Husky Energy (HSE), the Materials sector company, was revisited by a Wall Street analyst today. Analyst Paul Cheng from Barclays rated Husky Energy (HSE) a Buy, setting a C$20 price target.
According to TipRanks.com, Cheng is a 4-star analyst with an average return of 2.8% and a 49.8% success rate. Cheng covers the Basic Materials sector, focusing on stocks such as Petroleo Brasileiro SA- Petrobras, Imperial Oil Limited, and Occidental Petroleum.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Husky Energy with a C$21.30 average price target, a 41.8% upside from current levels. In a report released yesterday, Raymond James also maintained a Buy rating on the stock with a C$25 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 Thursday at C$15.02.
