
Imperial Oil (IMO) Stock Forecast & Price Target
Imperial Oil (IMO) Analyst Ratings
Bulls say
Imperial Oil is supported by a premium-quality business profile that justifies its higher valuation, trading at 10.1x 2027E EV/DACF and a 7.4% 2027E FCF yield versus peer averages of 5.9x and 11.0%, while under futures pricing it remains at 8.4x 2026 debt-adjusted cash flow and a 9% equity FCF yield. Its long-life, low-decline upstream assets, combined with cash flow diversification from refining and chemicals, help stabilize earnings and support strong free cash flow generation. The company’s pristine balance sheet, very low cost of debt through ExxonMobil, strong historical ROCE, superior market access, and shareholder-friendly capital return framework further reinforce a positive fundamental outlook.
Bears say
Imperial Oil is facing a cautious outlook because the valuation case remains dependent on commodity-linked cash flow, while the largest risk is unexpected changes in crude oil prices that can quickly pressure earnings and sentiment. The thesis is also weakened by broad operational and regulatory risks, including disappointing drilling results, higher operating and capital costs, supply-demand imbalance, third-party outages, foreign exchange swings, and government actions on royalties, taxes, and environmental policy. Even with EV/DACF and NAV multiples of 9.5x and 1.2x unchanged, only minor operational and financial estimate revisions support the view, suggesting limited fundamental improvement and elevated downside sensitivity.
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
Start investing in Imperial Oil (IMO)
Order type
Buy in
Order amount
Est. shares
0 shares