Canadian stock alert

CANA

CLOSING UPDATE: Imperial Oil keeps rising: up 3.4% in 3 days 17 October 2017 18:16 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, extended its gains on Tuesday, rising an additional 51.0c (or 1.3%) to trade at CAD40.0. Trading volume was 68% of average at the end of the day. The shares have risen CAD1.30 (or 3.4%) over the past three trading days vs. the S&P/TSX 60 Index which has risen 0.6% in the same period.

Technical indicators complementing today's significant uptrend:

+ The positive 0.46 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.

+ The price increased 0.8% in the last week and climbed 4.3% in the last month.

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

Undervaluation:

+ Return on Equity 8.7% [7.0%]

+ Return on Assets 5.2% [3.9%]

+ Return on Capital Employed 6.6% [3.0%]

Other Bullish Signals include:

+ Interest cover is less leveraged at 38.6 times.

+ Total Liabilities/EBITDA of 4 is less than the Joseph Piotroski benchmark of <5.

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

+ As per the Du Pont analysis, Return on Equity of 8.7% is better than sector average of 7.0%.

Note

Imperial Oil today is at a discount of 17.2% to the 12-month high of CAD48.31 on 21 Dec, 2016. It is at a premium of 14.3% to the 12-month low of CAD35.0 on 01 Aug, 2017.

The stock has outperformed 53% of the Canadian market over the past 6 months.

Bearish Signals:

In the last three months the stock has hit a new 52-week low twice.

Net profit margin has averaged 7.5% in the last 3 years. This is lower than the sector average of 7.8% and suggests a low margin of safety.

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

Overvaluation:

Price/Earnings of 16.6 [11.1]

Price/Sales of 1.1 [1.0]

Price to Book of 1.4 [0.9]

Dividend yield of 1.6% [1.9%]

TODAY'S ALERTS

Afternoon Alert: Imperial Oil keeps rising: up 3.1% in 3 days

17 October 2017 14:43 EDT

Imperial Oil Limited (TSX:IMO) extended its gains on Tuesday, rising an additional 42.0c (or 1.1%) to trade at CAD39.91. Trading volume was 1.1 times average so far today. The shares have risen CAD1.21 (or 3.1%) over the past three trading days vs. the S&P/TSX 60 Index which has risen 0.7% in the same period.

Afternoon Alert: Imperial Oil keeps rising: up 2.9% in 3 days

17 October 2017 12:16 EDT

Imperial Oil Limited (TSX:IMO) extended its gains on Tuesday, rising an additional 33.0c (or 0.8%) to trade at CAD39.82. Trading volume was 83% 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