Keyera (TSE:KEY) Given New C$38.00 Price Target at National Bankshares

Keyera (TSE:KEY) had its price target raised by National Bankshares from C$36.00 to C$38.00 in a research report sent to investors on Friday, BayStreet.CA reports. National Bankshares currently has a sector perform rating on the stock.

A number of other research analysts have also recently weighed in on KEY. TD Securities raised their price objective on shares of Keyera from C$38.00 to C$39.00 and gave the stock a buy rating in a research note on Wednesday, May 15th. Atb Cap Markets raised shares of Keyera from a hold rating to a strong-buy rating in a research note on Wednesday, May 15th. Scotiabank raised their price objective on shares of Keyera from C$40.00 to C$42.00 and gave the stock an outperform rating in a research note on Monday, July 15th. Stifel Nicolaus raised their price objective on shares of Keyera from C$39.00 to C$40.00 and gave the stock a buy rating in a research note on Wednesday, May 15th. Finally, Citigroup raised their price objective on shares of Keyera from C$37.00 to C$40.00 and gave the stock a buy rating in a research note on Thursday, May 16th. Two investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Keyera currently has a consensus rating of Moderate Buy and a consensus price target of C$39.91.

Keyera Trading Up 1.3 %

Shares of Keyera stock opened at C$40.05 on Friday. The company has a current ratio of 1.30, a quick ratio of 0.57 and a debt-to-equity ratio of 143.51. The company has a 50-day moving average of C$38.20 and a two-hundred day moving average of C$35.93. Keyera has a 12-month low of C$30.08 and a 12-month high of C$40.19. The stock has a market cap of C$9.18 billion, a PE ratio of 26.88, a price-to-earnings-growth ratio of 1.35 and a beta of 2.09.

Keyera Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 13th will be paid a dividend of $0.52 per share. This is an increase from Keyera’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Friday, September 13th. This represents a $2.08 annualized dividend and a yield of 5.19%. Keyera’s payout ratio is 139.60%.

Insider Buying and Selling

In related news, Senior Officer Eileen Marikar sold 1,888 shares of Keyera stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of C$39.70, for a total transaction of C$74,953.79. 0.39% of the stock is currently owned by insiders.

About Keyera

Keyera Corp. engages in the gathering and processing of natural gas; and transportation, storage, and marketing of natural gas liquids (NGLs) in Canada and the United States. It operates through three segments: Gathering and Processing, Liquids Infrastructure, and Marketing. 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 gas handling and other ancillary services, such as NGL extraction, NGL handling and loading services, and condensate stabilization services.