Husky Energy Inc. (HSE) Rating Lowered to Sector Perform at AltaCorp Capital
Husky Energy Inc. (TSE:HSE) was downgraded by equities researchers at AltaCorp Capital from an “outperform” rating to a “sector perform” rating in a report issued on Monday, July 24th.
A number of other research firms also recently issued reports on HSE. Royal Bank Of Canada reiterated a “sector perform” rating and set a C$18.00 price target on shares of Husky Energy in a research report on Tuesday, May 23rd. Scotiabank lifted their price target on shares of Husky Energy from C$17.00 to C$19.00 and gave the company a “sector perform” rating in a research report on Wednesday, May 31st. TD Securities downgraded Husky Energy from a “buy” rating to a “hold” rating and cut their price objective for the stock from C$19.00 to C$18.00 in a research report on Friday, June 30th. Finally, CIBC cut their price objective on Husky Energy from C$19.00 to C$17.50 in a research report on Thursday, July 20th. Six investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of C$18.64.
Husky Energy (TSE HSE) traded down 0.07% during midday trading on Monday, reaching $14.37. The company’s stock had a trading volume of 505,901 shares. The company’s 50-day moving average is $14.37 and its 200 day moving average is $15.42. The firm has a market capitalization of $14.45 billion and a P/E ratio of 9.54. Husky Energy has a 52 week low of $13.39 and a 52 week high of $17.42.
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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; marketing of the companys 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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