Husky Energy (HSE) Sets New 1-Year High at $21.02

Husky Energy Inc. (TSE:HSE) shares hit a new 52-week high during trading on Wednesday . The company traded as high as C$21.02 and last traded at C$20.58, with a volume of 755078 shares changing hands. The stock had previously closed at C$20.21.

A number of research analysts have recently commented on HSE shares. TD Securities increased their price objective on Husky Energy from C$20.00 to C$21.00 and gave the company a “buy” rating in a report on Wednesday, May 30th. GMP Securities lowered Husky Energy from a “buy” rating to a “hold” rating and lowered their price objective for the company from C$22.00 to C$19.50 in a report on Friday, April 27th. Barclays increased their price objective on Husky Energy from C$17.00 to C$18.00 in a report on Friday, April 27th. Royal Bank of Canada increased their price objective on Husky Energy from C$18.00 to C$19.00 and gave the company a “sector perform” rating in a report on Friday, March 2nd. Finally, Raymond James increased their price objective on Husky Energy from C$20.00 to C$22.00 in a report on Tuesday, April 24th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of C$19.12.

Husky Energy (TSE:HSE) last announced its earnings results on Thursday, April 26th. The company reported C$0.25 earnings per share for the quarter, missing the consensus estimate of C$0.26 by C($0.01). Husky Energy had a net margin of 2.93% and a return on equity of 3.09%. The business had revenue of C$5.10 billion for the quarter, compared to the consensus estimate of C$5.27 billion.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 3rd. Investors of record on Monday, June 4th will be paid a dividend of $0.075 per share. The ex-dividend date of this dividend is Friday, June 1st. This represents a $0.30 annualized dividend and a yield of 1.46%.

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

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.

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