Keyera (TSE:KEY – Get Free Report) had its target price hoisted by research analysts at Citigroup from C$40.00 to C$46.00 in a research note issued to investors on Monday, BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Citigroup’s price objective points to a potential upside of 9.03% from the company’s previous close.
Several other research firms also recently weighed in on KEY. BMO Capital Markets boosted their target price on Keyera from C$40.00 to C$41.00 and gave the company a “hold” rating in a report on Thursday, September 5th. ATB Capital lifted their target price on shares of Keyera from C$36.00 to C$39.00 in a report on Wednesday, July 24th. Jefferies Financial Group increased their price target on shares of Keyera from C$39.00 to C$43.00 and gave the stock a “buy” rating in a report on Monday, July 29th. CIBC lifted their price objective on Keyera from C$37.00 to C$39.00 in a report on Monday, July 15th. Finally, Wells Fargo & Company raised their price target on Keyera from C$34.00 to C$35.00 in a report on Friday, May 31st. Three analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of C$40.55.
Read Our Latest Analysis on KEY
Keyera Trading Up 0.7 %
Keyera (TSE:KEY – Get Free Report) last announced its quarterly earnings results 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. Keyera had a net margin of 4.86% and a return on equity of 12.02%. The company had revenue of C$1.72 billion for the quarter. As a group, analysts anticipate that Keyera will post 2.1977492 earnings per share for the current fiscal year.
Insider Buying and Selling at Keyera
In other Keyera news, Senior Officer Eileen Marikar sold 1,888 shares of the firm’s stock in a transaction dated 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 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.
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