Could Husky Energy Inc. See a Reversal After This Very Strong Session?

 Could Husky Energy Inc. See a Reversal After This Very Strong Session?

The stock of Husky Energy Inc. (TSE:HSE) is a huge mover today! About 223,925 shares traded hands. Husky Energy Inc. (TSE:HSE) has declined 5.50% since March 11, 2016 and is downtrending. It has underperformed by 10.98% the S&P500.
The move comes after 6 months positive chart setup for the $15.59 billion company. It was reported on Oct, 18 by Barchart.com. We have $21.89 PT which if reached, will make TSE:HSE worth $6.08 billion more.

Husky Energy Inc. (TSE:HSE) Ratings Coverage

Out of 6 analysts covering Husky Energy Inc. (TSE:HSE), 5 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 83% are positive. $32 is the highest target while $16 is the lowest. The $20.94 average target is 32.95% above today’s ($15.75) stock price. Husky Energy Inc. has been the topic of 21 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The company was upgraded on Tuesday, June 28 by Desjardins Securities. On Monday, June 6 the stock rating was maintained by Raymond James with “”. The firm has “Outperform” rating by BMO Capital Markets given on Monday, November 2. FirstEnergy Capital upgraded Husky Energy Inc. (TSE:HSE) on Thursday, November 5 to “Outperform” rating. RBC Capital Markets maintained Husky Energy Inc. (TSE:HSE) on Wednesday, December 9 with “Outperform” rating.

More notable recent Husky Energy Inc. (TSE:HSE) news were published by: Bloomberg.com which released: “Husky Oil and Gas Assets Said to Attract Teine, Raging River” on April 14, 2016, also Wsj.com with their article: “Canada’s Husky Energy Slashes Budget, Suspends Dividend” published on January 19, 2016, Moodys.com published: “Moody’s confirms Husky Energy’s Baa2 rating; outlook stable” on February 19, 2016. More interesting news about Husky Energy Inc. (TSE:HSE) were released by: Bloomberg.com and their article: “Husky Said Near Deals to Sell 5 E&P Packages for C$400 Million” published on May 11, 2016 as well as Theglobeandmail.com‘s news article titled: “Husky Energy oil spill threatens drinking water in Saskatchewan” with publication date: July 24, 2016.

Husky Energy Inc. is an integrated energy company. The company has a market cap of $15.59 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.

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