Stifel Nicolaus Boosts Keyera (TSE:KEY) Price Target to C$40.00

Keyera (TSE:KEY) had its target price upped by investment analysts at Stifel Nicolaus from C$39.00 to C$40.00 in a research note issued on Wednesday, BayStreet.CA reports. Stifel Nicolaus’ price target would suggest a potential upside of 10.13% from the company’s current price.

Several other analysts also recently issued reports on KEY. TD Securities lifted their price target on shares of Keyera from C$37.00 to C$38.00 and gave the company a “buy” rating in a research report on Thursday, February 15th. Jefferies Financial Group set a C$38.00 target price on Keyera and gave the stock a “buy” rating in a research note on Tuesday, February 27th. National Bankshares lifted their target price on Keyera from C$33.00 to C$34.00 and gave the stock a “sector perform” rating in a research note on Tuesday, January 30th. CIBC lifted their target price on Keyera from C$35.00 to C$36.00 and gave the stock a “neutral” rating in a research note on Thursday, February 15th. Finally, Citigroup lifted their target price on Keyera from C$35.00 to C$37.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, Keyera presently has an average rating of “Moderate Buy” and an average price target of C$37.92.

Keyera Trading Up 0.6 %

Shares of TSE:KEY traded up C$0.20 during mid-day trading on Wednesday, hitting C$36.32. The company had a trading volume of 327,924 shares, compared to its average volume of 842,353. The firm has a fifty day moving average price of C$34.79 and a 200 day moving average price of C$33.34. The company has a market capitalization of C$8.32 billion, a PE ratio of 19.61, a price-to-earnings-growth ratio of 1.33 and a beta of 2.11. The company has a debt-to-equity ratio of 154.22, a current ratio of 1.34 and a quick ratio of 0.57. Keyera has a one year low of C$29.31 and a one year high of C$36.94.

Keyera (TSE:KEY) last released its quarterly earnings data on Wednesday, February 14th. The company reported C$0.93 earnings per share for the quarter, beating the consensus estimate of C$0.56 by C$0.37. The company had revenue of C$2.30 billion during the quarter, compared to analyst estimates of C$1.59 billion. Keyera had a net margin of 6.01% and a return on equity of 15.15%. As a group, research analysts forecast that Keyera will post 1.9336235 EPS 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.