Imperial Oil Ltd (AMEX:IMO) shares, rose in value on Friday, November 01, with the stock price down by -5.05% to the previous day’s close as strong demand from buyers drove the stock to $70.72.
Actively observing the price movement in the last trading, the stock closed the session at $74.48, falling within a range of $70.395 and $77.27. The value of beta (5-year monthly) was 1.776 whereas the PE ratio was 10.03 over 12-month period. Referring to stock’s 52-week performance, its high was $80.17, and the low was $52.97. On the whole, IMO has fluctuated by -7.08% over the past month.
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With the market capitalization of Imperial Oil Ltd currently standing at about $52.86 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2024-Nov-01. The company’s Forward Dividend Ratio is 1.70, with its dividend yield at 2.40%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 38.83B, with a low estimate of 11.22B and a high estimate of 11.22B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 11.22B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that IMO’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a Hold.
The stock’s technical analysis shows that the PEG ratio is about 1.36, with the price of IMO currently trading nearly -7.12% and -3.23% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 37.01, while the 7-day volatility ratio is showing 3.37% which for the 30-day chart, stands at 2.46%. Furthermore, Imperial Oil Ltd (IMO)’s beta value is 1.46, and its average true range (ATR) is 2.10.
A comparison of Imperial Oil Ltd (IMO) with its peers suggests the former has fared considerably weaker in the market. IMO showed an intraday change of -5.05% in last session, and over the past year, it grew by 21.91%%.
Data on historical trading for Imperial Oil Ltd (AMEX:IMO) indicates that the trading volumes over the past 10 days have averaged 0.33 and over the past 3 months, they’ve averaged 427.89K. According to company’s latest data on outstanding shares, there are 535.84 million shares outstanding.
Nearly 67.54% of Imperial Oil Ltd’s shares belong to company insiders and institutional investors own 25.03% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 16.46 million shares as on 2024-10-15, resulting in a short ratio of 34.13. According to the data, the short interest in Imperial Oil Ltd (IMO) stood at 1011.00 of shares outstanding as of 2024-10-15; the number of short shares registered in 2024-09-13 reached 16.42 million. The stock has risen by 23.66% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the IMO stock heading into the next quarter.
