Keyera (TSE:KEY) Price Target Raised to C$56.00

Keyera (TSE:KEY) had its price objective hoisted by TD Securities from C$52.00 to C$56.00 in a report released on Friday morning,BayStreet.CA reports. TD Securities currently has a buy rating on the stock.

Other equities research analysts have also recently issued reports about the stock. Barclays dropped their price target on shares of Keyera from C$45.00 to C$43.00 in a research report on Thursday, January 8th. National Bank Financial lowered their price objective on shares of Keyera from C$48.00 to C$46.00 and set a “sector perform” rating on the stock in a research note on Tuesday, January 20th. Finally, BMO Capital Markets cut their target price on shares of Keyera from C$54.00 to C$51.00 and set an “outperform” rating for the company in a research note on Friday, January 9th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of C$51.82.

Keyera Price Performance

Shares of TSE:KEY opened at C$51.85 on Friday. The stock 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 debt-to-equity ratio of 137.59, a current ratio of 1.31 and a quick ratio of 0.57. Keyera has a 12 month low of C$37.80 and a 12 month high of C$52.13. The stock’s 50 day moving average price is C$44.82 and its 200 day moving average price is C$44.33.

Keyera (TSE:KEY) last issued its quarterly earnings results on Thursday, February 12th. The company reported C$0.39 earnings per share (EPS) for the quarter. Keyera had a return on equity of 16.05% and a net margin of 5.97%.The firm had revenue of C$1.70 billion during the quarter. Equities research analysts anticipate that Keyera will post 2.2166667 earnings per share for the current fiscal year.

Keyera Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 31st were issued a dividend of $0.54 per share. The ex-dividend date was Monday, December 15th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 4.2%. 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.