Husky Energy (HSE) Price Target Raised to C$23.00 at CSFB

Husky Energy (TSE:HSE) had its target price increased by CSFB from C$21.00 to C$23.00 in a research report sent to investors on Friday.

Several other brokerages have also recently issued reports on HSE. Raymond James Financial cut Husky Energy from an outperform rating to a market perform rating and lowered their price target for the company from C$19.00 to C$18.00 in a research report on Thursday, January 18th. Royal Bank of Canada lifted their price target on Husky Energy from C$17.00 to C$18.00 and gave the company a sector perform rating in a research report on Wednesday, January 24th. Eight Capital cut Husky Energy from a neutral rating to a sell rating and lowered their price target for the company from C$21.00 to C$19.00 in a research report on Thursday, January 18th. GMP Securities lifted their price target on Husky Energy from C$20.50 to C$22.00 in a research report on Monday, January 29th. Finally, TD Securities upgraded Husky Energy from a hold rating to a buy rating in a research report on Monday, February 5th. One analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the stock. The company has an average rating of Hold and a consensus price target of C$18.50.

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Shares of Husky Energy stock opened at C$18.57 on Friday. Husky Energy has a 1-year low of C$13.39 and a 1-year high of C$19.24.

Husky Energy (TSE:HSE) last issued its quarterly earnings results on Thursday, March 1st. The company reported C$0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.16 by C$0.06. Husky Energy had a return on equity of 3.09% and a net margin of 2.93%. The company had revenue of C$5.53 billion for the quarter, compared to analysts’ expectations of C$4.50 billion.

The business also recently announced a quarterly dividend, which was paid on Monday, April 2nd. Investors of record on Tuesday, March 20th were issued a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date was Monday, March 19th.

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About Husky Energy

Husky Energy Inc is an integrated energy company. The Company operates through two segments. The Upstream segment includes exploration, development and production of crude oil, bitumen, natural gas and natural gas liquids, and marketing of the Company’s and other producers’ crude oil, natural gas, natural gas liquids, sulfur and petroleum coke, pipeline transportation, the blending of crude oil and natural gas, and storage of crude oil, diluent and natural gas.

Analyst Recommendations for Husky Energy (TSE:HSE)

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