National Bankshares Lowers Keyera (TSE:KEY) Price Target to C$46.00

Keyera (TSE:KEY) had its target price reduced by research analysts at National Bankshares from C$48.00 to C$46.00 in a report released on Tuesday,BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. National Bankshares’ price objective would suggest a potential upside of 4.21% from the stock’s current price.

A number of other research analysts have also recently commented on KEY. CIBC upped their target price on shares of Keyera from C$56.00 to C$57.00 and gave the company an “outperform” rating in a research report on Thursday, October 9th. BMO Capital Markets lowered their price objective on shares of Keyera from C$54.00 to C$51.00 and set an “outperform” rating for the company in a research report on Friday, January 9th. Finally, Barclays cut their target price on Keyera from C$45.00 to C$43.00 in a research report on Thursday, January 8th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, Keyera presently has an average rating of “Moderate Buy” and an average target price of C$51.00.

Keyera Trading Up 2.1%

KEY stock traded up C$0.91 during trading on Tuesday, reaching C$44.14. 619,241 shares of the stock were exchanged, compared to its average volume of 1,585,462. The company has a current ratio of 1.31, a quick ratio of 0.57 and a debt-to-equity ratio of 137.59. The firm has a market capitalization of C$10.12 billion, a price-to-earnings ratio of 23.60, a P/E/G ratio of 1.35 and a beta of 0.53. The business has a 50 day moving average price of C$43.79 and a 200-day moving average price of C$43.86. Keyera has a 1 year low of C$37.80 and a 1 year high of C$47.12.

Keyera (TSE:KEY) last released its quarterly earnings data on Friday, November 14th. The company reported C$0.79 EPS for the quarter. The firm had revenue of C$1.79 billion for the quarter. Keyera had a return on equity of 16.05% and a net margin of 5.97%. On average, research 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.