Keyera (TSE:KEY) Stock Rating Reaffirmed by Tudor Pickering

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

KEY has been the subject of several other reports. BMO Capital Markets reaffirmed a “market perform” rating on shares of Keyera in a report on Tuesday, September 21st. Tudor Pickering & Holt set a C$34.00 price objective on shares of Keyera and gave the company a “buy” rating in a research report on Wednesday. National Bankshares raised their price objective on shares of Keyera from C$35.00 to C$36.00 and gave the company an “outperform” rating in a research report on Friday, August 6th. Royal Bank of Canada reduced their target price on shares of Keyera from C$36.00 to C$34.00 and set an “outperform” rating on the stock in a report on Thursday, November 4th. Finally, National Bank Financial increased their target price on shares of Keyera to C$36.00 and gave the company an “outperform” rating in a report on Friday, August 6th. Five investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, Keyera has an average rating of “Buy” and an average price target of C$34.19.

KEY 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 fifty-two week low of C$22.13 and a fifty-two week high of C$35.75. The firm has a market capitalization of C$6.52 billion and a PE ratio of 40.89. The company’s 50-day moving average is C$31.42 and its 200 day moving average is C$31.73.

Keyera (TSE:KEY) last released its earnings results on Wednesday, November 3rd. The company reported C$0.35 earnings per share for the quarter, missing the Zacks’ consensus estimate of C$0.40 by C($0.05). The firm had revenue of C$1.20 billion for the quarter. As a group, analysts expect that Keyera will post 1.9803266 EPS for the current year.

About Keyera

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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