Husky Energy (HSE) Lowered to Market Perform at Raymond James Financial
Husky Energy (TSE:HSE) was downgraded by investment analysts at Raymond James Financial from an “outperform” rating to a “market perform” rating in a research note issued to investors on Thursday. They currently have a C$18.00 price target on the stock, down from their prior price target of C$19.00. Raymond James Financial’s price objective would indicate a potential downside of 5.56% from the company’s previous close.
Other equities analysts have also issued reports about the stock. Eight Capital lowered shares of Husky Energy from a “neutral” rating to a “sell” rating and dropped their price objective for the company from C$21.00 to C$19.00 in a research report on Thursday. Royal Bank of Canada increased their price objective on shares of Husky Energy from C$16.00 to C$17.00 and gave the company a “sector perform” rating in a research report on Friday, October 27th. Canaccord Genuity reissued a “hold” rating and issued a C$16.50 price objective on shares of Husky Energy in a research report on Thursday, October 26th. Goldman Sachs Group raised shares of Husky Energy from a “sell” rating to a “neutral” rating in a research report on Thursday, December 14th. Finally, BMO Capital Markets reissued a “market perform” rating and issued a C$17.00 price objective on shares of Husky Energy in a research report on Tuesday, December 5th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the company’s stock. Husky Energy currently has an average rating of “Hold” and an average target price of C$17.79.
Shares of Husky Energy (HSE) traded up C$0.12 on Thursday, hitting C$19.06. 901,054 shares of the stock traded hands, compared to its average volume of 953,429. The company has a market capitalization of $17,980.00, a price-to-earnings ratio of 73.31 and a beta of 0.36. Husky Energy has a 52 week low of C$13.39 and a 52 week high of C$19.24.
In related news, Director Nancy Fay Foster sold 2,116 shares of the company’s stock in a transaction dated Monday, October 30th. The shares were sold at an average price of C$16.53, for a total value of C$34,977.48.
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Husky Energy Company Profile
Husky Energy Inc is an integrated energy company. The Company operates through two segments. The 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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