Husky Energy (HSE) Downgraded by BMO Capital Markets to “Market Perform”

Husky Energy (TSE:HSE) was downgraded by analysts at BMO Capital Markets from an “outperform” rating to a “market perform” rating in a research report issued to clients and investors on Friday. They currently have a C$19.00 price objective on the stock, down from their prior price objective of C$23.00. BMO Capital Markets’ price target would indicate a potential upside of 13.77% from the stock’s current price.

Other analysts have also issued reports about the stock. GMP Securities decreased their price target on shares of Husky Energy from C$23.00 to C$22.00 in a research report on Friday, October 26th. Raymond James raised their price target on shares of Husky Energy from C$26.00 to C$28.00 in a research report on Friday, October 5th. TD Securities decreased their price target on shares of Husky Energy from C$26.00 to C$22.00 and set a “hold” rating on the stock in a research report on Friday, October 26th. JPMorgan Chase & Co. decreased their price target on shares of Husky Energy from C$21.00 to C$19.00 in a research report on Wednesday, January 9th. Finally, Canaccord Genuity decreased their price target on shares of Husky Energy from C$19.00 to C$17.00 in a research report on Thursday, January 10th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Husky Energy presently has an average rating of “Hold” and an average price target of C$21.03.

TSE HSE opened at C$16.70 on Friday. The company has a debt-to-equity ratio of 31.59, a quick ratio of 1.13 and a current ratio of 1.59. Husky Energy has a 52-week low of C$13.33 and a 52-week high of C$22.99.

Husky Energy (TSE:HSE) last posted its quarterly earnings results on Thursday, October 25th. The company reported C$0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.49 by C$0.08. The company had revenue of C$6.13 billion during the quarter, compared to analyst estimates of C$6.67 billion. During the same quarter in the prior year, the business earned $0.14 earnings per share. Research analysts predict that Husky Energy will post 1.12000003461687 earnings per share for the current year.

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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