
Imperial Oil (IMO) Stock Forecast & Price Target
Imperial Oil (IMO) Analyst Ratings
Bulls say
Imperial Oil Ltd has demonstrated a strong financial performance, evidenced by a 20% increase in its quarterly dividend to $0.72 per share, reflecting a commitment to returning value to shareholders while maintaining a stable common share count of 509 million shares. The company's upgrader utilization rate improved significantly, averaging 97% in 2024, which has been supported by bi-directional pipelines that enhance operational efficiency. Additionally, Imperial's enterprise value experienced an 18% rise, amounting to $54.6 billion as of June 30, 2025, indicating robust market confidence and a positive outlook for the company's future growth.
Bears say
Imperial Oil's financial outlook appears negative, primarily due to a concerning reliance on share repurchases, which have reduced the common share count by approximately 31% since the end of 2020 without a corresponding increase in production capacity. Despite a significant tripling of dividends to $2.88 per share, the company's low capital investment of only $2 billion against a declining natural production rate of 7% at its Cold Lake operations raises questions about its long-term growth sustainability. Additionally, the Upstream segment's production, which comprises mostly oil, remains stagnant at around 445,000 boe/d, suggesting potential challenges in maintaining production levels in the future.
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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