CIBC Lowers Husky Energy (TSE:HSE) Price Target to C$15.50

Husky Energy (TSE:HSE) had its price objective trimmed by CIBC from C$16.50 to C$15.50 in a research report released on Thursday morning, BayStreet.CA reports.

HSE has been the subject of a number of other research reports. Eight Capital decreased their price objective on shares of Husky Energy from C$16.00 to C$15.00 in a research report on Wednesday, May 29th. TD Securities cut shares of Vermilion Energy from a buy rating to a hold rating and set a C$40.00 target price for the company. in a research note on Thursday, April 18th. Canaccord Genuity reissued a buy rating and set a $7.50 target price on shares of in a research note on Tuesday, July 9th. Raymond James reissued a strong-buy rating and set a C$5.25 target price on shares of Precision Drilling in a research note on Wednesday, May 29th. Finally, Craig Hallum cut their target price on shares of Husky Energy from C$21.00 to C$18.00 and set a neutral rating for the company in a research note on Monday, July 8th. Nine equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of Hold and a consensus price target of C$16.97.

Shares of Husky Energy stock opened at C$11.27 on Thursday. The stock has a 50-day moving average price of C$12.49. The firm has a market capitalization of $11.86 billion and a P/E ratio of 7.66. Husky Energy has a fifty-two week low of C$11.05 and a fifty-two week high of C$22.99. The company has a debt-to-equity ratio of 43.04, a quick ratio of 0.86 and a current ratio of 1.17.

Husky Energy (TSE:HSE) last issued its quarterly earnings data on Friday, April 26th. The company reported C$0.31 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.26 by C$0.05. The firm had revenue of C$4.49 billion during the quarter, compared to analyst estimates of C$4.93 billion. As a group, sell-side analysts expect that Husky Energy will post 1.19 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 2nd. Stockholders of record on Tuesday, July 2nd were paid a dividend of $0.125 per share. The ex-dividend date 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 is currently 30.59%.

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 (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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