Imperial Oil Limited (NYSE AMERICAN:IMO) is among the 13 Best Crude Oil Stocks to Buy According to Analysts.
On April 7, BMO Capital raised the firm’s price target on Imperial Oil Limited (NYSEAMERICAN:IMO) to C$185 from C$129 and kept a Market Perform rating on the shares as part of a broader research note updating energy-sector models to reflect the impact of the Iran conflict and continued oversupply in the North American natural gas market. The firm noted that oil and equity markets remain highly sensitive to geopolitical developments, with downside scenarios pointing to normalized crude prices and upside scenarios implying materially higher prices if supply disruptions persist. For a company like Imperial Oil, which combines upstream production with refining and downstream operations, volatility in commodity markets can create multiple earnings tailwinds across business segments.
Earlier, on March 27, Morgan Stanley raised its price target on Imperial Oil Limited (NYSEAMERICAN:IMO) to C$140 from C$98 and maintained an Equal Weight rating. The bank highlighted that oil, LNG, and refining margins had climbed to their strongest levels since 2022, while its updated commodity assumptions significantly lifted projected EBITDA across North American energy names. That backdrop is especially relevant for Imperial Oil, whose integrated model allows it to benefit not only from higher crude realizations but also from stronger refining economics and resilient fuel demand.
Imperial Oil Limited (NYSEAMERICAN:IMO) is a Canadian energy company, founded in 1880 and headquartered in Calgary, Alberta. Majority-owned by Exxon Mobil, the company benefits from world-class technical expertise, operational discipline, and financial backing while maintaining a distinct Canadian asset base. Imperial holds interests in major oil sands projects, conventional production assets, and an extensive refining and retail network. That combination gives it scale, diversification, and stable cash-generating capacity.
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