Shares of Husky Energy Inc. (TSE:HSE) were up 13.1% on Thursday . The stock traded as high as C$17.82 and last traded at C$17.57. Approximately 2,312,410 shares traded hands during mid-day trading, an increase of 11% from the average daily volume of 2,076,189 shares. The stock had previously closed at C$15.53.
Several analysts recently weighed in on HSE shares. TD Securities cut shares of Husky Energy from a “buy” rating to a “hold” rating and set a C$26.00 price target on the stock. in a report on Monday, October 1st. Raymond James lifted their price target on shares of Husky Energy from C$26.00 to C$28.00 in a report on Friday, October 5th. CIBC reiterated a “neutral” rating and issued a C$24.00 price target on shares of Husky Energy in a report on Friday, October 5th. Canaccord Genuity cut their price target on shares of Husky Energy from C$25.00 to C$24.00 in a report on Wednesday, October 24th. Finally, GMP Securities cut their price target on shares of Husky Energy from C$23.00 to C$22.00 in a report on Friday, October 26th. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Husky Energy currently has an average rating of “Hold” and a consensus price target of C$21.03.
The company has a current ratio of 1.59, a quick ratio of 1.13 and a debt-to-equity ratio of 31.59.
Husky Energy (TSE:HSE) last announced its quarterly earnings results on Thursday, October 25th. The company reported C$0.57 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of C$0.49 by C$0.08. The firm had revenue of C$6.13 billion during the quarter, compared to the consensus estimate of C$6.67 billion. During the same quarter in the previous year, the firm earned $0.14 EPS. On average, sell-side analysts forecast that Husky Energy Inc. will post 1.12000003461687 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, January 2nd. Investors of record on Monday, November 26th were paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 2.99%. The ex-dividend date of this dividend was Friday, November 23rd. Husky Energy’s payout ratio is 14.71%.
Husky Energy Company Profile (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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