Husky Energy (TSE:HSE) was downgraded by equities researchers at Canaccord Genuity from a “hold” rating to a “sell” rating in a report issued on Tuesday, BayStreet.CA reports. They currently have a C$10.00 price objective on the stock, up from their previous price objective of C$9.50. Canaccord Genuity’s price target would suggest a potential upside of 6.84% from the stock’s previous close.
HSE has been the subject of several other research reports. JPMorgan Chase & Co. lifted their price target on Husky Energy from C$10.00 to C$10.50 in a research note on Monday, December 9th. CSFB reduced their price objective on Husky Energy from C$16.00 to C$15.00 in a research report on Friday, November 22nd. CIBC reduced their price objective on Husky Energy from C$13.00 to C$10.50 in a research report on Tuesday, October 15th. AltaCorp Capital reissued a “sector perform” rating on shares of Husky Energy in a report on Tuesday, October 15th. Finally, Raymond James restated a “market perform” rating and issued a C$11.00 target price on shares of Husky Energy in a research report on Tuesday, December 3rd. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and one has given a buy rating to the stock. Husky Energy currently has an average rating of “Hold” and a consensus target price of C$12.33.
HSE stock opened at C$9.36 on Tuesday. The company has a current ratio of 1.13, a quick ratio of 0.80 and a debt-to-equity ratio of 38.69. The company’s 50 day moving average is C$10.07 and its 200 day moving average is C$9.93. The stock has a market cap of $9.78 billion and a price-to-earnings ratio of 8.40. Husky Energy has a 1-year low of C$8.48 and a 1-year high of C$18.05.
Husky Energy (TSE:HSE) last announced its earnings results on Thursday, October 24th. The company reported C$0.25 earnings per share for the quarter, meeting analysts’ consensus estimates of C$0.25. The company had revenue of C$5.36 billion during the quarter, compared to analysts’ expectations of C$5.30 billion. As a group, sell-side analysts forecast that Husky Energy will post 0.8000001 EPS for the current fiscal year.
Husky Energy Company Profile
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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