BMO Capital Markets Issues Pessimistic Forecast for Keyera (TSE:KEY) Stock Price

by · The Cerbat Gem

Keyera (TSE:KEY – Get Free Report) had its price target lowered by research analysts at BMO Capital Markets from C$54.00 to C$51.00 in a research report issued on Friday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. BMO Capital Markets’ target price indicates a potential upside of 22.21% from the stock’s current price.

Several other equities research analysts also recently commented on the company. National Bankshares boosted their target price on Keyera from C$45.00 to C$48.00 and gave the stock a “sector perform” rating in a report on Wednesday, December 17th. Barclays cut their price objective on shares of Keyera from C$45.00 to C$43.00 in a research report on Thursday. Finally, CIBC lifted their target price on shares of Keyera from C$56.00 to C$57.00 and gave the stock an “outperform” rating in a report on Thursday, October 9th. Three research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Keyera currently has a consensus rating of “Buy” and an average price target of C$51.09.

Read Our Latest Stock Report on KEY

Keyera Stock Up 0.4%

TSE KEY traded up C$0.15 during trading hours on Friday, reaching C$41.73. 382,319 shares of the company’s stock traded hands, compared to its average volume of 1,727,520. Keyera has a 52-week low of C$37.80 and a 52-week high of C$47.12. The company has a debt-to-equity ratio of 137.59, a current ratio of 1.31 and a quick ratio of 0.57. The firm has a 50-day simple moving average of C$43.47 and a 200 day simple moving average of C$43.88. The firm has a market cap of C$9.57 billion, a PE ratio of 22.32, a PEG ratio of 1.35 and a beta of 0.53.

Keyera (TSE:KEY – Get Free Report) last announced its earnings results on Friday, November 14th. The company reported C$0.79 earnings per share for the quarter. Keyera had a net margin of 5.97% and a return on equity of 16.05%. The business had revenue of C$1.79 billion during the quarter. Sell-side analysts anticipate that Keyera will post 2.2166667 EPS for the current fiscal year.

Keyera Company Profile

(Get Free Report)

Keyera is a midstream energy business that operates primarily out of Alberta, Canada. Its primary lines of business consist of the gathering and processing of natural gas in western Canada, the storage, transportation, and liquids blending for NGLS and crude oil, and the marketing of NGLs, iso-octane, and crude oil. The firm currently has interests in about a dozen active gas plants and operates over 4,000 km of pipelines.

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