Keyera (TSE:KEY) Reaches New 1-Year High – What’s Next?

Keyera Corp. (TSE:KEY) shares reached a new 52-week high on Wednesday . The company traded as high as C$59.02 and last traded at C$58.71, with a volume of 2318939 shares. The stock had previously closed at C$57.44.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on KEY shares. Jefferies Financial Group set a C$65.00 target price on Keyera and gave the stock a “buy” rating in a research report on Tuesday. TD upped their target price on Keyera from C$60.00 to C$61.00 and gave the stock a “buy” rating in a research report on Friday, May 15th. Scotia upped their target price on Keyera from C$55.00 to C$60.00 and gave the stock a “sector outperform” rating in a research report on Friday, May 15th. Citigroup upped their price target on Keyera from C$51.00 to C$58.00 and gave the company a “buy” rating in a report on Monday, February 23rd. Finally, ATB Cormark Capital Markets upped their price target on Keyera from C$52.00 to C$54.00 and gave the company a “sector perform” rating in a report on Friday, May 15th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$57.29.

Keyera Stock Performance

The firm’s 50 day simple moving average is C$52.58 and its 200-day simple moving average is C$47.98. The company has a debt-to-equity ratio of 249.10, a quick ratio of 0.57 and a current ratio of 1.60. The company has a market capitalization of C$13.46 billion, a price-to-earnings ratio of 74.32, a P/E/G ratio of 1.35 and a beta of 0.56.

Keyera (TSE:KEY) last announced its earnings results on Thursday, May 14th. The company reported C($0.53) earnings per share (EPS) for the quarter. Keyera had a net margin of 2.73% and a return on equity of 6.59%. The firm had revenue of C$1.30 billion for the quarter. Analysts expect that Keyera Corp. 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 issued a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a dividend yield of 3.7%. The ex-dividend date was Monday, March 16th. Keyera’s payout ratio is currently 270.89%.

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.