Keyera Corp. (KEY) Received its Third Buy in a Row

By Jason Carr

Analysts seem to be optimistic about Keyera Corp. (KEYResearch Report) lately, as another research firm gave the stock a Buy rating today. Analyst Robert Hope from Scotiabank rated Keyera Corp. (KEYResearch Report) a Buy, setting a C$36 price target.

According to TipRanks.com, Hope is ranked #1541 out of 5194 analysts.

Keyera Corp. has an analyst consensus of Strong Buy, with a price target consensus of C$36.86, which is a 18.7% upside from current levels. In a report issued on February 7, Canaccord Genuity also reiterated a Buy rating on the stock with a C$38 price target.

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Based on Keyera Corp.’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of C$34.68 million. In comparison, last year the company had a net profit of C$88.05 million.

Keyera Corp. engages in the provision of energy midstream business. It involves in the exploration, and production of oil and gas and services including refining, distribution, as well as retail and marketing of finished products. It operates through the Gathering and Processing; and Liquid Business units.

The company’s shares closed on Friday at C$31.06.