Scotiabank Remains a Buy on Husky Energy (HSE)


The Materials sector company, Husky Energy (TSX: HSE), has received a rating update from a Wall Street analyst today. Analyst Jason Bouvier from Scotiabank remains bullish on the stock and has a C$24 price target.

Bouvier has an average return of 25.3% when recommending Husky Energy.

According to TipRanks.com, Bouvier is ranked #3644 out of 4878 analysts.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Husky Energy with a C$23.86 average price target, implying a 4.7% upside from current levels. In a report released yesterday, TD Securities also reiterated a Buy rating on the stock with a C$26 price target.

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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$4.54 billion and had a GAAP net loss of C$93 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$22.79.

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