TD Securities Lowers Husky Energy (TSE:HSE) Price Target to C$14.00

Husky Energy (TSE:HSE) had its price objective decreased by TD Securities from C$15.50 to C$14.00 in a research note issued to investors on Friday, BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. TD Securities’ target price suggests a potential upside of 55.21% from the company’s previous close.

Other analysts have also recently issued research reports about the company. Craig Hallum dropped their price objective on Husky Energy from C$21.00 to C$18.00 and set a “neutral” rating on the stock in a report on Monday, July 8th. National Bank Financial reissued a “sector perform” rating and set a C$16.00 price objective on shares of Husky Energy in a report on Thursday, June 27th. Citigroup dropped their price objective on Husky Energy from C$14.00 to C$9.50 in a report on Wednesday, September 4th. Royal Bank of Canada dropped their price objective on Husky Energy from C$17.00 to C$15.00 in a report on Thursday, July 18th. Finally, Raymond James reissued a “market perform” rating and set a C$17.00 price objective on shares of Husky Energy in a report on Monday, October 7th. Eight research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of C$15.40.

Shares of TSE HSE opened at C$9.02 on Friday. Husky Energy has a one year low of C$8.48 and a one year high of C$20.43. The company has a debt-to-equity ratio of 39.06, a current ratio of 1.13 and a quick ratio of 0.81. The business’s fifty day moving average price is C$9.23 and its 200-day moving average price is C$11.63. The stock has a market capitalization of $9.07 billion and a PE ratio of 6.49.

Husky Energy (TSE:HSE) last issued its quarterly earnings data on Thursday, July 25th. The company reported C$0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.30 by C$0.06. The company had revenue of C$5.30 billion for the quarter, compared to analysts’ expectations of C$5.62 billion. As a group, equities analysts expect that Husky Energy will post 0.91 EPS for the current fiscal year.

In other Husky Energy news, Director Robert John Peabody purchased 10,000 shares of the stock in a transaction on Monday, July 29th. The shares were purchased at an average price of C$10.01 per share, with a total value of C$100,100.00. Following the acquisition, the director now directly owns 195,213 shares in the company, valued at approximately C$1,954,082.13.

Husky Energy Company Profile

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.

Featured Story: Analyzing a company’s cash flow statement

Analyst Recommendations for Husky Energy (TSE:HSE)

Receive News & Ratings for Husky Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Husky Energy and related companies with's FREE daily email newsletter.