Keyera Corp Rating Increased to Outperform at RBC Capital (KEY)
Keyera Corp (TSE:KEY) was upgraded by stock analysts at RBC Capital from a “sector perform” rating to an “outperform” rating in a report issued on Friday. The firm currently has a C$97.00 price objective on the stock, up from their previous price objective of C$79.00. RBC Capital’s price objective indicates a potential upside of 9.98% from the company’s current price.
Shares of Keyera Corp (TSE:KEY) traded up 1.11% on Friday, hitting $89.18. The stock had a trading volume of 155,131 shares. Keyera Corp has a 52 week low of $54.72 and a 52 week high of $88.52. The stock has a 50-day moving average of $79.61 and a 200-day moving average of $72.55. The company has a market cap of $7.195 billion and a price-to-earnings ratio of 38.85.
Keyera Corp (TSE:KEY) last announced its earnings results on Friday, August 8th. The company reported $0.78 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.56 by $0.22. On average, analysts predict that Keyera Corp will post $2.71 earnings per share for the current fiscal year.
The company also recently declared a Monthly dividend, which is scheduled for Friday, August 15th. Stockholders of record on Friday, August 15th will be given a dividend of $0.215 per share. This represents a yield of 3.32%. The ex-dividend date of this dividend is Friday, July 18th.
A number of other analysts have also recently weighed in on KEY. Analysts at BMO Capital Markets raised their price target on shares of Keyera Corp from C$81.00 to C$85.00 in a research note on Friday. They now have a “market perform” rating on the stock. Separately, analysts at TD Securities raised their price target on shares of Keyera Corp from C$75.00 to C$86.00 in a research note on Friday. They now have a “hold” rating on the stock. Finally, analysts at National Bank Financial raised their price target on shares of Keyera Corp from C$80.00 to C$88.00 in a research note on Thursday. They now have an “outperform” rating on the stock. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of C$84.11.
Keyera Corp. operates natural gas midstream businesses in Canada. It operates in the oil and gas sector between the upstream sector, which includes oil and gas exploration and production businesses, and the downstream sector, which includes the refining, distribution and retail marketing of finished products.
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