Today, an analyst has provided a rating update for the Materials sector company, Husky Energy (HSE). The company received a Hold rating from AltaCorp Captial’s analyst Nick Lupick, with a C$20.50 price target.
According to TipRanks.com, Lupick has 0 stars on 0-5 star ranking scale with an average return of -6.3% and a 40.1% success rate. Lupick covers the Basic Materials sector, focusing on stocks such as Athabasca Oil Corporation, Freehold Royalties Ltd, and PrairieSky Royalty Ltd.
Husky Energy has an analyst consensus of Moderate Buy, with a price target consensus of C$21.45, which is a 46.7% upside from current levels. In a report released today, RBC Capital also reiterated a Hold rating on the stock with a C$19 price target.
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Based on Husky Energy’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of C$6.17 billion and net profit of C$545 million. In comparison, last year the company earned revenue of C$5.48 billion and had a net profit of C$672 million.
Husky Energy, Inc. is an international integrated energy company. It operates through two segments: Upstream and Downstream.
The company’s shares closed on Monday at C$14.62, close to its 52-week low of C$13.33.
