Imperial Oil Ltd shares have performed well this week, reflecting trends in the energy sector.
This week, Imperial Oil Ltd (IMO.TO) saw a price increase of 4.04%, closing at C$168.64. This movement is linked to several factors affecting the energy sector, including developments in oil sands and pipeline expansions.
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Imperial Oil Ltd
IMO.TO
IMO.TO
Imperial Oil Ltd
WealthAwesomeMarket cap
$83.23B
P/E
29.2x
52W high
$190.81
52W low
$108.98
1W change
+4.04%
Beta
0.82
Analyst Price Targets
Based on analyst covering IMO
Wall Street analysts forecast IMO stock price to fall 11.3% over the next 12 months.
Consensus
Moderately BearishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$152.63
-11.3% Upside
Current Price
C$172.10
Last close
Analyst ratings and price targets are updated periodically. Not financial advice.
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on IMO's historical volatility
30-Day Vol
29.3%
Annualized
90-Day Vol
29.5%
Annualized
Trend (90d)
+12.5%
Annualized drift
90d Mean
C$179.98
Expected price
| Horizon | Expected | 68% Range (1ฯ) |
|---|---|---|
| 30 trading days | C$174.69 | C$157.88 โ C$193.29 |
| 60 trading days | C$177.31 | C$153.67 โ C$204.59 |
| 90 trading days | C$179.98 | C$151.05 โ C$214.45 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ยฑ1ฯ, 95% band = ยฑ2ฯ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
Investor takeaway: While Imperial Oil's stock has shown resilience during market fluctuations, investors should keep an eye on broader economic indicators and industry news that may impact future performance.
Imperial Oil's Stock Surges 4.04% This Week
The stock's performance has been supported by various factors, including industry developments and a solid year-to-date gain of 40.71%.
Bull case
The ongoing expansion of oil sands and pipeline projects could strengthen Imperial Oil's market position, potentially leading to higher revenue and profitability.
Bear case
Analysts have a moderately bearish outlook, with the average target price suggesting a decline from current levels, indicating possible challenges ahead for the stock.
Recent Price Action
Imperial Oil Ltd's stock closed at C$168.64, down 1.63% on the last trading day. However, it has increased by 4.04% over the past week, showing a strong recovery after recent fluctuations.
Company News and Catalysts
Recent news has highlighted developments in the energy sector, especially regarding pipeline expansions and oil sands projects. These initiatives could positively impact Imperial Oil's operations and market position. Notably, discussions about a new West Coast pipeline linked to oil sands expansion have gained attention, which could benefit companies like Imperial Oil.
Technical Picture
From a technical standpoint, Imperial Oil's stock is currently trading below its 50-day moving average of C$170.89, indicating a slight bearish trend in the short term. However, it remains well above its 200-day moving average of C$151.46, suggesting long-term strength. The stock has a 52-week range of C$108.98 to C$190.81, placing it at 73% of this range. The beta of 0.82 indicates lower volatility compared to the market, while the recent trading volume of 251,731 shares is 1.73 times the 20-day average of 561,616 shares, highlighting increased investor interest.
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