the end of 2020, partially supported by $5.5 billion in share repurchases, while its dividend has tripled to $2.88 per share, yielding 2.2%. The company's upstream production, predominantly oil, averages around 445,000 barrels of oil equivalent per day (boe/d) amid low capital investment of $2 billion this year, raising concerns about sustainable growth given the 7% natural decline rate at the Cold Lake asset. The combination of substantial share buybacks and limited capital expenditures in a declining production environment may signal a reluctance to invest in future growth, presenting a negative outlook for Imperial Oil's long-term financial health.
This aggregate rating is based on analysts' research of Imperial Oil and is not a guaranteed prediction by Public.com or investment advice.
Imperial Oil (IMO) Analyst Forecast & Price Prediction
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