A Wall Street analyst has provided a review for the Materials company today, but retained the same rating on the stock. Analyst Chris Cox from Raymond James reiterated a Buy rating on Keyera Corp. (KEY), with a C$42 price target.
According to TipRanks.com, Cox is a 1-star analyst with an average return of -1.3% and a 42.6% success rate. Cox covers the Basic Materials sector, focusing on stocks such as Athabasca Oil Corporation, Pengrowth Energy Corp, and Crescent Point Energy.
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Currently, the analyst consensus on Keyera Corp. is a Strong Buy with an average price target of C$39.56, implying a 16.8% upside from current levels. In a report released today, Credit Suisse also upgraded the stock to Buy with a C$40 price target.
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Based on Keyera Corp.’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of C$33.8 million. In comparison, last year the company had a net profit of C$107 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 Wednesday at C$33.88.
