Husky Energy (HSE) Reaches New 52-Week High at $22.75
Husky Energy Inc. (TSE:HSE) hit a new 52-week high during trading on Tuesday . The stock traded as high as C$22.75 and last traded at C$22.32, with a volume of 360043 shares trading hands. The stock had previously closed at C$22.50.
HSE has been the topic of several analyst reports. TD Securities raised their price target on shares of Husky Energy from C$20.00 to C$21.00 and gave the company a “buy” rating in a research note on Wednesday, May 30th. BMO Capital Markets upgraded shares of Husky Energy from a “market perform” rating to an “outperform” rating in a research note on Wednesday, May 30th. Raymond James upgraded shares of Husky Energy from a “market perform” rating to an “outperform” rating and raised their price objective for the company from C$22.00 to C$26.00 in a research note on Thursday, July 5th. Canaccord Genuity raised their price objective on shares of Husky Energy from C$20.50 to C$23.00 in a research note on Tuesday, July 10th. Finally, CSFB raised their price objective on shares of Husky Energy from C$23.00 to C$26.00 in a research note on Wednesday, July 11th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of C$22.29.
Husky Energy (TSE:HSE) last posted its quarterly earnings data on Thursday, July 26th. The company reported C$0.47 EPS for the quarter, beating 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 business had revenue of C$5.88 billion for the quarter, compared to analyst estimates of C$6.49 billion.
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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