Keyera (TSE:KEY) Given New C$55.00 Price Target at ATB Cormark Capital Markets

Keyera (TSE:KEY) had its target price hoisted by equities researchers at ATB Cormark Capital Markets from C$54.00 to C$55.00 in a report issued on Thursday,BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. ATB Cormark Capital Markets’ price objective indicates a potential downside of 4.68% from the company’s previous close.

Several other research analysts have also recently weighed in on KEY. Scotia boosted their price objective on shares of Keyera from C$55.00 to C$60.00 and gave the company a “sector outperform” rating in a report on Friday, May 15th. National Bank Financial boosted their price objective on shares of Keyera from C$48.00 to C$50.00 and gave the company a “sector perform” rating in a report on Friday, May 15th. TD Securities boosted their price objective on shares of Keyera from C$52.00 to C$56.00 and gave the company a “buy” rating in a report on Friday, February 13th. Barclays boosted their price objective on shares of Keyera from C$48.00 to C$53.00 and gave the company an “equal weight” rating in a report on Thursday, April 9th. Finally, Jefferies Financial Group set a C$65.00 price objective on shares of Keyera and gave the company a “buy” rating in a report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of C$57.36.

Keyera Stock Down 1.1%

Shares of TSE KEY traded down C$0.65 during midday trading on Thursday, hitting C$57.70. The stock had a trading volume of 551,141 shares, compared to its average volume of 1,452,528. The business’s 50 day moving average is C$52.68 and its 200-day moving average is C$48.10. The company has a market cap of C$13.23 billion, a P/E ratio of 73.04, a PEG ratio of 1.35 and a beta of 0.56. Keyera has a 52 week low of C$40.09 and a 52 week high of C$59.14. The company has a quick ratio of 0.57, a current ratio of 1.60 and a debt-to-equity ratio of 249.10.

Keyera (TSE:KEY) last released its quarterly earnings data on Thursday, May 14th. The company reported C($0.53) earnings per share for the quarter. Keyera had a net margin of 2.73% and a return on equity of 6.59%. The company had revenue of C$1.30 billion for the quarter. As a group, analysts predict that Keyera will post 2.2166667 EPS for the current year.

Keyera Company Profile

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.