Keyera (TSE:KEY) Price Target Raised to C$66.00

Keyera (TSE:KEY) had its price objective hoisted by Raymond James Financial from C$63.00 to C$66.00 in a report issued on Monday,BayStreet.CA reports.

Other research analysts have also issued research reports about the company. Citigroup increased their target price on Keyera from C$51.00 to C$58.00 and gave the stock a “buy” rating in a research report on Monday, February 23rd. National Bank Financial dropped their price target on Keyera from C$48.00 to C$46.00 and set a “sector perform” rating on the stock in a research report on Tuesday, January 20th. Barclays upped their price target on Keyera from C$43.00 to C$48.00 in a research note on Friday, February 13th. TD Securities increased their price objective on Keyera from C$52.00 to C$56.00 and gave the stock a “buy” rating in a report on Friday, February 13th. Finally, BMO Capital Markets lowered their price objective on 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. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$53.09.

Keyera Trading Down 2.4%

TSE:KEY opened at C$52.51 on Monday. The company has a 50-day moving average price of C$50.89 and a 200-day moving average price of C$46.34. The stock has a market cap of C$12.04 billion, a price-to-earnings ratio of 27.78, a P/E/G ratio of 1.35 and a beta of 0.70. The company has a current ratio of 1.76, a quick ratio of 0.57 and a debt-to-equity ratio of 227.74. Keyera has a 12 month low of C$37.80 and a 12 month high of C$55.35.

Keyera (TSE:KEY) last released its quarterly earnings results on Thursday, February 12th. The company reported C$0.39 earnings per share (EPS) for the quarter. Keyera had a net margin of 6.34% and a return on equity of 15.39%. The company had revenue of C$1.70 billion during the quarter. Equities analysts predict that Keyera will post 2.2166667 EPS for the current year.

Keyera Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 31st were given a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend was Monday, March 16th. Keyera’s payout ratio is currently 112.17%.

About Keyera

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.