Today, an analyst has provided a rating update for Husky Energy (HSE). Canaccord Genuity’s analyst Dennis Fong reiterates their Hold rating on the shares.
According to TipRanks.com, Fong has currently no stars on a ranking scale of 0-5 stars, with an average return of -2.4% and a 36.2% success rate. Fong covers the Basic Materials sector, focusing on stocks such as PrairieSky Royalty Ltd, Freehold Royalties Ltd, and Imperial Oil Limited.
Currently, the analyst consensus on Husky Energy is a Moderate Buy with an average price target of C$24.
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$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 Tuesday at C$15.85, close to its 52-week low of C$15.09.
