Canadian stock alert

CANA

CLOSING UPDATE: Imperial Oil decreases gains by 0.01% on strong volume 21 September 2018 18:15 EDT

NEWS BITES - NORTH AMERICA

This is an end of day Alert, produced after today's Canadian market close. It concludes the BSS News Bites intra-day Alert series (summaries below).

Imperial Oil, Canada's 2nd largest oil & gas - integrated company by market capitalisation, traded on heavy volume of 2.6 times average today while the price lifted 99.0c (or 2.5%) to trade at CAD40.76. Compared with the S&P/TSX 60 Index which rose 1.4 points (or 0.1%) in the day, this represented a relative price increase of 2.2%.

Technical indicators complementing today's significant uptrend:

+ The stock has outperformed 86% of the Canadian market over the past 6 months.

+ In the last three months the stock has hit a new 52-week high five times, pointing to an uptrend.

+ The price climbed 4.5% in the last week and increased 0.6% in the last month.

Other Bullish Signals include:

+ Interest cover is less leveraged at 8.5 times.

+ Tobin's Q Ratio is 0.8. Compared with the rest of the market the stock is undervalued.

Note

Imperial Oil today is at a discount of 9.2% to the 12-month high of CAD44.91 on 13 Jul, 2018. It is at a premium of 22.5% to the 12-month low of CAD33.28 on 03 Apr, 2018.

Bearish Signals:

The negative 0.54 MACD (Moving Average Convergence Divergence) indicator suggests a bearish signal.

Net profit margin has averaged 4.6% in the last 3 years. This suggests the company is less profitable with a low margin of safety.

As per the Du Pont analysis, Return on Equity is less than stellar at 2.0%. Also, this has deteriorated from 8.7% last year.

Fundamental measures by comparison with the sector average [in brackets] indicate:

Overvaluation:

Price/Earnings of 70.3 [12.3]

Price to Book of 1.4 [0.8]

Dividend yield of 1.7% [2.6%]

Return on Equity 2.0% [7.1%]

Return on Assets 1.2% [3.4%]

Return on Capital Employed 1.8% [4.3%]

TODAY'S ALERT

Afternoon Alert: Imperial Oil lifts 2.5% on robust volume

21 September 2018 14:43 EDT

Imperial Oil Limited (TSX:IMO) traded on heavy volume of 1.5 times average so far today while the price lifted 99.50c (or 2.5%) to trade at CAD40.77.

RECENT ALERTS

CLOSING UPDATE: Imperial Oil inches higher, resistance at 12-day EMA

17 September 2018 18:14 EDT

Imperial Oil, Canada's 2nd largest oil & gas - integrated company by market capitalisation, has increased 0.03% but fell short of the 12-day Exponential Moving Average [EMA] of CAD39.39. Compared with the S&P/TSX 60 Index which rose 4.5 points (or 0.5%) in the day, this represented a relative price change of -0.5%.

Afternoon Alert: Imperial Oil keeps rising: up 3.4% in 4 days

17 September 2018 12:13 EDT

Imperial Oil Limited (TSX:IMO) extended its gains on Monday, rising an additional 29.0c (or 0.7%) to trade at CAD39.28. Trading volume was 94% of average so far today.

Imperial Oil Limited (T:IMO; TSE:IMO; N:IMO; CN:IMO)

ISIN: CA4530384086

PermID: 4295861147

CIK: Imperial Oil Limited

Source: www.BuySellSignals.com