Husky Energy (TSE:HSE) had its target price trimmed by Royal Bank of Canada from C$19.00 to C$17.00 in a report issued on Wednesday morning. The firm currently has a sector perform rating on the stock.
Several other brokerages have also recently issued reports on HSE. JPMorgan Chase & Co. decreased their price target on shares of Husky Energy from C$21.00 to C$19.00 in a research report on Wednesday, January 9th. Canaccord Genuity reduced their price objective on shares of Husky Energy from C$24.00 to C$19.00 in a research note on Tuesday, November 20th. Barclays reduced their price objective on shares of Husky Energy from C$26.00 to C$20.00 in a research note on Thursday, January 10th. Raymond James set a C$25.00 price objective on shares of Husky Energy and gave the company an outperform rating in a research note on Wednesday, January 9th. Finally, CIBC cut their target price on shares of Husky Energy from C$24.00 to C$21.50 in a research note on Thursday, November 22nd. Seven analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of Hold and an average target price of C$18.91.
Shares of TSE HSE opened at C$14.81 on Wednesday. The company has a quick ratio of 0.87, a current ratio of 1.14 and a debt-to-equity ratio of 29.30. Husky Energy has a 52-week low of C$13.33 and a 52-week high of C$22.99. The company has a market capitalization of $14.85 billion and a price-to-earnings ratio of 10.58.
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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