Keyera (TSE:KEY) Given a C$34.00 Price Target at Barclays

Barclays set a C$34.00 price target on Keyera (TSE:KEY – Get Rating) in a research report sent to investors on Wednesday, BayStreet.CA reports. The firm currently has an equal weight rating on the stock.

Other equities analysts have also recently issued research reports about the stock. Royal Bank of Canada cut their target price on shares of Keyera from C$37.00 to C$36.00 and set an outperform rating for the company in a research report on Thursday, November 10th. CSFB cut their price objective on shares of Keyera from C$35.50 to C$35.00 in a research report on Tuesday, December 13th. Scotiabank cut their price objective on shares of Keyera from C$38.00 to C$34.00 in a research report on Thursday, October 20th. ATB Capital cut their price objective on shares of Keyera from C$36.00 to C$35.00 in a research report on Thursday, November 10th. Finally, National Bankshares cut their price objective on shares of Keyera from C$35.00 to C$34.00 and set an outperform rating for the company in a research report on Thursday, November 10th. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, Keyera presently has an average rating of Moderate Buy and an average price target of C$34.14.

Keyera Stock Performance

Shares of KEY opened at C$31.17 on Wednesday. The company has a current ratio of 1.04, a quick ratio of 0.57 and a debt-to-equity ratio of 141.30. The stock has a market cap of C$7.14 billion and a P/E ratio of 13.73. The company has a 50-day moving average of C$29.76 and a two-hundred day moving average of C$30.16. Keyera has a 12-month low of C$26.34 and a 12-month high of C$35.48.

Keyera (TSE:KEY – Get Rating) last announced its earnings results on Wednesday, November 9th. The company reported C$0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.44 by C$0.12. The business had revenue of C$1.72 billion for the quarter. As a group, research analysts predict that Keyera will post 1.9 EPS for the current fiscal year.

Keyera Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, February 15th. Shareholders of record on Monday, January 23rd will be paid a dividend of $0.16 per share. The ex-dividend date is Friday, January 20th. This represents a $1.92 annualized dividend and a yield of 6.16%. Keyera’s dividend payout ratio is currently 84.58%.

About Keyera

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Keyera Corp. engages in the energy infrastructure business in Canada. The company operates through Gathering and Processing, Liquids Infrastructure, and Marketing segments. The Gathering and Processing segment owns and operates raw gas gathering pipelines and processing plants, which collect and process raw natural gas, remove waste products, and separate the economic components primarily natural gas liquids; and provides condensate handling services.