Husky Energy (HSE) Hits New 52-Week High at $22.75

Shares of Husky Energy Inc. (TSE:HSE) hit a new 52-week high on Tuesday . The stock traded as high as C$22.75 and last traded at C$22.32, with a volume of 360043 shares changing hands. The stock had previously closed at C$22.50.

Several equities analysts have recently commented on the stock. Goldman Sachs Group increased their price target on shares of Husky Energy from C$21.00 to C$22.00 in a research report on Friday, September 7th. Canaccord Genuity increased their price target on shares of Husky Energy from C$23.00 to C$25.00 in a research report on Thursday, August 16th. TD Securities increased their price target on shares of Husky Energy from C$23.00 to C$24.00 and gave the stock a “buy” rating in a research report on Friday, July 27th. Barclays increased their price target on shares of Husky Energy from C$24.00 to C$26.00 in a research report on Friday, July 27th. Finally, Royal Bank of Canada increased their price target on shares of Husky Energy from C$23.00 to C$24.00 and gave the stock a “sector perform” rating in a research report on Friday, July 27th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of C$22.29.

Husky Energy (TSE:HSE) last issued its earnings results on Thursday, July 26th. The company reported C$0.47 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of C$0.40 by C$0.07. Husky Energy had a net margin of 2.93% and a return on equity of 3.09%. The firm had revenue of C$5.88 billion for the quarter, compared to analysts’ expectations of C$6.49 billion.

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 1st. Shareholders of record on Monday, August 27th will be issued a $0.125 dividend. The ex-dividend date is Friday, August 24th. This represents a $0.50 dividend on an annualized basis and a yield of 2.23%. This is a boost from Husky Energy’s previous quarterly dividend of $0.08.

About Husky Energy (TSE:HSE)

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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