Keyera Corp (KEY) Forecasted to Earn FY2016 Earnings of $1.37 Per Share
Keyera Corp (TSE:KEY) – Desjardins decreased their FY2016 earnings per share estimates for Keyera Corp in a report released on Thursday. Desjardins analyst J. Bouchard now anticipates that the brokerage will post earnings per share of $1.37 for the year, down from their prior estimate of $1.45. Desjardins also issued estimates for Keyera Corp’s FY2017 earnings at $1.65 EPS.
Other equities research analysts have also recently issued reports about the stock. CIBC dropped their target price on shares of Keyera Corp from C$46.00 to C$45.00 in a research report on Wednesday, July 20th. National Bank Financial raised their target price on shares of Keyera Corp from C$48.00 to C$49.00 in a research report on Monday, July 18th. FirstEnergy Capital raised their target price on shares of Keyera Corp from C$38.00 to C$42.50 in a research report on Thursday, August 11th. TD Securities reaffirmed a “hold” rating and issued a C$42.00 target price on shares of Keyera Corp in a research report on Thursday, August 11th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Keyera Corp in a research report on Wednesday. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Keyera Corp currently has a consensus rating of “Buy” and an average target price of C$43.68.
Shares of Keyera Corp (TSE:KEY) opened at 37.41 on Friday. The company has a market capitalization of $7.00 billion and a P/E ratio of 32.67. Keyera Corp has a 12 month low of $32.87 and a 12 month high of $43.21. The firm has a 50-day moving average of $40.78 and a 200-day moving average of $39.37.
Keyera Corp Company Profile
Keyera Corp. is engaged in energy midstream businesses, and operates in oil and gas sector between upstream and downstream sectors. The Company is organized into two business units: Gathering and Processing Business Unit and Liquids Business Unit. It owns and operates raw gas gathering pipelines and processing plants, which collects and processes raw natural gas, removes waste products and separates the economic components through its Gathering and Processing Business Unit.
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