The current average analyst rating on the shares is "sell" and the breakdown of recommendations is 1 "strong buy" or "buy", 6 "hold" and 9 "sell" or "strong sell"
The average consensus recommendation for the oil & gas refining and marketing peer group is "buy."
Wall Street's median 12-month price target for Imperial Oil Ltd is C$150.00, about 17.1% below its July 30 closing price of C$180.84
The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 22 three months ago
Drivers behind the quarterly results
Higher commodity prices - Co said increased marker prices for bitumen and synthetic crude oil drove earnings growth
Lower upstream volumes - Co attributed reduced Kearl production to absence of exceptional high-quality ore and Syncrude production to extreme rainfall
Downstream turnaround impacts - Planned turnaround work and unplanned downtime at Strathcona refinery reduced throughput and utilization
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