Husky Energy (TSE:HSE) Given New C$15.00 Price Target at Royal Bank of Canada

Husky Energy (TSE:HSE) had its price objective decreased by Royal Bank of Canada from C$17.00 to C$15.00 in a research report sent to investors on Thursday morning, BayStreet.CA reports.

A number of other analysts also recently issued reports on HSE. Raymond James reaffirmed a strong-buy rating and issued a C$5.25 target price on shares of Precision Drilling in a research note on Wednesday, May 29th. CIBC reaffirmed a hold rating and issued a $2.50 target price on shares of Advantage Oil & Gas in a research note on Thursday. Eight Capital cut their target price on Husky Energy from C$16.00 to C$15.00 in a research note on Wednesday, May 29th. GMP Securities reaffirmed a buy rating and issued a $22.25 target price on shares of SPDR Wells Fargo Preferred Stock ETF in a research note on Friday, June 28th. Finally, Craig Hallum cut their target price on Husky Energy from C$21.00 to C$18.00 and set a neutral rating for the company in a research note on Monday, July 8th. Nine investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Husky Energy currently has a consensus rating of Hold and an average target price of C$16.97.

Shares of HSE opened at C$11.27 on Thursday. Husky Energy has a 52-week low of C$11.05 and a 52-week high of C$22.99. The firm has a market cap of $11.86 billion and a P/E ratio of 7.66. The business has a fifty day moving average of C$12.49. The company has a quick ratio of 0.86, a current ratio of 1.17 and a debt-to-equity ratio of 43.04.

Husky Energy (TSE:HSE) last issued its earnings results on Friday, April 26th. The company reported C$0.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.26 by C$0.05. The company had revenue of C$4.49 billion during the quarter, compared to analyst estimates of C$4.93 billion. On average, equities analysts expect that Husky Energy will post 1.19 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 2nd. Stockholders of record on Tuesday, July 2nd were issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 4.44%. The ex-dividend date of this dividend was Friday, June 7th. Husky Energy’s dividend payout ratio is presently 30.59%.

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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