|Bid||15.30 x 1100|
|Ask||17.99 x 1800|
|Day's Range||16.08 - 16.41|
|52 Week Range||7.04 - 27.90|
|Beta (5Y Monthly)||1.94|
|PE Ratio (TTM)||13.40|
|Earnings Date||Jan 31, 2017 - Feb 06, 2017|
|Forward Dividend & Yield||0.66 (3.95%)|
|Ex-Dividend Date||Sep 03, 2020|
|1y Target Est||32.51|
Thank you for joining us on our second quarter earnings call. This response, along with our strong balance sheet and level of integration, has allowed us to weather this storm without taking on further debt and positions the company well to capture the value of improving market conditions going forward.
Imperial Oil (IMO) delivered earnings and revenue surprises of 24.64% and -13.26%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the stock?
The coronavirus outbreak led to the grounding of flights and brought economies to a standstill, hurting demand for fuel and forcing producers to implement widespread output cuts. Imperial, majority-owned by Exxon Mobil Corp <XOM.N>, said its refineries throughput averaged 278,000 barrels per day, 19% lower than last year, with overall utilization at 66% in the quarter. Prices for the company's U.S. crude fell 53.5% to $27.83 per barrel, while Canadian crude prices dropped about 66% from year-ago levels to $16.73 per barrel.