Husky Energy (TSE:HSE) had its price objective dropped by equities researchers at TD Securities from C$16.00 to C$15.50 in a report released on Friday, BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. TD Securities’ price objective would indicate a potential upside of 49.04% from the stock’s current price.
Several other research firms have also weighed in on HSE. Raymond James restated a “strong-buy” rating and set a C$5.25 price target on shares of Precision Drilling in a research report on Wednesday, May 29th. GMP Securities restated a “buy” rating and set a $22.25 price target on shares of SPDR Wells Fargo Preferred Stock ETF in a research report on Friday, June 28th. Eight Capital dropped their price target on Husky Energy from C$16.00 to C$15.00 in a research report on Wednesday, May 29th. Goldman Sachs Group lifted their price target on MEG Energy from C$6.00 to C$7.00 in a research report on Tuesday, April 16th. Finally, National Bank Financial restated a “sector perform spec overwgt” rating on shares of Almaden Minerals in a research report on Thursday, June 27th. Nine analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Husky Energy has an average rating of “Hold” and a consensus price target of C$16.38.
Shares of HSE traded down C$0.32 during trading hours on Friday, reaching C$10.40. 1,081,302 shares of the company’s stock traded hands, compared to its average volume of 2,030,560. The company has a market capitalization of $10.85 billion and a PE ratio of 7.07. The company has a debt-to-equity ratio of 43.04, a quick ratio of 0.86 and a current ratio of 1.17. Husky Energy has a 12 month low of C$10.38 and a 12 month high of C$22.99. The firm’s 50 day simple moving average is C$12.32.
Husky Energy (TSE:HSE) last announced its quarterly 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 during the quarter, compared to analysts’ expectations of C$4.93 billion. Analysts expect that Husky Energy will post 1.19 earnings per share for the current year.
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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