Raymond James Remains a Sell on Imperial Oil (IMO)

In a report released yesterday, Chris Cox from Raymond James maintained a Sell rating on Imperial Oil (IMOResearch Report), with a price target of C$13.00. The company’s shares closed last Monday at $10.54, close to its 52-week low of $7.04.

According to TipRanks.com, Cox is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -9.6% and a 39.7% success rate. Cox covers the Basic Materials sector, focusing on stocks such as Crescent Point Energy, Paramount Resources, and Freehold Royalties.

The word on The Street in general, suggests a Hold analyst consensus rating for Imperial Oil with a $23.47 average price target.

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The company has a one-year high of $30.38 and a one-year low of $7.04. Currently, Imperial Oil has an average volume of 655.9K.

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Imperial Oil Ltd. engages in the provision of integrated oil business. It operates through the following business segments: Upstream, Downstream, Chemical and Corporate and Other. The Upstream segment includes the exploration and production of crude oil, natural gas, synthetic oil, and bitumen. The Downstream segment focuses on refining crude oil into petroleum products. The Chemical segment manufactures and markets hydrocarbon-based chemicals and chemical products. The Corporate and Other segment covers assets and liabilities that do not specifically relate to business segments. The company was founded on September 8, 1880 and is headquartered in Calgary, Canada.