Keyera (TSE:KEY) Given New C$56.00 Price Target at Barclays

Keyera (TSE:KEY) had its price objective increased by Barclays from C$53.00 to C$56.00 in a report released on Wednesday morning,BayStreet.CA reports.

A number of other brokerages have also recently weighed in on KEY. Jefferies Financial Group set a C$65.00 price target on shares of Keyera and gave the company a “buy” rating in a research report on Tuesday, May 19th. Raymond James Financial cut their target price on Keyera from C$66.00 to C$65.00 and set an “outperform” rating on the stock in a research report on Tuesday, June 23rd. Canadian Imperial Bank of Commerce boosted their target price on Keyera from C$63.00 to C$65.00 in a report on Tuesday, June 16th. ATB Cormark Capital Markets upped their target price on Keyera from C$55.00 to C$58.00 and gave the company a “sector perform” rating in a research report on Tuesday, June 16th. Finally, TD set a C$68.00 price target on Keyera and gave the stock a “buy” rating in a research note on Tuesday, June 9th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$60.86.

Keyera Trading Up 0.3%

Shares of KEY stock opened at C$58.81 on Wednesday. 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 stock has a market capitalization of C$17.26 billion, a P/E ratio of 74.44, a price-to-earnings-growth ratio of 1.35 and a beta of 0.49. The company has a 50 day moving average price of C$56.97 and a 200 day moving average price of C$52.05. Keyera has a fifty-two week low of C$40.09 and a fifty-two week high of C$59.99.

Keyera (TSE:KEY) last released its earnings results on Thursday, May 14th. The company reported C($0.53) earnings per share for the quarter. Keyera had a return on equity of 6.59% and a net margin of 2.73%.The firm had revenue of C$1.30 billion for the quarter. Equities research analysts predict that Keyera will post 2.2166667 EPS for the current fiscal year.

Keyera Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 30th were given a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date was Monday, June 15th. Keyera’s dividend payout ratio (DPR) is presently 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.