Husky Energy (HSE) Downgraded by Raymond James Financial

Husky Energy (TSE:HSE) was downgraded by equities research analysts at Raymond James Financial from an “outperform” rating to a “market perform” rating in a note issued to investors on Thursday, January 18th. They currently have a C$18.00 target price on the stock, down from their previous target price of C$19.00. Raymond James Financial’s price objective would suggest a potential upside of 9.22% from the stock’s current price.

Several other equities research analysts have also issued reports on HSE. BMO Capital Markets restated a “market perform” rating and issued a C$17.00 target price on shares of Husky Energy in a research note on Tuesday, December 5th. Royal Bank of Canada reiterated a “hold” rating and set a C$16.00 price target on shares of Husky Energy in a research report on Monday, October 16th. Eight Capital downgraded shares of Husky Energy from a “neutral” rating to a “sell” rating and reduced their price target for the stock from C$21.00 to C$19.00 in a research report on Thursday, January 18th. Barclays upped their price target on shares of Husky Energy from C$16.00 to C$17.00 in a research report on Tuesday, October 10th. Finally, GMP Securities upped their price target on shares of Husky Energy from C$19.50 to C$20.50 in a research report on Tuesday, December 5th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of C$17.91.

Shares of Husky Energy (TSE HSE) traded down C$0.28 during trading on Thursday, hitting C$16.48. 1,854,500 shares of the stock were exchanged, compared to its average volume of 1,200,000. Husky Energy has a twelve month low of C$13.39 and a twelve month high of C$19.24. The firm has a market capitalization of $16,560.00, a PE ratio of 63.38 and a beta of 0.33.

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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.

Analyst Recommendations for Husky Energy (TSE:HSE)

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