Keyera (TSE:KEY) Lifted to Moderate Buy at Raymond James

Keyera (TSE:KEY) was upgraded by stock analysts at Raymond James to a “moderate buy” rating in a note issued to investors on Thursday, Zacks.com reports.

Several other equities research analysts also recently commented on the stock. Royal Bank of Canada upped their price objective on shares of Keyera from C$44.00 to C$45.00 and gave the company an “outperform” rating in a report on Thursday, October 3rd. CIBC increased their price target on shares of Keyera from C$37.00 to C$39.00 in a report on Monday, July 15th. BMO Capital Markets increased their price target on shares of Keyera from C$40.00 to C$41.00 and gave the stock a “hold” rating in a report on Thursday, September 5th. Scotiabank increased their price target on shares of Keyera from C$40.00 to C$42.00 and gave the stock an “outperform” rating in a report on Monday, July 15th. Finally, ATB Capital increased their price target on shares of Keyera from C$36.00 to C$39.00 in a report on Wednesday, July 24th. Three investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Keyera currently has a consensus rating of “Moderate Buy” and an average target price of C$41.50.

Keyera Price Performance

TSE KEY opened at C$43.94 on Thursday. The company has a market cap of C$10.07 billion, a PE ratio of 29.49, a price-to-earnings-growth ratio of 1.35 and a beta of 2.09. Keyera has a 52 week low of C$31.16 and a 52 week high of C$44.56. The company has a quick ratio of 0.57, a current ratio of 1.30 and a debt-to-equity ratio of 143.51. The firm’s 50-day simple moving average is C$40.83 and its two-hundred day simple moving average is C$37.93.

Keyera (TSE:KEY) last released its quarterly earnings data on Thursday, August 8th. The company reported C$0.62 EPS for the quarter, beating the consensus estimate of C$0.54 by C$0.08. The business had revenue of C$1.72 billion for the quarter. Keyera had a net margin of 4.86% and a return on equity of 12.02%. Research analysts predict that Keyera will post 2.2166667 earnings per share for the current year.

Insider Buying and Selling

In other Keyera news, Senior Officer Eileen Marikar sold 1,888 shares of the stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of C$39.70, for a total transaction of C$74,953.79. 0.39% of the stock is owned by company insiders.

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.