Husky Energy Inc. (TSE:HSE) Given Consensus Recommendation of “Buy” by Brokerages
Shares of Husky Energy Inc. (TSE:HSE) have received an average rating of “Buy” from the thirteen ratings firms that are currently covering the company. Two equities research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $19.29.
Several equities analysts have commented on the company. Barclays PLC increased their price target on Husky Energy from C$22.00 to C$23.00 and gave the company an “overweight” rating in a report on Thursday, August 4th. Scotiabank reiterated a “sector perform” rating and set a C$18.00 price target on shares of Husky Energy in a report on Monday, July 25th. Desjardins upgraded Husky Energy from a “hold” rating to a “buy” rating and set a C$21.00 price target on the stock in a report on Tuesday, June 28th. Morgan Stanley increased their price target on Husky Energy from C$20.00 to C$22.00 in a report on Monday, June 13th. Finally, Goldman Sachs Group Inc. increased their price target on Husky Energy from C$16.00 to C$17.00 and gave the company a “neutral” rating in a report on Thursday, August 4th.
Shares of Husky Energy (TSE:HSE) traded up 4.35% during mid-day trading on Wednesday, hitting $16.79. 790,017 shares of the company’s stock were exchanged. Husky Energy has a 52 week low of $11.34 and a 52 week high of $23.01. The company’s market capitalization is $16.88 billion. The firm has a 50 day moving average price of $16.14 and a 200-day moving average price of $15.82.
Husky Energy Company Profile
Husky Energy Inc is an integrated energy company. The Company’s Upstream segment includes exploration, development and production of crude oil, bitumen, natural gas and natural gas liquids, and marketing of the Company’s and other producers’ crude oil, natural gas, natural gas liquids, sulfur and petroleum coke, pipeline transportation, the blending of crude oil and natural gas, and storage of crude oil, diluent and natural gas.
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