CIBC Lowers Husky Energy Inc. (HSE) Price Target to C$17.50
Husky Energy Inc. (TSE:HSE) had its price target lowered by CIBC from C$19.00 to C$17.50 in a note issued to investors on Thursday, StockTargetPrices.com reports. CIBC’s price target indicates a potential upside of 18.40% from the stock’s previous close.
A number of other research analysts also recently commented on the company. TD Securities downgraded Husky Energy from a “buy” rating to a “hold” rating and lowered their price objective for the stock from C$19.00 to C$18.00 in a research note on Friday, June 30th. Scotiabank upped their price objective on Husky Energy from C$17.00 to C$19.00 and gave the stock a “sector perform” rating in a research note on Wednesday, May 31st. Finally, Royal Bank Of Canada restated a “sector perform” rating and set a C$18.00 price objective on shares of Husky Energy in a research note on Wednesday, May 31st. Five analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of C$18.95.
Husky Energy (TSE HSE) traded down 0.95% during trading on Thursday, reaching $14.64. 514,091 shares of the company were exchanged. Husky Energy has a 52-week low of $13.39 and a 52-week high of $17.42. The stock has a market capitalization of $14.72 billion and a PE ratio of 10.41. The firm’s 50 day moving average is $15.00 and its 200 day moving average is $15.71.
Husky Energy (TSE:HSE) last issued its quarterly earnings data on Friday, May 5th. The company reported $0.06 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.02) by $0.08. The firm had revenue of $4.58 billion during the quarter. Husky Energy had a return on equity of 1.48% and a net margin of 1.57%. Analysts expect that Husky Energy will post $0.33 EPS 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.
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