Husky Energy (TSE:HSE) had its price objective decreased by analysts at JPMorgan Chase & Co. from C$13.00 to C$10.00 in a report released on Wednesday, BayStreet.CA reports. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 8.46% from the stock’s current price.

Several other brokerages have also recently issued reports on HSE. GMP Securities dropped their price objective on Husky Energy from C$14.00 to C$9.75 in a research note on Thursday, August 8th. National Bank Financial reaffirmed a “sector perform” rating and set a C$16.00 target price on shares of Husky Energy in a research report on Thursday, June 27th. Canaccord Genuity lowered their target price on Husky Energy from C$16.00 to C$14.00 in a report on Tuesday, July 9th. Craig Hallum dropped their price target on Husky Energy from C$21.00 to C$18.00 and set a “neutral” rating on the stock in a research report on Monday, July 8th. Finally, CSFB cut their price target on Husky Energy from C$18.00 to C$16.00 in a research note on Thursday, August 29th. Nine equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Husky Energy currently has a consensus rating of “Hold” and an average price target of C$15.49.

HSE stock traded down C$0.16 during mid-day trading on Wednesday, reaching C$9.22. The company had a trading volume of 1,069,685 shares, compared to its average volume of 2,040,015. 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 company has a market capitalization of $9.43 billion and a PE ratio of 6.63. The firm has a 50 day moving average of C$9.33 and a 200 day moving average of C$12.37. Husky Energy has a 12 month low of C$8.48 and a 12 month high of C$22.99.

Husky Energy (TSE:HSE) last posted its quarterly earnings results on Thursday, July 25th. The company reported C$0.36 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.30 by C$0.06. The company had revenue of C$5.30 billion for the quarter, compared to the consensus estimate of C$5.62 billion. Analysts anticipate that Husky Energy will post 0.9600001 EPS for the current year.

In related news, Director Robert John Peabody purchased 10,000 shares of the business’s stock in a transaction dated Monday, July 29th. The shares were acquired at an average cost of C$10.01 per share, for a total transaction of C$100,100.00. Following the acquisition, the director now owns 195,213 shares of the company’s stock, 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.

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Analyst Recommendations for Husky Energy (TSE:HSE)

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