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An announcement from Keyera Corp. ( (TSE:KEY) ) is now available.
Keyera Corp. has successfully completed its consent solicitation for its outstanding hybrid notes, receiving strong support from noteholders. This approval allows for amendments to the indentures governing the notes, resulting in the exchange of the 2019 and 2021 Notes for new notes with similar economic terms but without automatic conversion provisions. This alignment of hybrid instruments is expected to maintain consistent credit ratings and strengthen Keyera’s financial positioning.
The most recent analyst rating on (TSE:KEY) stock is a Buy with a C$53.00 price target. To see the full list of analyst forecasts on Keyera Corp. stock, see the TSE:KEY Stock Forecast page.
Spark’s Take on TSE:KEY Stock
According to Spark, TipRanks’ AI Analyst, TSE:KEY is a Outperform.
Keyera Corp. scores well due to strong earnings call highlights and solid valuation metrics. Financial performance is stable, though recent revenue and cash flow challenges need addressing. Technical analysis suggests caution with bearish momentum, but valuation and strategic growth initiatives provide a positive outlook.
To see Spark’s full report on TSE:KEY stock, click here.
More about Keyera Corp.
Keyera Corp. operates an integrated Canadian-based energy infrastructure business with extensive interconnected assets. The company specializes in natural gas gathering and processing, natural gas liquids processing, transportation, storage, marketing, iso-octane production and sales, and maintains a leading condensate system in the Edmonton/Fort Saskatchewan area of Alberta. Keyera is committed to providing high-quality, value-added services across North America, emphasizing ethical, safe, and environmentally responsible business practices.
Average Trading Volume: 1,172,313
Technical Sentiment Signal: Buy
Current Market Cap: C$9.49B
Find detailed analytics on KEY stock on TipRanks’ Stock Analysis page.