Shares of IMO.A surged to a 52-week high today, reflecting strong investor confidence following PBF Energy's recent quarterly performance. The stock's upward momentum was fueled by a notable recovery in the refining segment, which reported an operating income of $232.3 million, a significant turnaround from the previous year's losses.
Despite a decline in total revenues to $7.7 billion, PBF's results exceeded market expectations, contributing to bullish sentiment around the stock. The gross refining margin per barrel also improved to $9.00, further bolstering the outlook for the company.
Looking ahead, PBF Energy projects throughput volumes to stabilize in Q4 2025, with expectations for increased operational efficiency across its East and West Coast facilities. This positive outlook, combined with the stock's technical breakout, positions IMO.A favorably in the current market landscape.
Wall Street analysts forecast IMO stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for IMO is 82.50 USD with a low forecast of 67.67 USD and a high forecast of 100.78 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
10 Analyst Rating
Wall Street analysts forecast IMO stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for IMO is 82.50 USD with a low forecast of 67.67 USD and a high forecast of 100.78 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
1 Buy
4 Hold
5 Sell
Moderate Sell
Current: 103.470
Low
67.67
Averages
82.50
High
100.78
Current: 103.470
Low
67.67
Averages
82.50
High
100.78
Morgan Stanley
Devin McDermott
Equal Weight
downgrade
$101 -> $98
2026-01-23
Reason
Morgan Stanley
Devin McDermott
Price Target
$101 -> $98
AI Analysis
2026-01-23
downgrade
Equal Weight
Reason
Morgan Stanley analyst Devin McDermott lowered the firm's price target on Imperial Oil to C$98 from C$101 and keeps an Equal Weight rating on the shares. The firm marked its 2026-27 oil price deck for strip as of January 7 in conjunction with its Q4 preview for the E&Ps, oil majors and Canadian producers. The firm expects "fairly clean" Q4 operational updates but lighter cash flow from price realizations, the analyst tells investors in the preview.
JPMorgan
Underweight
downgrade
$110 -> $99
2026-01-20
Reason
JPMorgan
Price Target
$110 -> $99
2026-01-20
downgrade
Underweight
Reason
JPMorgan lowered the firm's price target on Imperial Oil to C$99 from C$110 and keeps an Underweight rating on the shares. The firm adjusted ratings and targets in the integrated oils sector as part of its 2026 outlook. The outlook for the group continues to shaped by supply side risks for oil, but a more constructive outlook downstream, the analyst tells investors in a research note. Amid the rise in geopolitical risks, JPMorgan says the U.S. majors screen more attractive than the Canadian integrateds. It cites relative valuations for the rating changes.
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TD Securities
Sell
downgrade
$107 -> $106
2025-12-16
Reason
TD Securities
Price Target
$107 -> $106
2025-12-16
downgrade
Sell
Reason
TD Securities lowered the firm's price target on Imperial Oil to C$106 from C$107 and keeps a Sell rating on the shares.
BMO Capital
Outperform -> Market Perform
downgrade
$132 -> $129
2025-12-15
Reason
BMO Capital
Price Target
$132 -> $129
2025-12-15
downgrade
Outperform -> Market Perform
Reason
BMO Capital downgraded Imperial Oil to Market Perform from Outperform with a price target of C$129, down from C$132. The shares not reflect a large valuation premium to peers an d offer limited near-term upside, the analyst tells investors in a research note. The firm says that while Imperial continues to boast one of the strongest financial positions, several peers offer more compelling relative value.
About IMO
Imperial Oil Limited is a Canada-based integrated energy company. The Company’s principal business involves exploration for, and production of, crude oil and natural gas; manufacture, trade, transport and sale of crude oil, natural gas, petroleum products, petrochemicals and a variety of specialty products; and pursuit of lower-emission business opportunities including carbon capture and storage, hydrogen, lower-emission fuels, and lithium. Its segments include Upstream, Downstream and Chemical. The Upstream segment is organized and operates to explore for and produce crude oil and its equivalent, and natural gas. The Downstream segment is organized and operates to refine crude oil into petroleum products and to distribute and market these products. The Chemical segment is organized and operates to manufacture and market hydrocarbon-based chemicals and chemical products. The Company's operations include Cold Lake, Kearl, Syncrude, Nanticoke, Sarnia and Strathcona refinery.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
