Research
Imperial Oil Maintained at Hold at TPH Ahead of Q1 Results; Price Target at C$150.00
Tudor, Pickering, Holt on Friday maintained its hold rating of the shares of Imperial Oil (IMO.TO, IMO) with a C$150 price target ahead of the oil producer and refiner's first-quarter results."With our pre-earnings model update this week, we increased our Q1'26 CFPS estimate to C$3.39 from our prior C$2.90, now above Street C$2.97 though recent estimates looking more in-line with current TPHe. While MTM factors aided across the board, Upstream stands out as the driver for our improved earnings estimates, with MTM factors for Downstream partially offset by a true up to or assumptions on capture rate," analyst Jeoffrey Lambujon wrote.Price: $178.16, Change: $+0.68, Percent Change: +0.38%
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