Husky Energy (TSE:HSE) had its target price decreased by Royal Bank of Canada from C$17.00 to C$15.00 in a research note issued to investors on Thursday, BayStreet.CA reports.
Several other equities analysts also recently weighed in on the stock. Goldman Sachs Group raised their target price on shares of MEG Energy from C$6.00 to C$7.00 in a report on Tuesday, April 16th. BMO Capital Markets restated a hold rating and set a $9.50 target price on shares of Vicon Industries in a report on Friday, June 14th. GMP Securities reiterated a buy rating and set a $22.25 price target on shares of SPDR Wells Fargo Preferred Stock ETF in a report on Friday, June 28th. Raymond James reiterated a strong-buy rating and set a C$5.25 price target on shares of Precision Drilling in a report on Wednesday, May 29th. Finally, TD Securities downgraded shares of Vermilion Energy from a buy rating to a hold rating and set a C$40.00 price target for the company. in a report on Thursday, April 18th. Nine investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of Hold and an average target price of C$16.97.
TSE:HSE opened at C$11.27 on Thursday. The company has a debt-to-equity ratio of 43.04, a current ratio of 1.17 and a quick ratio of 0.86. The company’s 50-day simple moving average is C$12.49. Husky Energy has a twelve month low of C$11.05 and a twelve month high of C$22.99. The stock has a market cap of $11.86 billion and a P/E ratio of 7.66.
Husky Energy (TSE:HSE) last posted its earnings results on Friday, April 26th. The company reported C$0.31 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.26 by C$0.05. The business had revenue of C$4.49 billion for the quarter, compared to analysts’ expectations of C$4.93 billion. As a group, sell-side analysts predict that Husky Energy will post 1.19 EPS for the current year.
The company 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. The ex-dividend date of this dividend was Friday, June 7th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 4.44%. Husky Energy’s dividend payout ratio (DPR) 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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