Wall Street analyst has provided a rating update for the Materials sector company yesterday, while remaining neutral on the stock. Analyst Nick Lupick from AltaCorp Captial rated Husky Energy (TSX: HSE) a Hold, setting a C$21 price target.
According to TipRanks.com, Lupick is ranked #1992 out of 4886 analysts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Husky Energy with a C$24.14 average price target.
Based on Husky Energy’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of C$5.86 billion and net profit of C$448 million. In comparison, last year the company earned revenue of C$4.67 billion and had a net profit of C$136 million.
Husky Energy, Inc. is an international integrated energy company. It operates through two segments: Upstream and Downstream.
The company’s shares closed on Friday at C$22.68, close to its 52-week high of C$22.99.
