Keyera (TSE:KEY) Price Target Lowered to C$52.00 at TD Securities

Keyera (TSE:KEY) had its price objective decreased by TD Securities from C$54.00 to C$52.00 in a research note published on Tuesday morning,BayStreet.CA reports. TD Securities currently has a buy rating on the stock.

A number of other research firms have also issued reports on KEY. National Bankshares reduced their target price on shares of Keyera from C$48.00 to C$46.00 and set a “sector perform” rating on the stock in a report on Tuesday. BMO Capital Markets reduced their price objective on shares of Keyera from C$54.00 to C$51.00 and set an “outperform” rating on the stock in a research note on Friday, January 9th. Barclays decreased their target price on shares of Keyera from C$45.00 to C$43.00 in a research report on Thursday, January 8th. Finally, CIBC boosted their price target on Keyera from C$56.00 to C$57.00 and gave the company an “outperform” rating in a report on Thursday, October 9th. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$51.00.

Keyera Price Performance

Shares of TSE:KEY opened at C$43.75 on Tuesday. The company has a debt-to-equity ratio of 137.59, a quick ratio of 0.57 and a current ratio of 1.31. The business’s fifty day moving average price is C$43.83 and its two-hundred day moving average price is C$43.86. The stock has a market cap of C$10.03 billion, a PE ratio of 23.40, a price-to-earnings-growth ratio of 1.35 and a beta of 0.53. Keyera has a one year low of C$37.80 and a one year high of C$47.12.

Keyera (TSE:KEY) last issued its quarterly earnings data on Friday, November 14th. The company reported C$0.79 earnings per share (EPS) for the quarter. The business had revenue of C$1.79 billion for the quarter. Keyera had a return on equity of 16.05% and a net margin of 5.97%. On average, analysts forecast that Keyera will post 2.2166667 EPS for the current fiscal year.

Keyera Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 31st were given a dividend of $0.54 per share. 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 payout ratio is 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.