Husky Energy (TSE:HSE) Shares Down 1.1%

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Husky Energy Inc. (TSE:HSE)’s stock price was down 1.1% during mid-day trading on Monday . The company traded as low as C$3.62 and last traded at C$3.66. Approximately 1,936,925 shares changed hands during mid-day trading, a decline of 47% from the average daily volume of 3,667,120 shares. The stock had previously closed at C$3.70.

A number of research analysts have recently commented on HSE shares. Tudor Pickering & Holt set a C$5.00 price objective on shares of Husky Energy and gave the company a “hold” rating in a research note on Monday, August 17th. TD Securities set a C$4.50 target price on shares of Husky Energy and gave the stock a “hold” rating in a research report on Monday, June 1st. Morgan Stanley upped their price target on Husky Energy from C$4.00 to C$5.25 in a report on Wednesday, July 8th. Raymond James set a C$4.00 target price on Husky Energy and gave the company an “underperform” rating in a research note on Friday, July 31st. Finally, Goldman Sachs Group set a C$4.00 target price on Husky Energy and gave the company a “sell” rating in a research note on Friday, August 7th. Three investment analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of C$5.27.

The business has a 50-day moving average price of C$4.41 and a two-hundred day moving average price of C$4.35. The company has a market cap of $3.64 billion and a P/E ratio of -0.88. The company has a quick ratio of 0.54, a current ratio of 0.92 and a debt-to-equity ratio of 46.34.

Husky Energy (TSE:HSE) last released its quarterly earnings data on Thursday, July 30th. The company reported C($0.31) EPS for the quarter, beating analysts’ consensus estimates of C($0.55) by C$0.24. The company had revenue of C$2.38 billion during the quarter, compared to the consensus estimate of C$2.79 billion. As a group, sell-side analysts expect that Husky Energy Inc. will post -0.17 EPS for the current fiscal year.

About Husky Energy (TSE:HSE)

Husky Energy Inc, together with its subsidiaries, operates as an integrated energy company. It operates through two segments, Upstream and Downstream. The Upstream segment engages in the exploration for, and development and production of crude oil, bitumen, natural gas, and natural gas liquids (NGL); marketing of the company's and other producers' crude oil, natural gas, NGL, sulphur, and petroleum coke; pipeline transportation and blending of crude oil and natural gas; and storage of crude oil, diluent, and natural gas.

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