Desjardins Reiterates a Hold Rating on Husky Energy (HSE)
A Wall Street analyst has provided a rating update for the Materials sector company on February 7, while remaining neutral on the stock. On February 7, analyst Chris MacCulloch gave a Hold rating to HSE and set a C$19 price target.
According to TipRanks.com, MacCulloch is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -30.4% and a 0.0% success rate. MacCulloch covers the Basic Materials sector, focusing on stocks such as Tamarack Valley Energy Ltd, Athabasca Oil Corporation, and Freehold Royalties Ltd.
Currently, the analyst consensus on Husky Energy is a Hold with an average price target of C$19.27, implying a 27.1% upside from current levels. In a report issued on February 1, CIBC also maintained a Hold rating on the stock with a C$18 price target.
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$15.16.