Keyera (TSE:KEY – Get Free Report) had its price target boosted by equities researchers at Jefferies Financial Group from C$43.00 to C$47.00 in a research report issued on Monday, BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Jefferies Financial Group’s price objective points to a potential upside of 11.85% from the company’s previous close.
Other research analysts have also issued research reports about the company. Royal Bank of Canada lifted their target price on Keyera from C$41.00 to C$44.00 in a research report on Friday, August 9th. National Bankshares boosted their price objective on Keyera from C$36.00 to C$38.00 and gave the company a “sector perform” rating in a research report on Friday, August 23rd. Scotiabank boosted their price objective on Keyera from C$40.00 to C$42.00 and gave the company an “outperform” rating in a research report on Monday, July 15th. CIBC boosted their price objective on Keyera from C$37.00 to C$39.00 in a research report on Monday, July 15th. Finally, Citigroup boosted their price objective on Keyera from C$40.00 to C$46.00 and gave the company a “buy” rating in a research report on Monday, September 23rd. Three investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$40.91.
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Keyera Stock Performance
Keyera (TSE:KEY – Get Free Report) last issued its earnings results on Thursday, August 8th. The company reported C$0.62 EPS for the quarter, topping the consensus estimate of C$0.54 by C$0.08. The company had revenue of C$1.72 billion during the quarter. Keyera had a return on equity of 12.02% and a net margin of 4.86%. On average, equities analysts expect that Keyera will post 2.1985409 earnings per share for the current year.
Insider Transactions at Keyera
In other news, Senior Officer Eileen Marikar sold 1,888 shares of the business’s stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of C$39.70, for a total value of C$74,953.79. Company insiders own 0.39% of the company’s stock.
Keyera Company Profile
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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