Desjardins raises target for Imperial Oil stock to CAD 165.00

Published on 10/07/2026 at 14:52 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter net income reached CAD 2.19 billion from CAD 949.00 million. Imperial Oil stock trades at EUR 109.58 on October 7, 2026 versus EUR 108.23.

IMO, CA4530384086, Illustration mit AI erstellt.

Imperial Oil Limited (ISIN CA4530384086) was trading at EUR 109.58 at Lang & Schwarz on October 7, 2026 at 2:41 p.m. CEST, up 1.25 percent versus the prior close of EUR 108.23. The latest analyst action came on September 25, 2026, when Desjardins Securities raised its target from CAD 160.00 to CAD 165.00 while maintaining a Hold rating, according to The Globe and Mail.

Target rises as earnings strengthen

Imperial's second-quarter 2026 U.S. GAAP net income was CAD 2.19 billion, compared with CAD 949.00 million in the second quarter of 2025. The company reported diluted earnings per share of CAD 4.52, up from CAD 1.86, according to Imperial Oil in its July 31, 2026 release.

Operating cash flow reached CAD 2.704 billion in the second quarter, up from CAD 1.465 billion a year earlier. Free cash flow was CAD 2.234 billion, compared with CAD 993.00 million in the second quarter of 2025, giving the company room to maintain shareholder distributions and accelerate its share repurchase plan.

Refinery guidance carries the risk

The earnings release also lowered 2026 refinery throughput guidance from 395,000-405,000 barrels per day to 370,000-380,000 barrels per day. Refinery utilization guidance fell from 91-93 percent to 85-88 percent after unplanned downtime and a short-term rail logistics issue at Strathcona.

That operating contrast matters for the target revision. Upstream production averaged 414,000 gross oil-equivalent barrels per day in the second quarter, while refinery utilization was 76 percent, down from 87 percent a year earlier. Imperial therefore combines stronger commodity-linked earnings with a material downstream execution issue.

Stock price and investor view

The Lang & Schwarz price of EUR 109.58 on October 7, 2026 at 2:41 p.m. CEST stood EUR 1.35 above the prior close of EUR 108.23, a gain of 1.25 percent. The primary listing is on the Toronto Stock Exchange, where Imperial identifies the ticker as IMO.TO and reports in Canadian dollars.

For investors, the central comparison is between the CAD 165.00 target and the revised refinery outlook. The target increase signals that stronger upstream economics and cash generation remain important, but the lower throughput range shows why operating execution still matters for the next valuation step. The further course of trading is shown by the continuously updated real-time quote of Imperial Oil stock.