Husky Energy (HSE) Hits New 12-Month High at $18.88

Shares of Husky Energy (TSE:HSE) hit a new 52-week high on Monday . The stock traded as high as C$18.88 and last traded at C$18.87, with a volume of 503795 shares changing hands. The stock had previously closed at C$18.27.

HSE has been the topic of several recent analyst reports. Barclays lifted their target price on Husky Energy from C$17.00 to C$18.00 in a research note on Friday, April 27th. Raymond James boosted their price objective on Husky Energy from C$20.00 to C$22.00 in a research note on Tuesday, April 24th. CSFB boosted their price objective on Husky Energy from C$21.00 to C$23.00 in a research note on Friday, April 13th. GMP Securities boosted their price objective on Husky Energy from C$20.50 to C$22.00 in a research note on Monday, January 29th. Finally, TD Securities raised Husky Energy from a “hold” rating to a “buy” rating in a research note on Monday, February 5th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of C$18.88.

Husky Energy (TSE:HSE) last posted its quarterly earnings data on Thursday, April 26th. The company reported C$0.25 EPS for the quarter, missing the Zacks’ consensus estimate of C$0.26 by C($0.01). Husky Energy had a return on equity of 3.09% and a net margin of 2.93%. The firm had revenue of C$5.10 billion during the quarter, compared to the consensus estimate of C$5.27 billion.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 3rd. Investors of record on Monday, June 4th will be issued a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.58%.

In related news, Director Robert John Peabody bought 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 9th. The shares were acquired at an average cost of C$18.22 per share, for a total transaction of C$182,200.00.

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; 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.

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