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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.
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