
Imperial Oil (IMO) Stock Forecast & Price Target
Imperial Oil (IMO) Analyst Ratings
Bulls say
Imperial Oil Ltd has demonstrated robust financial performance marked by a stable common share count of 509 million shares and a significant 20% increase in its quarterly dividend to $0.72 per share ($2.88 annualized). Enhanced upgrader utilization, averaging 97% in 2024 compared to 94% in 2023, has positively impacted the company's operations, benefitting from optimized feedstocks through bi-directional pipelines. Moreover, the company's enterprise value experienced an 18% rise, increasing by $8.4 billion to reach $54.6 billion as of June 30, 2025, underscoring its strong market position and growth potential.
Bears say
The fundamental reasons for the negative outlook on Imperial Oil's stock include a significant reduction in common shares, which fell by approximately 31% since the end of 2020, along with a substantial $5.5 billion in share repurchases that may indicate a lack of growth opportunities. Despite the dividend tripling to $2.88 per share, the low capital investment of $2 billion and a natural decline rate of 7% in its Cold Lake operations raise concerns about the sustainability and future production levels. Additionally, the company's upstream production, mainly consisting of low-decline oil, presents challenges for maintaining growth amidst a backdrop of declining production capacity and underinvestment.
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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