ATB Cormark Capital Markets Issues Positive Forecast for Keyera (TSE:KEY) Stock Price

Keyera (TSE:KEY) had its price target hoisted by research analysts at ATB Cormark Capital Markets from C$52.00 to C$54.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. ATB Cormark Capital Markets’ target price would suggest a potential downside of 5.00% from the company’s previous close.

KEY has been the topic of several other research reports. BMO Capital Markets increased their price target on Keyera from C$55.00 to C$60.00 and gave the company an “outperform” rating in a report on Friday. Raymond James Financial increased their price target on Keyera from C$63.00 to C$66.00 in a report on Monday, March 30th. TD increased their price target on Keyera from C$60.00 to C$61.00 and gave the company a “buy” rating in a report on Friday. Barclays increased their target price on Keyera from C$48.00 to C$53.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 9th. Finally, Citigroup increased their target price on Keyera from C$51.00 to C$58.00 and gave the stock a “buy” rating in a research note on Monday, February 23rd. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of C$56.69.

Keyera Trading Up 3.1%

TSE:KEY traded up C$1.73 during midday trading on Friday, hitting C$56.84. 1,431,462 shares of the company traded hands, compared to its average volume of 1,404,326. The firm’s fifty day moving average is C$52.26 and its 200-day moving average is C$47.64. Keyera has a 12-month low of C$40.09 and a 12-month high of C$57.22. The firm has a market capitalization of C$13.03 billion, a P/E ratio of 30.07, a P/E/G ratio of 1.35 and a beta of 0.56. The company has a current ratio of 1.76, a quick ratio of 0.57 and a debt-to-equity ratio of 227.74.

Keyera (TSE:KEY) last released its quarterly earnings results on Thursday, May 14th. The company reported C($0.53) earnings per share for the quarter. Keyera had a net margin of 6.34% and a return on equity of 15.39%. The company had revenue of C$1.30 billion for the quarter. On average, sell-side 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.