Keyera (TSE:KEY) Price Target Raised to C$48.00

Keyera (TSE:KEY) had its price target raised by Barclays from C$43.00 to C$48.00 in a report issued on Friday morning,BayStreet.CA reports.

Other equities research analysts have also recently issued research reports about the stock. National Bank Financial reduced their target price on shares of Keyera from C$48.00 to C$46.00 and set a “sector perform” rating for the company in a research note on Tuesday, January 20th. BMO Capital Markets cut their price target on Keyera from C$54.00 to C$51.00 and set an “outperform” rating for the company in a report on Friday, January 9th. Finally, TD Securities lifted 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. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Keyera has a consensus rating of “Moderate Buy” and a consensus price target of C$51.82.

Keyera Trading Up 1.6%

Shares of Keyera stock opened at C$51.85 on Friday. Keyera has a 1 year low of C$37.80 and a 1 year high of C$52.13. The company’s fifty day simple moving average is C$44.82 and its 200-day simple moving average is C$44.33. The company has a market cap of C$11.89 billion, a price-to-earnings ratio of 27.43, a PEG ratio of 1.35 and a beta of 0.58. The company has a current ratio of 1.31, a quick ratio of 0.57 and a debt-to-equity ratio of 137.59.

Keyera (TSE:KEY) last released its earnings results on Thursday, February 12th. The company reported C$0.39 EPS for the quarter. Keyera had a net margin of 5.97% and a return on equity of 16.05%. The firm had revenue of C$1.70 billion during the quarter. As a group, sell-side analysts expect that Keyera will post 2.2166667 EPS for the current year.

Keyera Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Wednesday, December 31st were given a $0.54 dividend. This represents a $2.16 annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend was Monday, December 15th. Keyera’s dividend payout ratio is 112.17%.

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.