Keyera (TSE:KEY) Upgraded by BMO Capital Markets to Outperform Rating

BMO Capital Markets upgraded shares of Keyera (TSE:KEY) from a market perform rating to an outperform rating in a research report report published on Wednesday,BayStreet.CA reports. They currently have C$54.00 price target on the stock, up from their prior price target of C$45.50.

A number of other research firms also recently issued reports on KEY. TD Securities boosted their target price on shares of Keyera from C$45.00 to C$47.00 and gave the company a “hold” rating in a research report on Thursday, May 22nd. CIBC decreased their price objective on shares of Keyera from C$48.00 to C$47.00 and set an “outperform” rating for the company in a research report on Thursday, April 24th. Scotiabank upped their price objective on shares of Keyera from C$50.00 to C$51.00 and gave the stock an “outperform” rating in a research report on Thursday, May 22nd. National Bankshares upped their price objective on shares of Keyera from C$41.00 to C$43.00 and gave the stock a “sector perform” rating in a research report on Thursday, May 22nd. Finally, Raymond James Financial upped their price objective on shares of Keyera from C$50.00 to C$51.00 and gave the stock an “outperform” rating in a research report on Thursday, May 22nd. Three research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$47.82.

Keyera Trading Up 5.7%

TSE KEY opened at C$44.47 on Wednesday. The company has a market capitalization of C$10.24 billion, a PE ratio of 22.92, a P/E/G ratio of 1.35 and a beta of 2.09. The company has a fifty day moving average of C$42.38 and a 200 day moving average of C$42.74. Keyera has a 1 year low of C$35.35 and a 1 year high of C$47.90. 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 Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 30th will be paid a dividend of $0.52 per share. The ex-dividend date is Monday, June 16th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 4.68%. Keyera’s dividend payout ratio is currently 107.20%.

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.