Husky Energy (TSE:HSE) had its target price cut by Royal Bank of Canada from C$15.00 to C$12.00 in a research note published on Friday morning, BayStreet.CA reports.
A number of other equities research analysts have also weighed in on HSE. Craig Hallum cut their target price on shares of Husky Energy from C$21.00 to C$18.00 and set a neutral rating on the stock in a research note on Monday, July 8th. Raymond James reaffirmed a market perform rating and set a C$17.00 target price on shares of Husky Energy in a research note on Monday, October 7th. Citigroup cut their target price on shares of Husky Energy from C$14.00 to C$9.50 in a research note on Wednesday, September 4th. GMP Securities cut their target price on shares of Husky Energy from C$14.00 to C$9.75 in a research note on Thursday, August 8th. Finally, CIBC cut their target price on shares of Husky Energy from C$13.00 to C$10.50 in a research note on Tuesday, October 15th. Nine investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus price target of C$15.10.
HSE stock opened at C$9.00 on Friday. The firm’s 50-day moving average price is C$9.23 and its two-hundred day moving average price is C$11.47. Husky Energy has a 12-month low of C$8.48 and a 12-month high of C$20.14. The stock has a market capitalization of $9.05 billion and a price-to-earnings ratio of 6.47. The company has a current ratio of 1.13, a quick ratio of 0.81 and a debt-to-equity ratio of 39.06.
Husky Energy (TSE:HSE) last released its quarterly earnings data on Thursday, July 25th. The company reported C$0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.30 by C$0.06. The firm had revenue of C$5.30 billion during the quarter, compared to analysts’ expectations of C$5.62 billion. Equities analysts predict that Husky Energy will post 0.91 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Tuesday, October 1st were paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 5.56%. The ex-dividend date was Friday, August 30th. Husky Energy’s payout ratio is currently 35.97%.
In other Husky Energy news, Director Robert John Peabody acquired 10,000 shares of the company’s stock in a transaction that occurred on Monday, July 29th. The shares were acquired at an average price of C$10.01 per share, with a total value of C$100,100.00. Following the completion of the purchase, the director now directly owns 195,213 shares of the company’s stock, valued at approximately C$1,954,082.13.
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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