On October 9, an analyst has provided a rating update for the Materials sector company, Husky Energy (TSX: HSE). On October 9, analyst Nick Lupick gave a Hold rating to HSE and set a C$22 price target.
According to TipRanks.com, Lupick is a 4-star analyst with an average return of 4.5% and a 53.2% success rate. Lupick covers the Basic Materials sector, focusing on stocks such as Athabasca Oil Corporation, BlackPearl Resources Inc, and Freehold Royalties Ltd.
Husky Energy has an analyst consensus of Moderate Buy, with a price target consensus of C$24.50, implying a 22.9% upside from current levels. In a report issued on October 5, CIBC also initiated coverage with a Hold rating on the stock.
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 Thursday at C$19.93.