Keyera (TSE:KEY) Price Target Cut to C$46.00 by Analysts at National Bankshares

Keyera (TSE:KEY) had its target price trimmed by National Bankshares from C$48.00 to C$46.00 in a research note issued to investors on Tuesday,BayStreet.CA reports. The firm currently has a sector perform rating on the stock.

A number of other equities research analysts have also recently weighed in on KEY. Barclays cut their price objective on shares of Keyera from C$45.00 to C$43.00 in a research note on Thursday, January 8th. CIBC boosted their price target on shares of Keyera from C$56.00 to C$57.00 and gave the stock an “outperform” rating in a research report on Thursday, October 9th. Finally, BMO Capital Markets reduced their price target on shares of Keyera from C$54.00 to C$51.00 and set an “outperform” rating for the company in a research note on Friday, January 9th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$51.00.

Keyera Stock Performance

Shares of TSE KEY opened at C$43.75 on Tuesday. Keyera has a 12-month low of C$37.80 and a 12-month high of C$47.12. The company has a market cap of C$10.03 billion, a PE ratio of 23.40, a P/E/G ratio of 1.35 and a beta of 0.53. The stock has a 50 day simple moving average of C$43.83 and a 200-day simple moving average of C$43.86. The company has a current ratio of 1.31, a quick ratio of 0.57 and a debt-to-equity ratio of 137.59.

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 firm had revenue of C$1.79 billion for the quarter. On average, equities research analysts forecast that Keyera will post 2.2166667 EPS for the current year.

Keyera Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 31st were issued a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 4.9%. The ex-dividend date of this dividend was Monday, December 15th. Keyera’s dividend payout ratio is presently 112.30%.

Keyera Company Profile

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.