Husky Energy (TSE:HSE) Given “Market Perform” Rating at Raymond James

Husky Energy (TSE:HSE)‘s stock had its “market perform” rating restated by equities research analysts at Raymond James in a report released on Tuesday, BayStreet.CA reports. They currently have a C$11.00 price objective on the stock. Raymond James’ price objective points to a potential upside of 18.41% from the company’s previous close.

Several other brokerages also recently issued reports on HSE. AltaCorp Capital restated a “sector perform” rating on shares of Husky Energy in a research note on Tuesday, October 15th. CSFB cut their target price on shares of Husky Energy from C$16.00 to C$15.00 in a research note on Friday, November 22nd. Citigroup reduced their price target on shares of Husky Energy from C$14.00 to C$9.50 in a report on Wednesday, September 4th. GMP Securities decreased their price target on shares of Husky Energy from C$14.00 to C$9.75 in a research report on Thursday, August 8th. Finally, Royal Bank of Canada dropped their price objective on shares of Husky Energy from C$15.00 to C$12.00 in a report on Friday, October 18th. Nine research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of C$14.32.

Shares of TSE:HSE opened at C$9.29 on Tuesday. The company has a market cap of $9.63 billion and a price-to-earnings ratio of 8.34. The business has a 50 day moving average price of C$9.61 and a 200 day moving average price of C$10.50. The company has a quick ratio of 0.80, a current ratio of 1.13 and a debt-to-equity ratio of 38.69. Husky Energy has a twelve month low of C$8.48 and a twelve month high of C$18.05.

Husky Energy (TSE:HSE) last issued its quarterly earnings results on Thursday, October 24th. The company reported C$0.25 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of C$0.25. The business had revenue of C$5.36 billion during the quarter, compared to the consensus estimate of C$5.30 billion. Analysts anticipate that Husky Energy will post 0.76 EPS for the current 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.

See Also: Return on Investment (ROI)

Analyst Recommendations for Husky Energy (TSE:HSE)

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