Husky Energy (TSE:HSE) Hits New 52-Week Low at $8.71
Shares of Husky Energy Inc. (TSE:HSE) reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as C$8.71 and last traded at C$8.84, with a volume of 170954 shares trading hands. The stock had previously closed at C$8.85.
HSE has been the topic of a number of recent research reports. Royal Bank of Canada cut their target price on Husky Energy from C$17.00 to C$15.00 in a research note on Thursday, July 18th. CIBC cut their target price on Husky Energy from C$15.50 to C$13.00 in a research note on Friday, July 26th. Goldman Sachs Group raised their target price on Husky Energy from C$13.00 to C$14.00 in a research note on Tuesday, April 16th. Canaccord Genuity cut their target price on Husky Energy from C$16.00 to C$14.00 in a research note on Tuesday, July 9th. Finally, Craig Hallum cut their price objective on shares of Husky Energy from C$21.00 to C$18.00 and set a “neutral” rating on the stock in a research note on Monday, July 8th. Nine research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of C$16.13.
The stock has a fifty day moving average price of C$11.24. The stock has a market capitalization of $9.00 billion and a PE ratio of 6.45. The company has a debt-to-equity ratio of 39.06, a current ratio of 1.13 and a quick ratio of 0.81.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Tuesday, October 1st will be issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 5.57%. The ex-dividend date is Friday, August 30th. Husky Energy’s payout ratio is currently 35.97%.
In other news, Director Robert John Peabody bought 10,000 shares of the stock in a transaction that occurred on Monday, July 29th. The shares were purchased at an average cost of C$10.01 per share, with a total value of C$100,100.00. Following the completion of the acquisition, the director now directly owns 195,213 shares in the company, valued at C$1,954,082.13.
Husky Energy Company Profile (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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