Husky Energy (HSE) Lifted to “Outperform” at Scotiabank
Husky Energy (TSE:HSE) was upgraded by stock analysts at Scotiabank from a “sector perform” rating to an “outperform” rating in a research report issued to clients and investors on Thursday. The brokerage currently has a C$18.00 target price on the stock, up from their prior target price of C$17.00. Scotiabank’s price objective indicates a potential upside of 13.07% from the company’s previous close.
A number of other research analysts also recently issued reports on the stock. Raymond James Financial lifted their price objective on shares of Husky Energy from C$16.00 to C$19.00 and gave the stock an “outperform” rating in a research report on Thursday. Goldman Sachs Group raised shares of Husky Energy from a “sell” rating to a “neutral” rating in a research report on Thursday. BMO Capital Markets reaffirmed 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. GMP Securities lifted their price objective on shares of Husky Energy from C$19.50 to C$20.50 in a research report on Tuesday, December 5th. Finally, Royal Bank of Canada lifted their price objective on shares of Husky Energy from C$16.00 to C$17.00 and gave the stock a “sector perform” rating in a research report on Friday, October 27th. Seven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Husky Energy presently has an average rating of “Hold” and a consensus target price of C$17.77.
Shares of Husky Energy (TSE HSE) traded down C$0.18 during trading on Thursday, hitting C$15.92. 742,657 shares of the stock were exchanged, compared to its average volume of 1,015,904. Husky Energy has a 52-week low of C$13.39 and a 52-week high of C$17.42.
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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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