Husky Energy Inc. (HSE) Price Target Cut to C$17.00

Husky Energy Inc. (TSE:HSE) had its price target decreased by TD Securities from C$18.00 to C$17.00 in a report released on Monday. TD Securities currently has a hold rating on the stock.

A number of other brokerages have also commented on HSE. CIBC dropped their price target on Husky Energy from C$19.00 to C$17.50 in a research note on Thursday, July 20th. Scotiabank increased their price target on Husky Energy from C$17.00 to C$19.00 and gave the company a sector perform rating in a research note on Wednesday, May 31st. Finally, Royal Bank Of Canada reissued a sector perform rating and set a C$18.00 price target on shares of Husky Energy in a research note on Wednesday, May 31st. Six research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of Hold and an average price target of C$18.86.

Husky Energy (HSE) opened at 14.12 on Monday. Husky Energy has a one year low of $13.39 and a one year high of $17.42. The company’s 50 day moving average price is $14.88 and its 200-day moving average price is $15.66. The stock has a market capitalization of $14.20 billion and a PE ratio of 9.38.

Husky Energy (TSE:HSE) last announced its quarterly earnings results on Friday, May 5th. The company reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.08. Husky Energy had a return on equity of 1.48% and a net margin of 1.57%. The company had revenue of $4.58 billion during the quarter. Analysts expect that Husky Energy will post $0.30 earnings per share for the current year.

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About Husky Energy

Husky Energy Inc is an integrated energy company. The Company operates through two segments. The Upstream segment includes exploration, development and production of crude oil, bitumen, natural gas and natural gas liquids, and marketing of the Company’s and other producers’ crude oil, natural gas, natural gas liquids, sulfur and petroleum coke, pipeline transportation, the blending of crude oil and natural gas, and storage of crude oil, diluent and natural gas.

Analyst Recommendations for Husky Energy (TSE:HSE)

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