
Imperial Oil (IMO) Stock Forecast & Price Target
Imperial Oil (IMO) Analyst Ratings
Bulls say
Imperial Oil is a subsidiary of Exxon Mobil, operating in Canada as the largest producer of crude oil and petrochemicals. With production solely in Canada, Imperial has aligned interests with Exxon and retains a back-in provision of up to 50% on projects. As a major producer of petrochemicals and the largest refiner and marketer of petroleum products in Canada, Imperial is in a strong position for continued success.
Bears say
Imperial Oil is facing significant risks, including lower production, higher cash taxes, and lower capital spending, which resulted in mixed first-quarter results and a 25% decrease in cash flow. Additionally, the company's cash and cash equivalents balance was negatively impacted by a working capital headwind of $483 million, and its relative valuation appears stretched. The most significant risk to the company's stock price is unexpected changes in crude oil prices. In conclusion, the company's financials and current market conditions support a negative outlook on Imperial Oil's stock.
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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