Keyera (TSE:KEY) Price Target Raised to C$53.00

Keyera (TSE:KEY) had its price target increased by Barclays from C$48.00 to C$53.00 in a report published on Thursday,BayStreet.CA reports. Barclays currently has an equal weight rating on the stock.

Other analysts have also issued research reports about the company. Raymond James Financial raised their price target on Keyera from C$63.00 to C$66.00 in a research note on Monday, March 30th. National Bank Financial lowered their price objective on Keyera from C$48.00 to C$46.00 and set a “sector perform” rating for the company in a research report on Tuesday, January 20th. TD Securities raised their price objective on Keyera from C$52.00 to C$56.00 and gave the company a “buy” rating in a research report on Friday, February 13th. BMO Capital Markets lowered their price objective on Keyera from C$54.00 to C$51.00 and set an “outperform” rating for the company in a research report on Friday, January 9th. Finally, Citigroup raised their price objective on Keyera from C$51.00 to C$58.00 and gave the company a “buy” rating in a research report on Monday, February 23rd. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$53.55.

Keyera Stock Performance

Shares of KEY stock opened at C$52.23 on Thursday. The stock has a fifty day moving average of C$51.98 and a 200 day moving average of C$46.71. Keyera has a 52 week low of C$39.09 and a 52 week high of C$55.35. The firm has a market capitalization of C$11.98 billion, a price-to-earnings ratio of 27.63, a PEG ratio of 1.35 and a beta of 0.52. The company has a quick ratio of 0.57, a current ratio of 1.76 and a debt-to-equity ratio of 227.74.

Keyera (TSE:KEY) last announced its quarterly earnings results on Thursday, February 12th. The company reported C$0.39 EPS for the quarter. Keyera had a return on equity of 15.39% and a net margin of 6.34%.The company had revenue of C$1.70 billion during the quarter. As a group, research analysts expect that Keyera will post 2.2166667 earnings per share for the current year.

Keyera Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 31st were given a dividend of $0.54 per share. The ex-dividend date of this dividend was Monday, March 16th. This represents a $2.16 annualized dividend and a yield of 4.1%. Keyera’s dividend payout ratio (DPR) is currently 112.17%.

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.