TD Securities upgraded shares of Husky Energy (TSE:HSE) from a hold rating to a buy rating in a research report released on Thursday, BayStreet.CA reports. TD Securities currently has C$18.00 price target on the stock, up from their prior price target of C$17.00.
Other equities analysts also recently issued reports about the stock. Morgan Stanley lowered their target price on shares of Husky Energy from C$21.00 to C$18.00 in a report on Wednesday, January 30th. Barclays lowered their target price on shares of Husky Energy from C$26.00 to C$20.00 in a report on Thursday, January 10th. Canaccord Genuity lowered their target price on shares of Husky Energy from C$19.00 to C$17.00 in a report on Thursday, January 10th. JPMorgan Chase & Co. lowered their target price on shares of Husky Energy from C$21.00 to C$19.00 in a report on Wednesday, January 9th. Finally, Raymond James lowered their target price on shares of Husky Energy from C$25.00 to C$22.00 in a report on Thursday, January 31st. Seven analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of Hold and a consensus target price of C$18.09.
Shares of HSE opened at C$14.49 on Thursday. The firm has a market cap of $14.56 billion and a P/E ratio of 10.35. Husky Energy has a 1-year low of C$13.21 and a 1-year high of C$22.99. The company has a debt-to-equity ratio of 31.68, a quick ratio of 0.86 and a current ratio of 1.14.
The business also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Monday, April 1st were issued a $0.125 dividend. The ex-dividend date was Monday, March 18th. This represents a $0.50 annualized dividend and a dividend yield of 3.45%. Husky Energy’s dividend payout ratio is currently 28.57%.
In related news, Director Robert John Peabody acquired 3,200 shares of the firm’s stock in a transaction on Thursday, March 7th. The shares were purchased at an average cost of C$14.14 per share, for a total transaction of C$45,248.00. Following the completion of the acquisition, the director now directly owns 153,413 shares in the company, valued at C$2,169,259.82.
About Husky Energy
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.
Featured Article: Are FAANG stocks a good investment?
Receive News & Ratings for Husky Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Husky Energy and related companies with MarketBeat.com's FREE daily email newsletter.