J.P. Morgan keeps Sell rating on Imperial Oil stock at CAD 167.00

Published on 10/19/2026 at 09:09 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

J.P. Morgan keeps a Sell rating with a CAD 167.00 target. Imperial Oil stock costs EUR 118.18 on October 19, 2026, before October 30 results.

Targets and quarterly evidence

J.P. Morgan maintained a Sell rating and set a CAD 167.00 target on October 17, 2026.
Second-quarter 2026 revenue reached CAD 15.98 billion and net income was CAD 2.19 billion.
Imperial Oil stock traded at EUR 118.18 at 9:07 a.m. CEST at Lang & Schwarz on October 19, 2026.

IMO, CA4530384086, Illustration mit AI erstellt.

Imperial Oil (ISIN CA4530384086) was trading at EUR 118.18 at Lang & Schwarz on October 19, 2026 at 9:07 a.m. CEST. Business Insider reported on October 17, 2026 that J.P. Morgan maintained a Sell rating and set a CAD 167.00 price target.

Analyst targets stay cautious

The J.P. Morgan target followed a series of cautious views. According to Business Insider, CIBC raised its target from CAD 150.00 to CAD 160.00 on October 9, 2026 while keeping an Underperformer rating. Business Insider said RBC Capital maintained a Sell rating and a CAD 133.00 target in a report dated October 13, 2026.

What did the second quarter deliver?

Imperial Oil reported CAD 15.98 billion in revenue and CAD 2.19 billion in net income for the second quarter of 2026. Revenue was CAD 12.42 billion in the first quarter of 2026, while net income was CAD 940.00 million, making the second quarter increase CAD 3.56 billion in revenue and CAD 1.25 billion in net income.

The earnings call transcript showed upstream production of 414,000 barrels of oil equivalent per day in the second quarter, refinery throughput of 331,000 barrels per day and operating cash flow of CAD 2.70 billion. Management also said full-year upstream production guidance stood toward the low end of its range after the first half of 2026, according to Yahoo Finance on September 24, 2026.

Three dated stock events

On July 31, 2026, Imperial Oil reported second-quarter net income of CAD 2.19 billion. On October 9, 2026, CIBC raised its target from CAD 150.00 to CAD 160.00. On October 17, 2026, J.P. Morgan maintained a Sell rating and set a CAD 167.00 target.

Next reporting date

The next substantiated date is October 30, 2026, when Imperial Oil is scheduled to report third-quarter results before the open, according to MarketWatch.

Targets frame the stock

The current analyst targets sit below the latest Canadian close cited in the research coverage, leaving valuation and production guidance as the central questions before the October 30 report.

Imperial Oil was trading at EUR 118.18 at Lang & Schwarz on October 19, 2026 at 9:07 a.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Imperial Oil stock.