Keyera’s (KEY) Buy Rating Reaffirmed at Tudor Pickering

Keyera (TSE:KEY)‘s stock had its “buy” rating reissued by research analysts at Tudor Pickering in a report issued on Wednesday, Stock Target Advisor reports. They currently have a C$34.00 price target on the stock. Tudor Pickering’s price target would suggest a potential upside of 15.33% from the stock’s current price.

Other analysts have also recently issued reports about the stock. BMO Capital Markets restated a “market perform” rating on shares of Keyera in a report on Tuesday, September 21st. Royal Bank of Canada dropped their price objective on shares of Keyera from C$36.00 to C$34.00 and set an “outperform” rating on the stock in a research note on Thursday, November 4th. CIBC cut shares of Keyera from an “outperform” rating to a “hold” rating and dropped their price target for the company from C$36.00 to C$34.00 in a research note on Thursday, October 21st. Raymond James set a C$33.00 price target on shares of Keyera and gave the company an “outperform” rating in a research note on Thursday, November 4th. Finally, National Bankshares lifted their target price on shares of Keyera from C$35.00 to C$36.00 and gave the stock an “outperform” rating in a research note on Friday, August 6th. Five equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Keyera presently has an average rating of “Buy” and an average target price of C$34.19.

Shares of Keyera stock opened at C$29.48 on Wednesday. The company has a debt-to-equity ratio of 132.45, a current ratio of 1.14 and a quick ratio of 0.76. Keyera has a 1 year low of C$22.13 and a 1 year high of C$35.75. The firm’s 50-day moving average is C$31.42 and its two-hundred day moving average is C$31.73. The stock has a market cap of C$6.52 billion and a price-to-earnings ratio of 40.89.

Keyera (TSE:KEY) last issued its earnings results on Wednesday, November 3rd. The company reported C$0.35 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.40 by C($0.05). The business had revenue of C$1.20 billion for the quarter. On average, equities analysts expect that Keyera will post 1.9803266 earnings per share for the current year.

Keyera Company Profile

Keyera Corp. engages in the energy infrastructure business in Canada. It operates through Gathering and Processing, Liquids Infrastructure, and Marketing segments. The company's Gathering and Processing segment owns and operates raw gas gathering pipelines and processing plants, which collect and process raw natural gas, remove waste products, and separate the economic components primarily natural gas liquids; and provides condensate handling services.

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Analyst Recommendations for Keyera (TSE:KEY)

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