Husky Energy (OTCMKTS:HUSKF) was downgraded by stock analysts at Canaccord Genuity from a “hold” rating to a “sell” rating in a research report issued on Tuesday, The Fly reports.
A number of other equities analysts have also recently issued reports on HUSKF. Morgan Stanley upgraded shares of Husky Energy from an “underweight” rating to an “equal weight” rating and cut their target price for the stock from $13.50 to $11.00 in a research report on Tuesday, October 22nd. Scotiabank lowered shares of Husky Energy from an “outperform” rating to a “sector perform” rating in a research report on Tuesday. CIBC set a $10.50 price objective on shares of Husky Energy and gave the stock a “hold” rating in a research note on Tuesday, October 15th. Goldman Sachs Group raised shares of Husky Energy to a “sell” rating in a research note on Thursday, September 26th. Finally, Credit Suisse Group restated a “hold” rating and set a $15.00 price objective on shares of Husky Energy in a research report on Wednesday, December 11th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $12.17.
Shares of OTCMKTS HUSKF opened at $7.45 on Tuesday. Husky Energy has a 52 week low of $6.38 and a 52 week high of $13.48. The company’s 50-day moving average price is $7.66 and its 200 day moving average price is $7.55.
About Husky Energy
Husky Energy Inc, together with its subsidiaries, operates as an integrated energy company. It operates through two segments, Upstream and Downstream. The Upstream segment engages in the exploration for, and development and production of crude oil, bitumen, natural gas, and natural gas liquids (NGL); marketing of the company's and other producers' crude oil, natural gas, NGL, sulphur, and petroleum coke; pipeline transportation and blending of crude oil and natural gas; and storage of crude oil, diluent, and natural gas.
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