RBC Capital Keeps Their Hold Rating on Husky Energy

By Austin Angelo

Husky Energy (TSX: HSE), the Materials sector company, has received a rating update from a Wall Street analyst yesterday. Analyst Matt Barasch from RBC Capital rated Husky Energy (TSX: HSE) a Hold, setting a C$18 price target.

According to TipRanks.com, Barasch is a 3-star analyst with an average return of 8.4% and a 72.0% success rate. Barasch covers the Services sector, focusing on stocks such as Thomson Reuters Corp, Ritchie Bros, and Netflix.

Husky Energy has an analyst consensus of Moderate Buy, with a price target consensus of C$18.50.

Husky Energy’s market cap is currently C$15.81B and has a P/E ratio of 11.2.

Husky Energy, Inc. is an international integrated energy company. It operates its business through two segments: Upstream and Downstream. The Upstream segment includes the exploration for, development, production and marketing of crude oil, bitumen, natural gas and natural gas liquids. The Downstream segment includes refined petroleum products, including gasoline, diesel, ethanol blended fuels, ethanol, asphalt and ancillary products. The company was founded in 1938 and is headquartered in Calgary, Canada.

The company’s shares closed last Monday at $15.72.