Barclays Issues Pessimistic Forecast for Keyera (TSE:KEY) Stock Price

Keyera (TSE:KEY) had its price target lowered by equities research analysts at Barclays from C$45.00 to C$43.00 in a note issued to investors on Thursday,BayStreet.CA reports. Barclays‘s price target indicates a potential upside of 3.24% from the stock’s current price.

Other equities research analysts also recently issued reports about the company. CIBC increased their price objective on Keyera from C$56.00 to C$57.00 and gave the company an “outperform” rating in a report on Thursday, October 9th. National Bankshares upped their price target on shares of Keyera from C$45.00 to C$48.00 and gave the company a “sector perform” rating in a research report on Wednesday, December 17th. Three analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of C$51.09.

Keyera Stock Up 0.2%

KEY opened at C$41.65 on Thursday. The business’s 50-day simple moving average is C$43.47 and its 200-day simple moving average is C$43.87. The company has a debt-to-equity ratio of 137.59, a quick ratio of 0.57 and a current ratio of 1.31. Keyera has a one year low of C$37.80 and a one year high of C$47.12. The stock has a market capitalization of C$9.55 billion, a P/E ratio of 22.27, a price-to-earnings-growth ratio of 1.35 and a beta of 0.53.

Keyera (TSE:KEY) last announced its earnings results on Friday, November 14th. The company reported C$0.79 earnings per share (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%. Analysts anticipate that Keyera will post 2.2166667 EPS for the current 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.