RBC Capital Reaffirms Their Hold Rating on Imperial Oil (IMO)

RBC Capital analyst Gregory Pardy maintained a Hold rating on Imperial Oil yesterday. The company’s shares closed yesterday at $90.75.

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Pardy covers the Energy sector, focusing on stocks such as Ovintiv, Canadian Natural, and Imperial Oil. According to TipRanks, Pardy has an average return of 20.2% and a 63.64% success rate on recommended stocks.

In addition to RBC Capital, Imperial Oil also received a Hold from Scotiabank’s Kevin Fisk in a report issued on September 30. However, on the same day, Desjardins maintained a Sell rating on Imperial Oil (NYSE MKT: IMO).

Based on Imperial Oil’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $11.21 billion and a net profit of $949 million. In comparison, last year the company earned a revenue of $13.35 billion and had a net profit of $1.13 billion

Based on the recent corporate insider activity of 63 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of IMO in relation to earlier this year.