Canadian stock alert

CANA

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.

Note

Bearish Signals:

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:

Overvaluation:

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%]

TODAY'S ALERT

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.

RECENT ALERTS

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)

ISIN: CA4480551031

PermID: 4295861516

CIK: Husky Energy Inc.

Source: www.BuySellSignals.com