Hot Stock in Focus: Imperial Oil Limited (NYSE: IMO)

CALGARY, Alberta, June 25, 2019 – Shares of () showed the bearish trend with a lower momentum of -1.87% to $27.83. The company traded total volume of 213.351K shares as contrast to its average volume of 309.15K shares. The company has a market value of $21.94B and about 788.48M shares outstanding.

Imperial Oil Ltd. () reported first-quarter profit of $220.40M. The Calgary, Alberta-based company said it had profit of 29 cents per share. The results did not meet Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 38 cents per share. The oil and gas and petroleum products company posted revenue of $6.0B in the period.

The Company offered net profit margin of 6.00% while its gross profit margin was 20.50%. ROE was recorded as 8.70% while beta factor was 0.93. The stock, as of recent close, has shown the weekly upbeat performance of 3.11% which was maintained at 9.91% in this year.

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