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Canadian Energy Company Revisited by AltaCorp Captial Analyst


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.

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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.

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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.