Husky Energy Inc. (HSE) Price Target Raised to C$15.50 at Canaccord Genuity
Husky Energy Inc. (TSE:HSE) had its price target upped by investment analysts at Canaccord Genuity from C$14.50 to C$15.50 in a report released on Tuesday. Canaccord Genuity’s price target indicates a potential upside of 5.23% from the stock’s current price.
Several other equities analysts have also recently commented on the stock. Scotiabank raised their target price on shares of 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. Royal Bank Of Canada reissued a “sector perform” rating and set a C$18.00 target price on shares of Husky Energy in a research note on Tuesday, May 23rd. CIBC lowered their target price on shares of Husky Energy from C$19.00 to C$17.50 in a research note on Thursday, July 20th. TD Securities cut shares of Husky Energy from a “buy” rating to a “hold” rating and lowered their target price for the company from C$19.00 to C$18.00 in a research note on Friday, June 30th. Finally, AltaCorp Capital cut shares of Husky Energy from an “outperform” rating to a “sector perform” rating in a research note on Monday, July 24th. Six investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of C$18.64.
Husky Energy (HSE) traded down 0.20% during mid-day trading on Tuesday, reaching $14.70. 234,644 shares of the company were exchanged. The company’s 50 day moving average price is $14.45 and its 200-day moving average price is $15.47. Husky Energy has a 12 month low of $13.39 and a 12 month high of $17.42. The stock has a market capitalization of $14.78 billion and a P/E ratio of 9.76.
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; marketing of the companys and other producers crude oil, natural gas, natural gas liquids, 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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