Keyera (TSE:KEY) Raised to “Outperform” at National Bank Financial

Keyera (TSE:KEY) was upgraded by investment analysts at National Bank Financial from a “sector perform” rating to an “outperform” rating in a research note issued on Tuesday,BayStreet.CA reports. The firm currently has a C$61.00 target price on the stock, up from their previous target price of C$56.00. National Bank Financial’s price target would suggest a potential upside of 7.77% from the stock’s previous close.

Several other equities analysts have also recently commented on KEY. Scotiabank increased their price target on shares of Keyera from C$60.00 to C$65.00 in a research report on Tuesday. Barclays increased their price target on shares of Keyera from C$48.00 to C$53.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 9th. Canadian Imperial Bank of Commerce increased their price target on shares of Keyera from C$63.00 to C$65.00 in a research report on Tuesday. TD set a C$68.00 price objective on shares of Keyera and gave the stock a “buy” rating in a research note on Tuesday, June 9th. Finally, Scotia increased their price objective on shares of Keyera from C$55.00 to C$60.00 and gave the stock a “sector outperform” rating in a research note on Friday, May 15th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, Keyera presently has a consensus rating of “Moderate Buy” and an average target price of C$60.64.

Keyera Stock Down 1.0%

Shares of KEY stock traded down C$0.60 during trading hours on Tuesday, hitting C$56.60. 684,666 shares of the company were exchanged, compared to its average volume of 1,530,922. The company has a debt-to-equity ratio of 249.10, a quick ratio of 0.57 and a current ratio of 1.60. Keyera has a one year low of C$40.09 and a one year high of C$59.99. The business’s 50-day simple moving average is C$54.10 and its two-hundred day simple moving average is C$50.03. The stock has a market capitalization of C$12.98 billion, a price-to-earnings ratio of 71.65, a P/E/G ratio of 1.35 and a beta of 0.47.

Keyera (TSE:KEY) last issued its quarterly earnings results on Thursday, May 14th. The company reported C($0.53) EPS for the quarter. Keyera had a return on equity of 6.59% and a net margin of 2.73%.The company had revenue of C$1.30 billion for the quarter. Sell-side analysts predict that Keyera will post 2.2166667 EPS for the current fiscal 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.