Keyera (TSE:KEY) Price Target Cut to C$43.00 by Analysts at Barclays

Keyera (TSE:KEY) had its target price lowered by Barclays from C$45.00 to C$43.00 in a research note released on Thursday morning,BayStreet.CA reports.

Several other equities research analysts also recently commented on KEY. CIBC lifted their price objective on Keyera from C$56.00 to C$57.00 and gave the stock an “outperform” rating in a report on Thursday, October 9th. National Bankshares raised their price target on shares of Keyera from C$45.00 to C$48.00 and gave the company a “sector perform” rating in a report on Wednesday, December 17th. Four investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of C$51.36.

Keyera Price Performance

Shares of TSE KEY opened at C$41.58 on Thursday. The firm has a market cap of C$9.53 billion, a P/E ratio of 22.24, a PEG ratio of 1.35 and a beta of 0.53. Keyera has a twelve month low of C$37.80 and a twelve month high of C$47.12. The company has a quick ratio of 0.57, a current ratio of 1.31 and a debt-to-equity ratio of 137.59. The company has a 50 day moving average of C$43.47 and a 200 day moving average of C$43.88.

Keyera (TSE:KEY) last posted its earnings results on Friday, November 14th. The company reported C$0.79 EPS for the quarter. Keyera had a return on equity of 16.05% and a net margin of 5.97%.The business had revenue of C$1.79 billion during the quarter. As a group, research analysts expect that Keyera will post 2.2166667 EPS for the current fiscal year.

Keyera Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 31st were paid a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date was Monday, December 15th. Keyera’s payout ratio is currently 112.30%.

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.