Husky Energy (TSE:HSE) Given New C$15.00 Price Target at BMO Capital Markets

Husky Energy (TSE:HSE) had its target price dropped by equities researchers at BMO Capital Markets from C$16.00 to C$15.00 in a research note issued on Friday, BayStreet.CA reports. BMO Capital Markets’ price objective points to a potential upside of 19.05% from the company’s current price.

Several other analysts have also recently issued reports on HSE. TD Securities dropped their target price on Husky Energy from C$19.50 to C$17.00 and set a “hold” rating on the stock in a research report on Wednesday, February 27th. Royal Bank of Canada dropped their target price on Husky Energy from C$19.00 to C$17.00 and set a “sector perform” rating on the stock in a research report on Wednesday, February 27th. CIBC dropped their target price on Husky Energy from C$18.00 to C$16.50 in a research report on Wednesday, February 27th. JPMorgan Chase & Co. dropped their target price on Husky Energy from C$19.00 to C$17.00 in a research report on Wednesday, February 27th. Finally, Eight Capital decreased their price objective on Husky Energy from C$17.00 to C$16.00 in a report on Wednesday, February 27th. Seven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of C$17.50.

TSE HSE traded down C$0.19 during midday trading on Friday, hitting C$12.60. 377,927 shares of the company traded hands, compared to its average volume of 2,089,767. The company has a current ratio of 1.17, a quick ratio of 0.86 and a debt-to-equity ratio of 43.04. The stock has a market capitalization of $12.86 billion and a PE ratio of 8.55. Husky Energy has a 52 week low of C$12.27 and a 52 week high of C$22.99.

Husky Energy (TSE:HSE) last announced its earnings results on Friday, April 26th. The company reported C$0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.26 by C$0.05. The company had revenue of C$4.49 billion for the quarter, compared to the consensus estimate of C$4.93 billion. On average, equities analysts predict that Husky Energy will post 1.25 earnings per share for the current fiscal year.

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 (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.

Read More: Price to Earnings Ratio (PE) Basics

Analyst Recommendations for Husky Energy (TSE:HSE)

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