Keyera (TSE:KEY) PT Raised to C$38.00

Keyera (TSE:KEY) had its price target increased by Stifel Nicolaus from C$32.00 to C$38.00 in a report released on Thursday, BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ price objective would indicate a potential upside of 6.77% from the stock’s current price.

KEY has been the subject of several other research reports. BMO Capital Markets increased their target price on shares of Keyera from C$35.00 to C$36.00 and gave the company a “market perform” rating in a report on Thursday, February 15th. Jefferies Financial Group set a C$38.00 target price on shares of Keyera and gave the company a “buy” rating in a research note on Tuesday, February 27th. CIBC raised their price target on shares of Keyera from C$35.00 to C$36.00 and gave the stock a “neutral” rating in a report on Thursday, February 15th. National Bankshares raised their price target on shares of Keyera from C$33.00 to C$34.00 and gave the stock a “sector perform” rating in a report on Tuesday, January 30th. Finally, Citigroup lifted their target price on shares of Keyera from C$35.00 to C$37.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, Keyera presently has an average rating of “Moderate Buy” and an average target price of C$36.67.

Keyera Trading Up 0.4 %

TSE:KEY opened at C$35.59 on Thursday. The firm’s fifty day moving average is C$34.42 and its 200-day moving average is C$33.12. The company has a debt-to-equity ratio of 154.22, a quick ratio of 0.57 and a current ratio of 1.34. Keyera has a 52 week low of C$29.31 and a 52 week high of C$35.97. The firm has a market cap of C$8.16 billion, a P/E ratio of 19.24, a P/E/G ratio of 1.33 and a beta of 2.12.

Keyera (TSE:KEY) last released its earnings results on Wednesday, February 14th. The company reported C$0.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.56 by C$0.37. Keyera had a net margin of 6.01% and a return on equity of 15.15%. The company had revenue of C$2.30 billion for the quarter, compared to the consensus estimate of C$1.59 billion. Equities analysts expect that Keyera will post 1.9117965 earnings per share for the current year.

About Keyera

Keyera Corp. engages in the gathering and processing of natural gas; and transportation, storage, and marketing of natural gas liquids (NGLs) in Canada and the United States. It operates through three segments: Gathering and Processing, Liquids Infrastructure, and Marketing. The Gathering and Processing segment owns and operates raw gas gathering pipelines and processing plants, which collect and process raw natural gas, remove waste products, and separate the economic components primarily natural gas liquids; and provides gas handling and other ancillary services, such as NGL extraction, NGL handling and loading services, and condensate stabilization services.