Husky Energy Inc. (TSE:HSE) Given Average Recommendation of “Hold” by Brokerages

Husky Energy Inc. (TSE:HSE) has been assigned a consensus rating of “Hold” from the eleven ratings firms that are currently covering the stock, MarketBeat Ratings reports. Six analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is C$18.95.

HSE has been the subject of a number of analyst reports. CIBC cut their price objective on Husky Energy from C$19.00 to C$17.50 in a report on Thursday, July 20th. TD Securities cut Husky Energy from a “buy” rating to a “hold” rating and cut their price target for the company from C$19.00 to C$18.00 in a report on Friday, June 30th. AltaCorp Capital cut Husky Energy from an “outperform” rating to a “sector perform” rating in a report on Monday, July 24th. Scotiabank lifted their price target on Husky Energy from C$17.00 to C$19.00 and gave the company a “sector perform” rating in a report on Wednesday, May 31st. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a C$18.00 price target on shares of Husky Energy in a report on Wednesday, May 31st.

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Husky Energy (HSE) traded up 0.76% during trading on Tuesday, hitting $14.61. 727,960 shares of the stock traded hands. The company has a 50-day moving average price of $14.47 and a 200 day moving average price of $15.51. Husky Energy has a one year low of $13.39 and a one year high of $17.42. The stock has a market cap of $14.69 billion and a PE ratio of 9.70.

About Husky Energy

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 company’s 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.

Analyst Recommendations for Husky Energy (TSE:HSE)

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