What’s Next for Husky Energy Inc. After Today’s Huge Decline?

 What's Next for Husky Energy Inc. After Today's Huge Decline?

The stock of Husky Energy Inc. (TSE:HSE) is a huge mover today! About 661,991 shares traded hands. Husky Energy Inc. (TSE:HSE) has declined 9.51% since April 1, 2016 and is downtrending. It has underperformed by 11.47% the S&P500.
The move comes after 9 months negative chart setup for the $14.04B company. It was reported on Nov, 8 by Barchart.com. We have $13.08 PT which if reached, will make TSE:HSE worth $1.12B less.

Husky Energy Inc. (TSE:HSE) Ratings Coverage

Out of 7 analysts covering Husky Energy Inc. (TSE:HSE), 5 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 71% are positive. $32 is the highest target while $16 is the lowest. The $18.83 average target is 32.42% above today’s ($14.22) stock price. Husky Energy Inc. has been the topic of 25 analyst reports since July 21, 2015 according to StockzIntelligence Inc. As per Thursday, November 5, the company rating was upgraded by FirstEnergy Capital. RBC Capital Markets maintained the stock with “Outperform” rating in Wednesday, October 26 report. Raymond James maintained Husky Energy Inc. (TSE:HSE) on Monday, June 6 with “” rating. The company was upgraded on Monday, November 2 by BMO Capital Markets. The stock of Husky Energy Inc. (TSE:HSE) has “Outperform” rating given on Wednesday, December 9 by RBC Capital Markets. The stock has “Buy” rating given by Desjardins Securities on Tuesday, June 28.

More notable recent Husky Energy Inc. (TSE:HSE) news were published by: Reuters.com which released: “REFILE-UPDATE 2-Husky Energy cuts 2016 capex for second time amid oil slum…” on October 27, 2016, also Wsj.com with their article: “Husky Energy to Sell Stake in Assets to Li Ka-shing-Controlled Companies” published on April 26, 2016, Wsj.com published: “Canada’s Husky Energy Slashes Budget, Suspends Dividend” on January 19, 2016. More interesting news about Husky Energy Inc. (TSE:HSE) were released by: Fool.ca and their article: “Husky Energy Inc: Is a Big Dividend Coming?” published on September 13, 2016 as well as Moodys.com‘s news article titled: “Moody’s confirms Husky Energy’s Baa2 rating; outlook stable” with publication date: February 19, 2016.

Husky Energy Inc. is an integrated energy company. The company has a market cap of $14.04 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 has a 22.84 P/E ratio. Upstream activities are located primarily in Western Canada, offshore East Coast of Canada, offshore China and offshore Indonesia.

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