Barclays Lowers Husky Energy (HSE) Price Target to C$20.00

Husky Energy (TSE:HSE) had its target price cut by Barclays from C$26.00 to C$20.00 in a report issued on Thursday morning.

HSE has been the topic of several other reports. Morgan Stanley dropped their price target on Husky Energy from C$24.00 to C$21.00 in a research note on Tuesday, November 20th. CIBC lowered their target price on Husky Energy from C$24.00 to C$21.50 in a research report on Thursday, November 22nd. Canaccord Genuity lowered their target price on Husky Energy from C$25.00 to C$24.00 in a research report on Wednesday, October 24th. Desjardins reaffirmed a neutral rating and set a C$22.00 target price on shares of Husky Energy in a research report on Thursday, December 20th. Finally, Raymond James reaffirmed an outperform rating and set a C$28.00 target price on shares of Husky Energy in a research report on Friday, October 26th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company. Husky Energy has a consensus rating of Hold and an average target price of C$21.23.

HSE traded down C$0.07 during trading on Thursday, hitting C$14.96. The company’s stock had a trading volume of 758,122 shares, compared to its average volume of 2,002,081. Husky Energy has a twelve month low of C$13.33 and a twelve month high of C$22.99. The company has a debt-to-equity ratio of 31.59, a current ratio of 1.59 and a quick ratio of 1.13.

Husky Energy (TSE:HSE) last issued its quarterly earnings results on Thursday, October 25th. The company reported C$0.57 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.49 by C$0.08. The business had revenue of C$6.13 billion during the quarter, compared to analyst estimates of C$6.67 billion. During the same period last year, the firm posted $0.14 earnings per share. As a group, research analysts forecast that Husky Energy will post 1.34999996597782 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 2nd. Stockholders of record on Monday, November 26th were given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 3.34%. The ex-dividend date was Friday, November 23rd. Husky Energy’s payout ratio is 14.71%.

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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