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

Keyera (TSE:KEY) was upgraded by equities researchers at National Bank Financial from a “sector perform” rating to an “outperform” rating in a research report issued on Tuesday,BayStreet.CA reports. The brokerage presently has a C$61.00 price target on the stock, up from their previous price target of C$56.00. National Bank Financial’s price target indicates a potential upside of 7.77% from the company’s current price.

A number of other brokerages have also recently weighed in on KEY. Scotiabank upped their price target on shares of Keyera from C$60.00 to C$65.00 in a research report on Tuesday. Canadian Imperial Bank of Commerce upped their price target on shares of Keyera from C$63.00 to C$65.00 in a research report on Tuesday. ATB Cormark Capital Markets upped their price target on shares of Keyera from C$55.00 to C$58.00 and gave the stock a “sector perform” rating in a research report on Tuesday. Jefferies Financial Group set a C$65.00 price target on shares of Keyera and gave the stock a “buy” rating in a research report on Tuesday, May 19th. Finally, Barclays upped 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 research report on Thursday, April 9th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$60.64.

Keyera Stock Down 1.0%

Keyera stock traded down C$0.60 during trading on Tuesday, reaching C$56.60. 684,666 shares of the company’s stock were exchanged, compared to its average volume of 1,530,922. The company’s 50-day moving average is C$54.10 and its two-hundred day moving average is C$50.03. 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 52-week low of C$40.09 and a 52-week high of C$59.99. The firm has a market cap of C$12.98 billion, a price-to-earnings ratio of 71.65, a PEG ratio of 1.35 and a beta of 0.47.

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