AltaCorp Captial Remains a Hold on Husky Energy

By Carrie Williams

In a latest note to investors, a research analyst has provided a rating update for the Materials sector company, Husky Energy (TSX: HSE). On December 4, analyst Nick Lupick gave a Hold rating to HSE and set a C$18 price target.

According to TipRanks.com, Lupick is ranked #1508 out of 4729 analysts.

Currently, the analyst consensus on Husky Energy is Hold and the average price target is C$17.50, representing an 11.4% upside.

In a report issued on December 4, Canaccord Genuity also assigned a Hold rating to the stock with a C$17 price target.

Based on Husky Energy’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of C$4.67 billion and quarterly net profit of C$136 million. In comparison, last year the company earned revenue of C$3.44 billion and had a net profit of C$1.39 billion.

Husky Energy, Inc. is an international integrated energy company. It operates through the Upstream and Downstream segments.

The company’s shares closed on Wednesday at C$15.71.