Could Husky Energy Inc. Crash Even More? The Stock Had Another Big Decline Today


The stock of Husky Energy Inc. (TSE:HSE) is a huge mover today! The stock decreased 3.83% or $0.61 on September 13, hitting $15.3. About 991,340 shares traded hands or 33.21% up from the average. Husky Energy Inc. (TSE:HSE) has risen 20.71% since February 5, 2016 and is uptrending. It has outperformed by 4.22% the S&P500.
The move comes after 7 months negative chart setup for the $15.28 billion company. It was reported on Sep, 14 by We have $13.92 PT which if reached, will make TSE:HSE worth $1.38 billion less.

Out of 5 analysts covering Husky Energy Inc. (TSE:HSE), 5 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. $26 is the highest target while $16 is the lowest. The $20.71 average target is 35.36% above today’s ($15.3) stock price. Husky Energy Inc. has been the topic of 16 analyst reports since September 23, 2015 according to StockzIntelligence Inc. Desjardins Securities upgraded the stock on June 28 to “Buy” rating.

Husky Energy Inc. is an integrated energy company. The company has a market cap of $15.28 billion. The Company’s Upstream segment includes exploration, development and production of crude oil, bitumen, natural gas and natural gas liquids, and marketing of the Company’s and other producers’ crude oil, natural gas, natural gas liquids, sulfur and petroleum coke, pipeline transportation, the blending of natural gas and crude oil, and storage of crude oil, diluent and natural gas. It currently has negative earnings. Upstream activities are located primarily in Western Canada, offshore East Coast of Canada, offshore China and offshore Indonesia.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Leave a Reply