BMO Capital Markets Has Lowered Expectations for Keyera (TSE:KEY) Stock Price

Keyera (TSE:KEY) had its price target cut by research analysts at BMO Capital Markets from C$54.00 to C$51.00 in a research note issued on Friday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. BMO Capital Markets’ price target would suggest a potential upside of 22.45% from the company’s previous close.

A number of other equities analysts also recently commented on KEY. National Bankshares boosted their target price on shares of 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 reduced their price target on Keyera from C$45.00 to C$43.00 in a research report on Thursday. Finally, CIBC raised their price objective on Keyera from C$56.00 to C$57.00 and gave the stock an “outperform” rating in a research report on Thursday, October 9th. Three equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, Keyera has a consensus rating of “Buy” and a consensus target price of C$51.09.

Keyera Stock Up 0.2%

Shares of TSE KEY opened at C$41.65 on Friday. Keyera has a 12-month low of C$37.80 and a 12-month high of C$47.12. The stock’s fifty day simple moving average is C$43.47 and its two-hundred day simple moving average is C$43.87. The stock has a market capitalization of C$9.55 billion, a PE ratio of 22.27, a price-to-earnings-growth ratio of 1.35 and a beta of 0.53. The company has a current ratio of 1.31, a quick ratio of 0.57 and a debt-to-equity ratio of 137.59.

Keyera (TSE:KEY) last released its quarterly earnings results on Friday, November 14th. The company reported C$0.79 EPS for the quarter. The firm had revenue of C$1.79 billion during the quarter. Keyera had a return on equity of 16.05% and a net margin of 5.97%. As a group, analysts expect that Keyera will post 2.2166667 EPS for the current fiscal year.

About Keyera

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.