Husky Energy (HSE) Downgraded by Eight Capital

Husky Energy (TSE:HSE) was downgraded by Eight Capital from a “neutral” rating to a “sell” rating in a research note issued on Thursday. They currently have a C$19.00 target price on the stock, down from their prior target price of C$21.00. Eight Capital’s target price points to a potential downside of 0.31% from the stock’s current price.

Several other analysts have also issued reports on HSE. Barclays boosted their price target on Husky Energy from C$16.00 to C$17.00 in a report on Tuesday, October 10th. Royal Bank of Canada reissued a “hold” rating and set a C$16.00 price target on shares of Husky Energy in a report on Monday, October 16th. Canaccord Genuity reissued a “hold” rating and set a C$16.50 price target on shares of Husky Energy in a report on Thursday, October 26th. GMP Securities boosted their price target on Husky Energy from C$19.50 to C$20.50 in a report on Tuesday, December 5th. Finally, BMO Capital Markets reissued a “market perform” rating and set a C$17.00 price target on shares of Husky Energy in a report on Tuesday, December 5th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of C$17.79.

Shares of Husky Energy (TSE:HSE) traded up C$0.12 on Thursday, hitting C$19.06. The company had a trading volume of 901,054 shares, compared to its average volume of 953,429. Husky Energy has a one year low of C$13.39 and a one year high of C$19.24. The company has a market capitalization of $17,980.00, a price-to-earnings ratio of 73.31 and a beta of 0.36.

Husky Energy (TSE:HSE) last released its quarterly earnings results on Thursday, October 26th. The company reported C$0.14 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.04 by C$0.10. Husky Energy had a return on equity of 3.09% and a net margin of 2.93%.

In other news, Director Nancy Fay Foster sold 2,116 shares of the business’s stock in a transaction dated Monday, October 30th. The stock was sold at an average price of C$16.53, for a total value of C$34,977.48.

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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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