CIBC Lowers Husky Energy (TSE:HSE) Price Target to C$15.50

Husky Energy (TSE:HSE) had its price objective decreased by CIBC from C$16.50 to C$15.50 in a research report sent to investors on Thursday morning, BayStreet.CA reports.

A number of other equities analysts have also commented on the stock. Raymond James reaffirmed a strong-buy rating and set a C$5.25 target price on shares of Precision Drilling in a research report on Wednesday, May 29th. BMO Capital Markets reissued a hold rating and set a $9.50 price objective on shares of Vicon Industries in a report on Friday, June 14th. Goldman Sachs Group lifted their price objective on shares of MEG Energy from C$6.00 to C$7.00 in a report on Tuesday, April 16th. TD Securities lowered shares of Vermilion Energy from a buy rating to a hold rating and set a C$40.00 price objective on the stock. in a report on Thursday, April 18th. Finally, National Bank Financial reissued a sector perform spec overwgt rating on shares of Almaden Minerals in a report on Thursday, June 27th. Nine analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus target price of C$16.97.

Shares of TSE:HSE opened at C$11.27 on Thursday. The stock has a market capitalization of $11.86 billion and a price-to-earnings ratio of 7.66. The stock’s 50 day moving average is C$12.49. Husky Energy has a one year low of C$11.05 and a one year high of C$22.99. The company has a current ratio of 1.17, a quick ratio of 0.86 and a debt-to-equity ratio of 43.04.

Husky Energy (TSE:HSE) last issued its earnings results on Friday, April 26th. The company reported C$0.31 EPS for the quarter, topping the Zacks’ consensus estimate of C$0.26 by C$0.05. The company had revenue of C$4.49 billion for the quarter, compared to analysts’ expectations of C$4.93 billion. On average, sell-side analysts expect that Husky Energy will post 1.19 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 2nd. Investors of record on Tuesday, July 2nd were issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 4.44%. The ex-dividend date was Friday, June 7th. Husky Energy’s payout ratio is 30.59%.

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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Analyst Recommendations for Husky Energy (TSE:HSE)

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