Canadian stock alert
CLOSING UPDATE: Husky Energy decreases gains by 0.1% on robust volume 21 September 2018 18:15 EDT
NEWS BITES - NORTH AMERICA
This is an end of day Alert, produced after today's Canadian market close. It concludes the BSS News Bites intra-day Alert series (summaries below).
Husky Energy, Canada's 3rd largest oil & gas - integrated company by market capitalisation, traded on heavy volume of 1.5 times average today while the price lifted 50.0c (or 2.4%) to trade at CAD21.72. Compared with the S&P/TSX 60 Index which rose 1.4 points (or 0.1%) in the day, this represented a relative price increase of 2.1%.
Technical indicators complementing today's significant uptrend:
+ The positive 0.05 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.
+ The 3.4% discount to 12-month high of CAD22.49 against the 45.4% premium to 12-month low of CAD14.94 suggests the stock continues to push for new highs.
+ The stock has outperformed 88% of the Canadian market over the past 6 months.
+ In the last three months the stock has hit a new 52-week high thirteen times, pointing to a significant uptrend.
+ The present value of CAD1,000 invested one year ago is CAD1,448 [vs CAD1,058 for the S&P/TSX 60 Index].
Other Bullish Signals include:
+ Total Liabilities/EBITDA of 4 is less than the Joseph Piotroski benchmark of <5.
+ Tobin's Q Ratio is 0.7. Compared with the rest of the market the stock is undervalued.
As per the Du Pont analysis, Return on Equity is less than stellar at 4.4%. Also, this has deteriorated from 5.2% last year.
Fundamental measures by comparison with the sector average [in brackets] indicate:
Price/Earnings of 29.0 [12.3]
Price to Book of 1.3 [0.8]
Dividend yield of 1.3% [2.6%]
Return on Equity 4.4% [7.1%]
Return on Assets 2.4% [3.4%]
Return on Capital Employed 2.8% [4.3%]
Afternoon Alert: Husky Energy lifts 2.5% on robust volume
21 September 2018 12:14 EDT
Husky Energy Inc. (TSX:HSE) traded on heavy volume of 1.5 times average so far today while the price lifted 52.50c (or 2.5%) to trade at CAD21.75.
CLOSING UPDATE: Husky Energy drops 2.7% on firm volume
20 September 2018 18:16 EDT
Husky Energy, Canada's 3rd largest oil & gas - integrated company by market capitalisation, traded on heavy volume of 1.2 times average today while the price dropped 60.0c (or 2.7%) to trade at CAD21.22. Compared with the S&P/TSX 60 Index which rose 3.5 points (or 0.4%) in the day, this represented a relative price change of -3.1%.
Afternoon Alert: Husky Energy down 3.1% in 2 days
20 September 2018 14:43 EDT
Husky Energy Inc. (TSX:HSE) extended its slide on Thursday, shedding an additional 57.0c (or 2.6%) to trade at CAD21.25. Trading volume was 1.5 times average so far today. The shares have fallen 68.0c (or 3.1%) over the past two trading days vs. the S&P/TSX 60 Index which has risen 0.2% in the same period.
Husky Energy Inc. (T:HSE; TSE:HSE; N:HSE; CN:HSE)
CIK: Husky Energy Inc.