Imperial Oil Limited (IMO) Hits Fresh High: Is There Still Room to Run?

Core Insights - Imperial Oil (IMO) has shown strong stock performance, increasing by 8.8% over the past month and reaching a 52-week high of $92.33, with a year-to-date gain of 47.6% compared to the Zacks Oils-Energy sector's 4.3% and the Zacks Oil and Gas - Integrated - Canadian industry's 14.6% [1] Financial Performance - The company has consistently exceeded earnings expectations, reporting an EPS of $1.34 against a consensus estimate of $1.22 in its last earnings report on August 1, 2025, although it missed revenue estimates by 23.02% [2] - For the current fiscal year, Imperial Oil is projected to achieve earnings of $5.7 per share on revenues of $38.87 billion, reflecting a -13.51% change in EPS and a 3.32% change in revenues. For the next fiscal year, expected earnings are $5.39 per share on revenues of $42.51 billion, indicating a year-over-year change of -5.44% in EPS and 9.35% in revenues [3] Valuation Metrics - The stock trades at 15.9 times current fiscal year EPS estimates, which is above the peer industry average of 15.2 times. On a trailing cash flow basis, it trades at 9.4 times compared to the peer group's average of 7.3 times, positioning Imperial Oil favorably for value investors [7] - The company holds a Value Score of A, with Growth and Momentum Scores of C, resulting in a VGM Score of B, indicating a solid value proposition [6][5] Zacks Rank - Imperial Oil has a Zacks Rank of 2 (Buy), supported by rising earnings estimates, aligning with investment strategies that favor stocks with Zacks Rank of 1 (Strong Buy) or 2 (Buy) and Style Scores of A or B, suggesting potential for further gains in the near future [8]