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Imperial Oil Ltd. has bounced off its summer lows and is currently testing fresh 52-week highs. The move comes despite the company in early August reporting a slight dip in adjusted second-quarter earnings per share and as West Texas Intermediate oil prices trade at less than $100 (U.S.) a barrel.
Is the recent rally in Imperial Oil shares justified?
This report provides a detailed analysis that investors may want to review before buying or selling the stock.
StockReports+ gives each stock an average score that combines the quantitative analysis of six widely-used investment decision-making tools: earnings, fundamentals, relative valuation, risk, price momentum and insider trading. Imperial Oil’s score is 9, which places it within the top 15 per cent of stocks scored.
Read more in this comprehensive report.
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