CIBC Reaffirms Their Hold Rating on Husky Energy (HSE)


Husky Energy (HSE), the Materials sector company, was revisited by a Wall Street analyst today. Analyst Jon Morrison from CIBC remains neutral on the stock and has a C$18 price target.

According to TipRanks.com, Morrison is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -17.3% and a 34.1% success rate. Morrison covers the Basic Materials sector, focusing on stocks such as Trican Well Service Ltd, Imperial Oil Limited, and Cenovus Energy Inc.

Currently, the analyst consensus on Husky Energy is a Hold with an average price target of C$19.50, which is a 25.2% upside from current levels. In a report issued on January 18, BMO Capital also downgraded the stock to Hold 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 Friday at C$15.57.

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