Husky Energy (TSE:HSE) had its target price reduced by equities researchers at Canaccord Genuity from C$19.00 to C$17.00 in a report issued on Thursday. Canaccord Genuity’s price target indicates a potential upside of 13.64% from the company’s current price.
A number of other brokerages have also commented on HSE. JPMorgan Chase & Co. cut their price target on Husky Energy from C$21.00 to C$19.00 in a report on Wednesday. Raymond James set a C$25.00 price target on Husky Energy and gave the stock an “outperform” rating in a report on Wednesday. CIBC cut their price target on Husky Energy from C$24.00 to C$21.50 in a report on Thursday, November 22nd. Morgan Stanley lowered their price objective on Husky Energy from C$24.00 to C$21.00 in a research report on Tuesday, November 20th. Finally, GMP Securities lowered their price objective on Husky Energy from C$23.00 to C$22.00 in a research report on Friday, October 26th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of C$21.23.
Shares of HSE stock traded down C$0.33 during trading hours on Thursday, reaching C$14.96. 988,795 shares of the company’s stock were exchanged, compared to its average volume of 1,885,652. Husky Energy has a fifty-two week low of C$13.33 and a fifty-two week high of C$22.99. The company has a current ratio of 1.59, a quick ratio of 1.13 and a debt-to-equity ratio of 31.59.
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 company's 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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