CIBC Sticks to Its Buy Rating for Keyera Corp. (KEY)

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Catellier covers the Energy sector, focusing on stocks such as Pembina Pipeline, Keyera Corp., and Enbridge. According to TipRanks, Catellier has an average return of 10.6% and a 68.85% success rate on recommended stocks.

In addition to CIBC, Keyera Corp. also received a Buy from Citi’s Spiro M. Dounis in a report issued on May 19. However, on May 21, ATB Cormark Capital Markets reiterated a Hold rating on Keyera Corp. (TSX: KEY).

Based on Keyera Corp.’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of C$1.53 billion and a GAAP net loss of C$121.97 million. In comparison, last year the company earned a revenue of C$1.76 billion and had a net profit of C$130.34 million

Based on the recent corporate insider activity of 21 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of KEY in relation to earlier this year.