Keyera (TSE:KEY) Price Target Raised to C$56.00

Keyera (TSE:KEY) had its price target boosted by Barclays from C$53.00 to C$56.00 in a research note released on Wednesday morning,BayStreet.CA reports.

Several other analysts have also weighed in on KEY. Raymond James Financial decreased their price objective on Keyera from C$66.00 to C$65.00 and set an “outperform” rating on the stock in a report on Tuesday, June 23rd. TD set a C$68.00 target price on Keyera and gave the company a “buy” rating in a research note on Tuesday, June 9th. BMO Capital Markets raised their target price on Keyera from C$60.00 to C$65.00 in a research report on Tuesday, June 16th. National Bank Financial lifted their price target on shares of Keyera from C$61.00 to C$62.00 and gave the stock an “outperform” rating in a research note on Tuesday, June 23rd. Finally, Canadian Imperial Bank of Commerce boosted their price target on shares of Keyera from C$63.00 to C$65.00 in a report on Tuesday, June 16th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$60.86.

Keyera Stock Up 1.3%

Shares of KEY opened at C$59.95 on Wednesday. The company has a debt-to-equity ratio of 249.10, a quick ratio of 0.57 and a current ratio of 1.60. The company has a 50-day simple moving average of C$57.31 and a 200-day simple moving average of C$52.22. Keyera has a 52 week low of C$40.09 and a 52 week high of C$60.14. The firm has a market capitalization of C$17.59 billion, a P/E ratio of 75.89, a P/E/G ratio of 1.35 and a beta of 0.49.

Keyera (TSE:KEY) last released its earnings results on Thursday, May 14th. The company reported C($0.53) earnings per share for the quarter. The firm had revenue of C$1.30 billion for the quarter. Keyera had a return on equity of 6.59% and a net margin of 2.73%. On average, equities research analysts expect that Keyera will post 2.2166667 earnings per share for the current year.

Keyera Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 30th were issued a $0.54 dividend. The ex-dividend date of this dividend was Monday, June 15th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 3.6%. Keyera’s dividend payout ratio is presently 270.89%.

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.