Husky Energy (TSE:HSE) Sets New 1-Year Low at $9.67

Husky Energy Inc. (TSE:HSE)’s share price hit a new 52-week low on Thursday . The stock traded as low as C$9.67 and last traded at C$9.68, with a volume of 1385986 shares trading hands. The stock had previously closed at C$10.24.

Several brokerages recently weighed in on HSE. Canaccord Genuity lowered their price objective on Husky Energy from C$16.00 to C$14.00 in a report on Tuesday, July 9th. TD Securities lowered their price objective on Husky Energy from C$16.00 to C$15.50 and set a “buy” rating for the company in a report on Friday, July 26th. GMP Securities lowered Husky Energy from a “buy” rating to a “hold” rating and lowered their price objective for the company from C$16.00 to C$14.00 in a report on Friday, June 28th. Eight Capital lowered their price objective on Husky Energy from C$16.00 to C$15.00 in a report on Wednesday, May 29th. Finally, Royal Bank of Canada decreased their target price on Husky Energy from C$17.00 to C$15.00 in a research note on Thursday, July 18th. Nine investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Husky Energy currently has a consensus rating of “Hold” and an average price target of C$16.38.

The company has a debt-to-equity ratio of 39.06, a current ratio of 1.13 and a quick ratio of 0.81. The company has a 50-day moving average of C$11.93. The firm has a market cap of $9.68 billion and a price-to-earnings ratio of 6.93.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Tuesday, October 1st will be given a dividend of $0.125 per share. The ex-dividend date is Friday, August 30th. This represents a $0.50 annualized dividend and a dividend yield of 5.19%. Husky Energy’s dividend payout ratio is presently 35.97%.

In other Husky Energy news, Director Robert John Peabody acquired 10,000 shares of Husky Energy stock in a transaction dated Monday, July 29th. The stock was acquired at an average cost of C$10.01 per share, for a total transaction of C$100,100.00. Following the completion of the transaction, the director now owns 195,213 shares in the company, valued at approximately C$1,954,082.13.

About Husky Energy (TSE:HSE)

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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