BidaskClub cut shares of Imperial Oil (NASDAQ:IMO) from a buy rating to a hold rating in a research report report published on Saturday, BidAskClub reports.

Separately, Stifel Firstegy downgraded shares of Imperial Oil from a hold rating to a reduce rating in a research report on Monday, May 4th.

NASDAQ IMO opened at $15.82 on Friday. The company has a fifty day moving average of $16.20 and a 200 day moving average of $18.94. Imperial Oil has a 1 year low of $7.03 and a 1 year high of $28.75.

Imperial Oil (NASDAQ:IMO) last posted its earnings results on Friday, May 1st. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.07. The business had revenue of $4.99 billion for the quarter, compared to analyst estimates of $4.61 billion.

Imperial Oil Company Profile

Imperial Oil Limited explores for, produces, and sells crude oil and natural gas in Canada. The company operates through three segments: Upstream, Downstream, and Chemical. The Upstream segment explores for and produces crude oil, natural gas, synthetic oil, and bitumen. As of December 31, 2017, this segment had 450 million oil-equivalent barrels of proved undeveloped reserves.

Recommended Story: Why do companies issue convertible shares?

Receive News & Ratings for Imperial Oil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Imperial Oil and related companies with MarketBeat.com's FREE daily email newsletter.