- Imperial Oil’s second-quarter earnings per share (EPS) were C$1.86, surpassing estimates of C$1.64 but lower than the C$2.11 reported the previous year.
- Total revenues and other income stood at C$11.23 billion, representing a 16% decrease compared to the previous year, but exceeding the estimated C$10.15 billion.
- The average production was 427,000 barrels of oil equivalent per day (boe/d), marking a 5.7% increase year over year.
- Refinery throughput reached 376,000 barrels per day (b/d), a slight decline of 2.8% from the previous year.
- Capital expenditure for the period was recorded at C$473 million.
- Analyst recommendations included 3 buys, 12 holds, and 4 sells.
A look at Imperial Oil Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 3 | |
| Growth | 4 | |
| Resilience | 4 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Analysts suggest that Imperial Oil’s long-term outlook appears optimistic based on the Smartkarma Smart Scores. With a solid score for Value and Dividend both at 3, the company is perceived to be fairly valued and offer a stable dividend income to investors. Additionally, with strong scores for Growth, Resilience, and Momentum all at 4, Imperial Oil is viewed to possess growth potential, operational strength during challenging times, and positive price performance momentum, respectively.
Imperial Oil Ltd., focused on producing and refining natural gas and petroleum products with operations primarily in Canada, seems positioned favorably for future growth and resilience. The company’s balanced scores across key factors like Growth, Resilience, and Momentum indicate a well-rounded outlook with potential for sustained performance in the long run.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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