Keyera Corp Forecasted to Post FY2016 Earnings of $1.39 Per Share (KEY)
Keyera Corp (TSE:KEY) – Equities research analysts at Raymond James Financial lowered their FY2016 earnings per share (EPS) estimates for Keyera Corp in a research note issued to investors on Thursday. Raymond James Financial analyst C. Cox now anticipates that the firm will post earnings of $1.39 per share for the year, down from their prior forecast of $1.55. Raymond James Financial also issued estimates for Keyera Corp’s FY2017 earnings at $1.69 EPS.
Several other brokerages have also weighed in on KEY. Scotiabank reaffirmed a “sector perform” rating and issued a C$40.00 target price on shares of Keyera Corp in a research report on Wednesday, August 3rd. Royal Bank Of Canada reissued an “outperform” rating on shares of Keyera Corp in a research note on Wednesday. CIBC increased their price target on Keyera Corp from C$45.00 to C$47.00 in a research note on Wednesday, October 19th. TD Securities reissued a “hold” rating and issued a C$42.00 price target on shares of Keyera Corp in a research note on Thursday, August 11th. Finally, National Bank Financial increased their price target on Keyera Corp from C$48.00 to C$49.00 in a research note on Monday, July 18th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of C$43.68.
Keyera Corp (TSE:KEY) opened at 37.41 on Friday. The firm has a market cap of $7.00 billion and a P/E ratio of 32.67. Keyera Corp has a 52 week low of $32.87 and a 52 week high of $43.21. The company 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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