Husky Energy Inc. (TSE:HSE) Receives Consensus Recommendation of “Hold” from Analysts

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Shares of Husky Energy Inc. (TSE:HSE) have received an average rating of “Hold” from the nineteen brokerages that are covering the company, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is C$14.71.

HSE has been the subject of a number of research reports. BMO Capital Markets decreased their target price on shares of Husky Energy from C$15.00 to C$14.00 in a research note on Friday, July 26th. CIBC decreased their target price on shares of Husky Energy from C$13.00 to C$10.50 in a research note on Tuesday, October 15th. Royal Bank of Canada reduced their price objective on shares of Husky Energy from C$15.00 to C$12.00 in a research note on Friday, October 18th. Citigroup reduced their price objective on shares of Husky Energy from C$14.00 to C$9.50 in a research note on Wednesday, September 4th. Finally, Raymond James reaffirmed a “market perform” rating and issued a C$17.00 price objective on shares of Husky Energy in a research note on Monday, October 7th.

Husky Energy stock remained flat at $C$9.78 during midday trading on Friday. 7,700,348 shares of the company were exchanged, compared to its average volume of 2,110,505. The firm has a fifty day moving average of C$9.43 and a two-hundred day moving average of C$10.74. Husky Energy has a 1 year low of C$8.48 and a 1 year high of C$18.05. The company has a debt-to-equity ratio of 38.69, a quick ratio of 0.80 and a current ratio of 1.13. The firm has a market cap of $9.83 billion and a price-to-earnings ratio of 8.78.

Husky Energy (TSE:HSE) last posted its quarterly earnings data on Thursday, October 24th. The company reported C$0.25 EPS for the quarter, hitting analysts’ consensus estimates of C$0.25. The firm had revenue of C$5.36 billion during the quarter, compared to analyst estimates of C$5.30 billion. As a group, research analysts predict that Husky Energy will post 0.81 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Thursday, January 2nd will be paid a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 5.11%. The ex-dividend date is Friday, November 29th. Husky Energy’s payout ratio is presently 44.88%.

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.

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Analyst Recommendations for Husky Energy (TSE:HSE)

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